Sunday, February 28, 2010

I have 40000$ .....?you thing is enough to have wedding and buy House?




my credit is decent?


he home value about 140000I have 40000$ .....?you thing is enough to have wedding and buy House?
The down payment on that home could be anywhere from $4000 to $11000 or more depending on the percent required for the loan. So you would have enough to cover the down payment, but in order to have the wedding too you would have to decide how much you want to spend on it. The other thing to keep in mind is the monthly mortgage and other bills that come along with owning a house! Such as closing costs and any improvements you would like to make to the house!I have 40000$ .....?you thing is enough to have wedding and buy House?
You should sit down with your fiance and your mortgage provider and ask this question to them.





Some people feel comfortable and are financially able to buy a home with no money down. Others need a down payment. There are also other costs involved in buying a home (repairs, moving fees, taxes, inspections, Realtor's fees (if any)) that you need to consider beyond the mortgage payment.





For some people, $40,000 is their wedding budget. If this is you and you need any amount of money for the home, then obviously it is an impossibility. If you can manage a wedding for $10,000 and put $30,000 towards the house and live comfortably with that, then of course it will work for you.
Well, depending on what way you look at it $500 is enough to get married and buy a house. I've heard of people who have gotten married on just the $100 it costs for the marriage license and other processing charges. We bought a $140,000 house and had 100% bank financing (couldn't have put down a down payment if we wanted to since it was a special first-time buyer program for people with good credit). Otherwise if you don't qualify for something like that banks normally like 15% or in your case 21,000. Add on the $5,000 in closing costs (not to mention possible other costs) and you're left with $10,000 for the wedding. Whether or not that's enough is completely up to you.
Yes, but almost all the money should go towards the house. Nowadays it's hard to put down less than 20% (more is better of course). And don't forget lawyers fees, brokers fees and so forth. And the moving costs, furniture, any renovations/repairs, insurance, etc.





You can have a wedding with the rest. Even if the remaining amount is only $100. Really all you need is a marriage license and an officiant (maybe get married in City Hall) with a witness or 2 or how ever many are required. Wear the nicest outfits you have instead of buying/renting ones. Take pictures and video with digital cameras you already own. You don't even need rings (tell the officiant you're skipping that part) or if you do want rings, you can get ';fashion'; rings for a nominal price (I saw some gold plated wedding bands on sale for $24.95 once) Maybe some cake and punch and some finger foods (pot luck?) at home if you like. Basically a small, intimate wedding.





You'll be just as married as if you spent the entire amount on a wedding (and probably less stressed; and you get bragging rights - ';We had a wonderful wedding for less than $__)





And if you still want a wedding with all the bells %26amp; whistles, consider a vow renewal ceremony/reception years from now when you can afford it.





Best of luck!
Here's some free life secrets...


%26gt; The cheaper the wedding, the more you get to spend on the honeymoon.


%26gt; The wedding is weeks of planning and only ONE day of play. Most of the time you're too tired at the end of the day to ';play'; on the wedding night.


%26gt; The less you put down on the house, the more your write offs are for taxes. Take what money you might have used for a down on the house and pay OFF the credit cards. You'll save more on NOT paying interest and fees than you'd save on using it as a down.


%26gt; Only pay extra on the house payment after 1/4 of the time has passed. (i.e. ~7yrs on a 30 yr loan). Only then are the benefits used wisely.


%26gt; You only need ONE Visa card. Even if it's a Visa-check card that draws straight from your account.


%26gt; If you MUST have more than one Visa. Have a low limit and only use ONE for internet purchases.





I may have gotten off track a bit but I was on a roll, sorry.
Yes, if you elope or have a courthouse wedding. You'll be close to $30K with just a 20% down (and that's without closing costs, commission, etc.) And you need cash for other work (paint, roof, electrical, plumbing, carpet, landscaping etc.)
Enough to put a decent deposit on the house.. IF you plan a modest wedding, don't go overboard, if that is the amount of money you have I would say no more than $5000. should be spent on your wedding, you will be thankful for the low mortgage payments!
Not really. Probably enough for a decent downpayment and costs associated with buying.





Depends how big you want your wedding to be. Weddings can be $50-well over 40,000.
what I know ,I can recommend a cheap and good quality wedding apparel website.you will save a lot by it.
depends, could be..Not enough to buy the house but enough to put deposit down and get a mortage.
if your moving to mexico.
Sorry don't think so.
No.
Spend most of the money on the house. My wedding cost less than $1000.

1 comment:


  1. So far it was really detailed information and knowledgeable articles that I thought it was about buy house and lot which I was looking for.

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