I'm kind of stuck with a problem and I'm not too sure what to really do, just looking for a little input.
Ok here's my deal. My lease is up in August. My rent right now is $830 a month with free heat. Our plan was after that to go month to month because we want to move into a house sometime soon and don't want to commit to another year. When we go to month to month, our rent will go up to what I believe will be $890. Now I know for a couple hundred more, I could have a mortgage and be in a house. Well my problem is, I am layed off at the moment and not too sure when I will be going back to work and my fiance works at Froedtert and is optional part time at the moment so even though she works pretty steady, she is not guaranteed hours right now until she gets part time or above. Also we are getting married in September so that also hurts the money situation. I have about $6000 for a down payment right now and after the wedding I imagine we will have more so that shouldn't be a problem.
I guess my issue is what to do. Should we start looking at houses? Should we see what kind of loan we can get right now? We are going to try to go with an FHA. It's just killing me that we will be wasting almost $900 on rent when we could be putting that towards a house.
I appreciate any input.