Should I continue to rent or buy house?
Ok, I’m getting married this summer. We are renting a home for a little under $ 900/month. Our combined salary is a little over $ 70K. We have great credit but not too much $ for a down payment, maybe $ 5K. I know it is kind of a rule of thumb to not purchase a house around a wedding (parents are paying for most of it) and if you have much debt which I kind of do….college loans still. But it also seems it’s a buyer’s market right now and I don’t know if we wait a couple years will house prices go up again when it rebounds. This would be our first time home buying – and I heard of some programs out there…Fannie Mae, Fred Mac, etc. Please give your opinions and if we could get a house what should I range be?