For the last year and a half we’ve been planning on moving once our lease is up. In order to get a mortgage we concentrated first on paying down our debt and increasing our FICO scores. That didn’t leave a lot of money to save towards a downpayment, especially once our rent payments increased to 2/3rds of our income.
We’re now four months from the end of our lease and are ready for that next chapter of our lives, in a house where our mortgage can be less than what we’re paying in rent now. In order to raise money for the downpayment, I’ve started a GoFundMe campaign.
So far we’ve raised $1,600 of our $17,000 goal. The money raised will go first to our downpayment, then to closing costs and anything left over will go to moving costs. If you feel so inclined, please check out the fundraiser.