Good Job, good credit history, looking to buy

Me and my fiance are in a good job with good credit scores. We are looking to buy a 2 BR house in San jose/Milpitas/Newark areas in late 2015 or early 2016. We plan to live in the house for atleast 10 years and then maybe look at upgrading. Researching the price rises in these areas I am concerned that I will not be able to afford anything decent. As a first time buyer, I have a few questions. Should I consider buying at all? I am paying a rent of $2300/month in Milpitas. Should I time the buying depending on the market?

4 Years Ago - Kolkata

Tony Ngai, "Tony Ngai"

328 contributions

That depends on your budget, savings, income and debt. Talk to a loan officer at your bank to find out how much you can afford. Next, you can determine if you can afford condo/townhouse or single family home in the area you prefer to live in.

24 minutes ago

Tony Ngai, "Tony Ngai"

328 contributions

That depends on your budget, savings, income and debt. Talk to a loan officer at your bank to find out how much you can afford. Next, you can determine if you can afford condo/townhouse or single family home in the area you prefer to live in.

24 minutes ago