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Priced Out…and For How Long?

September 14, 2022 Megan got an email stating her FICO score is the highest it has ever been, and Dom’s score is even higher.We tried the home buying route recently, we got preapproved and looked at some houses in James’ school district, but the truth is, and many folks in our age group can relate…we are priced out of the market right now. Homes we can afford need significant work or are too small for our family and even if we stretched it to the max amount we can spend, the monthly payment is high, and we can’t put ourselves in a situation where we regret the purchase in the future.We recently read an article that many folks who bought within the last year are having buyer’s remorse about at least one aspect of their new home and some just simply overbid and are finding themselves in a precarious situation…although this isn’t the case with everyone, we are definitely happy for anyone who finds their dream home!We are just stuck waiting awhile and hoping we can find something in our price range. Thanks for the support through this process! We are hoping that through this competition we are able to save and build up a high enough savings to have an even more substantial down payment for our dream home. It is a matter of patience and discipline for us.We really appreciate that Summit wants to create more equitable opportunities for home ownership for folks who are truly considered middle class like us, and we are grateful to have this opportunity to build up our finances so we can obtain that goal. You might also be interested in The past six months have been so transformative for us, and it is hard not to get emotional as we write this last blog post. We are finally financially... And where the heart is, of course… This week has been so trying. We are all recovering (slowly) from the flu that hit us HARD. Dominique and Megan both... We are finally moved into our new home and fully out of our apartment. It was hard to say goodbye to the apartment we had many good memories in, but we... We finally closed on our home on November 30 and have been slowly working on moving responsibilities over the past few days. We have had to make a lot... This week we are coming off of a long weekend after Thanksgiving where we are feeling immense gratitude for so many things. We are thankful for our financial... We were notified this week that we have been cleared to close for our new home. We are so excited to move in and have been so blessed with amazing friends... This week we have been struggling with juggling multiple schedules, illness, outside priorities and activities, and a tumultuous election season. We have... This week we have been working on several things. Our son was accepted to our first-choice preschool and we have been overjoyed. With that joy, there is... This week we worked on spending less and we think we did a better job than previous weeks. We prepared a lot more meals at home and planned to not spend...