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First-time home buyers: how did you feel about getting a mortgage? (lemmynsfw.com)

submitted 6 months ago by [email protected] to c/[email protected]

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An option for me to buy a house has come up very suddenly and it seemed like a good idea at first - but I look at a mortgage and think "that's 15 years I'll spend paying back, at absolute minimum. Probably more like 25 years" - how can I possibly plan that far in advance?

So, how did you feel about getting a mortgage and seeing such a serious commitment stretch so far into the future? I'm mainly talking about the emotional side of things rather than financial

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[–] [email protected] 8 points 6 months ago (1 children)

It's daunting, and it should be. A person can lose a lot of money and time by buying a lemon of a house.

That said, most people don't pay off their first house, because they move before the 15 or 30 years is up. And that's okay.

As Dave Ramsey says, "It's a house, not a marriage." Meaning, if it turns out a house doesn't suit you, sell it. You can't hurt it's feelings.

Before my first house, I didn't realize how much I would appreciate not having to get permission to fix / paint / change my own wall / door / shelf / window blinds.

I also didn't realize how much I would grow to despise having a Homeowners Association (HOA) up in my business.

[–] [email protected] 1 points 6 months ago

Oh dear God, I specifically mandated that I would absolutely not live in an HOA for this exact reason. And boy am I glad I did it. I'm an American damnit. If I want to have two broken down cars on blocks in my yard, then damnit I can. LOL. No, I wouldn't do that. But it's better than an HOA.