How House Hunting Nearly Ruined My Marriage
- By
Julia Austin
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Calculating down payment comfort
If finances are tight, then scrounging up a down payment might cause some conflict. It did for us. We were really coming down to the line on what we’d have left in liquid after putting down a down payment. And we had different comfort levels surrounding how much cash we should keep in our checking accounts for emergencies. The down payment would determine which homes were actually an option for us, and we were finding that offering a down payment that was even just $12K less or more put us in a totally different bracket of home options. It was one of the most stressful financial decisions we ever made and didn’t exactly leave us feeling warm and fuzzy towards each other for a while.
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