Asked by mbeers33, Manhattan, KS • Thu Oct 13, 2011
My husband and I are considering going to grad school in Manhattan and we have never owned a home before. We thought about renting, but the rent options seem slim and we would like to settle down a little more since we would be there for several years (not to mention lots of animals, which makes renting challenging). I will be taking out loans for school, but my husband receives a stipend through school (about 25,000/yr) so we will have a small income. We are great with savings and have a pretty decent amount saved right now (about 30,000). I have been looking at small inexpensive houses online and wondering if we are crazy for considering buying a home. We are also concerned about the market and whether or not we will be able to sell once we finish school. Is it a bad idea to even consider at this point? Is it unrealistic to expect a home loan? Thank you.
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