We plan on buying a home in about six months and we will be first time home buyers.
We have enough saved up for a down payment and we were planning on paying off our cars loans which would takes us about 4-6 more months which is why we are waiting.
Although we found a home for sale that we fell in love with, and our question is, for example: if we bought this home lets say within a month or so, but don’t move in for a few more months, is there something you can work out with a lender so you don’t have to make any payments till you move in. Or once you sign and bought the house, next month payment is yours?
We haven’t talked to a mortgage lender yet because we weren’t planning on moving out no earlier than six months from now. Talking to a lender will be our next step, but I was just curious to know about this question.
We have no other outstanding credit card debt.
We don’t have to pay off our car loans we are just preferring to do so ourselves. I understand I will have another one down the road, we just figure as first time buyer lets make are life a little easier by paying them off before we jump into the biggest purchase of our life.