Did you put a downpayment on your house?
My husband and I are in the process of buying a new house with no downpayment. Needless to say the monthly payments are quite hefty.
We’d like to know how other people can come up with 10, 15 and 20K+ for a downpayment on a house. My husband makes $ 75K/yr and I’m currently staying home with our new baby. We are 30 & 31 and pay $ 1,100/month for rent. My husband has no car payment (anymore) and I have a car with a $ 270/month payment. I don’t think we’re living in excess of our means but do not understand how it is possible to come up with thousands and thousands of dollars.
Are we still too young to have $ 20K stashed away somewhere or are there people our age that actually have that much saved (sans money from wealthy parents)? Are people who DO have that much money for a downpayment in their 40’s? I just want to know how other people do it. We’d like to buy a really nice house down the road ($ 300-$ 400K) but it seems impossible!