My wife and I are considering buying a house. I reckon that after paying about $7,000 to our landlord it's about time we started putting some money into our own equity. An old pastor in Australia told me that if you put a little equity into a house each place you move, when you retire you'll own your own home. So that's our goal.
Right now we're navigating the confusing array of mortgage options. We figure we'd better move now before the interest rates go up. Any advice for this first time home buyer?