We went through something similar—waited longer to build a bigger down payment, but prices rose faster than our savings. Felt like chasing our tails. Curious if anyone found a sweet spot between saving more and jumping in sooner?
"Felt like chasing our tails."
Yeah, that's exactly how it felt for a lot of folks I've worked with. Reminds me of a couple who kept waiting to save more, but every year the market jumped ahead faster than their savings could catch up. Eventually, they decided to jump in with a slightly smaller down payment than planned—turned out okay, but it was definitely nerve-wracking at first. Makes me wonder if there's ever really a perfect moment or if it's always a bit of a gamble...?
Yeah, it's always a bit of a moving target. I've seen people wait for the "right" moment only to realize it passed them by months ago. Sometimes you just have to trust your gut and jump in—sounds like that's exactly what happened here. Glad it worked out.
"Sometimes you just have to trust your gut and jump in—sounds like that's exactly what happened here."
Yeah, trusting your gut seems key, but I'm curious... does anyone know how much bankruptcy actually affects mortgage interest rates? Wondering if waiting longer really makes a big difference or not.
"Yeah, trusting your gut seems key..."
Definitely agree with this—sometimes intuition can guide you better than numbers alone. Regarding bankruptcy and mortgage rates, lenders typically view recent bankruptcies as higher risk, so interest rates might be noticeably higher initially. However, the impact lessens significantly after a few years of rebuilding credit. Waiting a bit longer could help secure better terms, but if you've found the right home and feel ready... sometimes that's worth more than perfect timing.
