On This Financial Life episode, the guys chat with Brian, a long time fan of the show. They talk about his finances, mortgage, and debt over a cold one.
Here’s the scoop. He and his wife are new first-time home buyers and live in the Philly area. They didn’t have the best living situation, so it pushed them to aggressively to save for a home and drastically cut spending. They didn’t have the easiest time of finding a home.
The first house they put a bid on majorly failed the inspection and they were looking at 10-20k worth of repairs. No bueno. They finally ended up finding a place they loved, but the price was a lot higher. After doing the math, they decided they could afford the house and used an FHA loan to pay for it.
Show Notes:
Andrews Beer: Mac Fanny Baw Bourbon Barrel Aged Smoked Ale from Against the Grain Brewery.
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