I'm currently trying to decide if I should be saving up for another big overseas holiday or try and put my money towards saving for a house.
I've been on two significant trips overseas to Europe and America in the last 4 years or so which I've spent quite a bit of money on.
I get my long service in a year which will certainly help pay for a bit.
I do not earn a lot of money and are renting which makes saving a lot a tad difficult.
So, do I go on one big trip for a while ( thinking about 7 weeks, 4 in Europe and 3 in the states) and then buckle down and save for a house, or do i just keep saving and try and get enough for a deposit.
People are always saying " travel while you're young!" and not sure if this is advice I need to take on board.
All opinions and help appreciated ! Thankyou
Travel or house deposit ?
Comments
The reason for the long trip is that I probably wont be able to do another big one for quite a while, thought i'd just go all or nothing. And i think you'd want 4 weeks at least when going to the other side of the world.
Having said that maybe a 4 week holiday could be a good compromiseif you can, go in low season. LAX return for $899 the other day. Yeh there were probably only 2 seats on some flights, but plenty of fares now around $1100-$1200 return to LAX from BNE, SYD & MEL.
Did you know you can use Qantas ff points (& probably Virgin points too) on domestic USA flights on 3 major airlines with no fuel surcharges (see below) & probably also in Europe.
eg. LAX/COLORADO (3 nonstop routes) 12,000 pts + $2 (+ heaps of one stop options)
Vegas/east coast(NYC, MIAMI & anywhere in between) 18,000 pts + $2
east coast/west coast 25,000 pts + $2
LAX/Seattle 14,000 pts + $2
LAX/Vancouver 14,000 pts + taxes(as crossing border)
Many people borrow points from relatives & pay them back when they return. Qantas has standard policies on this-no big deal.
There are plenty of good 3 star hotels in USA.
Holiday Inn Express is cheap & they give you free breakfast(in most cases)
Had no idea about this Travelwiz. Thanks so much!
@nortyjak: yes seems not many people realise this. You can probably use them on intra-Europe flights as well.
Agree. 3 weeks in Vietnam you can live like royalty for $2000, as an example. Especially if you have been to Europe and America already.
If you are at long service, you are well established in your career, so if you want to buy a house, now is the time to do so, even if you aren't a high earner.
And "travel while you are young" is more directed at people who always put it off for retirement, not a way of saying you should have multiple trips instead of buying a house.I went to the states with my partner and we loved it hence why we want to go back, but i'd also like to go to Europe with her too.
You would think with this long working i'd have saved a bit but im terrible, i've pretty much only saved for said holidays sadly. Need a good kick up the butt when it comes to that.
I would always say buy the house first. Rents will continue to go up over time but your mortgage repayments will remain relatively the same. So as your pay increases, you can save some of the difference towards a holiday. Eventually the house will be paid off and you should have a sizeable amount left each pay that will pay for a holiday (not sure how old you are but generally loans are 25 or 30 years though it should never take that long, you should pay fortnightly etc etc etc to reduce term of loan)
I agree. We bought a house while friends went travelling. In the few years or so between us buying and them buying, house prices in Sydney shot up significantly. This could easily have happened the other way (house prices falling perhaps) but if you think the time is right, I'd buy.
Im still going to be a good year or two away from buying is my problem, this is where the dilemma comes in. I do have the travel bug but i'd need to buckle down if im saving for a house
Mortgage repayments will increase if interest rates rise. currently interest rates are falling, but that wont last forever. Just trying to point out that nothing is certain and that making 30 year decisions on short term interest rate movements can be misguided sometimes.
Anyway my vote is: while young enjoy your life rather than entering debt servitude. Once the bank owns you, your quality of life can certainly fall. I spent all my money when young but now own my house outright (bought a year ago). I don't regret my financially frivolous youth for a moment.
Have you sought advice on buying an apartment to rent out? Put a 20% deposit on a place where renters want to live, and either have a small negative gearing to save a bit of tax, or maybe even a slight positively gearing it by getting more rent that the outgoings.
When that's bedded down, start saving for a cheaper holiday where the dollar is better than the US and EU, for the slightly delayed long service.
There's no correlation between being young and travelling, but there is when being say 50 and realising that you will have a bit of a struggle for the next 40 or so years.
In summary - DO BOTH in the the best order!
That does sound like a good solution but sadly im not near the 20% deposit mark, i'd need to keep saving then use my LSL to help out.
I think im just after advice on essentially, if i blow most of my money on travel now, will that make a huge difference in the long run trying to save for a house.
Im thinking maybe a small trip to asia and focus on a house, but a big overseas trip is too damn temptingI'd guess, without knowing any figures, that it would put you back approx say 3 years - however long it would take you to save for a 20% deposit on a very modest place, if you choose the holiday.
Which city are you in? If in SYD, then you may never get enough for property. In which case, you could borrow a much smaller amount and buy into good quality shares.
It's useful to have a good credit history too. Always pay the cc on time etc.
If you have already travelled overseas a few times, maybe settle down and buy a property. Once you bought a few properties, maybe you can start travelling again?
I would say you should get a house/unit or something long term first, worst case, you can't go on holiday until you retire, but if you go on holiday now, and situation change later, you might have problem getting a house etc. A bit dark, but hey, better safe than sorry!
I think travel is such a fleeting experience, so much money spent for such a short amount of time - perhaps it's because we're so discontent with our lives we feel the need to get away from it all.
I don't know, I prefer to spend money on real things that I can touch and use. If I have a couple of thousand to spend, I'd rather spend that on a deposit for a house, so I have a nice place to stay, or perhaps save up for a new car which will provide me with over a decade of service and which I can use for small roadtrips, what about a new computer which will make my work more efficient, new furniture I can keep and use for decades or possibly even save for when I have children.
It all makes so much more sense than travelling. That said, I'm pretty content with life and there's so much to explore which I can get to on a full tank of petrol from where I live (which is metropolitan Melbourne, mind you) that there's no point in big holidays for me. Call me materialistic, call me boring, but I'd rather spend my money on things that last.
You can do both, if you do it right. I have a unit of my own and a car. I prefer to skip the take-away coffee and have a regular amount of money deposited into my travel savings account. Sure, I could buy more 'stuff', but I have wanderlust and enjoy experiencing new places. Last year I did the Everest Base Camp trek. Nothing I've seen a car-trip away could compare (although I enjoy treks in Australia as well).
Before OP cashes in the long service, they should investigate the tax effects of claiming money instead of time.
Fortunately I can salary package at my work and with my lower income the tax shouldn't be too bad at all, most of it could go straight to savings i'd suggest.
Ironically its my last holiday used as a tax write off thats helping me keep my tax down haha
Huh! I couldn't look at this from a more opposite perspective.
I agree there is a certain amount of security needed in life, as others have said, having a house to call home is an insurance policy for later in life, but I find less and less satisfaction from material things.
I spent my 20s accumulating things and buying bigger/nicer houses etc.
In my 30s I started to see that this was becoming a treadmill, and this became more stark as my kids grew.
Now I like to spend my time with friends around a camp fire, or cooking an excellent meal, or travelling somewhere to another culture.
I see "things" more and more as reducing those experiences.
If I get a sail boat (I quite like sailing) I have a new set of chores and obligations.
If I get a bigger house I need to do more housework.
If I get a nicer car I need to wash it, am tense about it getting scratched etc.
My parents inherited a holiday house from my grandmother a few years ago. We had a few great summers up there, but it became a hassle to do the upkeep on a second property as well as their house.
It was a real eye opener to me that increasing affluence brings with it diminishing returns.
I still sometimes pass an old MG on the road and think "I could afford one of those now" or see the river of goods that wash by the front page here every day, but I am trying to cut these things back and do more quality experiences, rather than add more gear to the garage.I still believe travelling is very much all in the mind. It's the whole notion of getting away that is attractive - doing something different, something fun, leading me to believe that it's born out of a certain disaffection or perhaps even discontent with day to day life.
For me, I've been on a few holidays and to be honest, people tout memories and experiences, but I hardly remember anything and these were only within the past decade. I remember no more of my holidays than I do of a book I have read, a movie I have watched or a nice conversation I have had.
If I want a good experience, I'll pay $10 to read a novel and get lost in the words, or I'll pay $15 to go and see a movie or documentary and get lost in the story - there's nothing I can learn on a holiday that I can't from reading, research, thinking and loads of reflection.
I don't think we're on the same tune here - I'm not talking about living audaciously, in fact, the very opposite, I don't like spending money at all, which is why I don't like to travel. When I spend money, I want to spend it on things that will improve my day-to-day life. Having a house increases my security - I know I'll have a place to stay. A car is equally important, but not only that. I'd much rather buy a nice stereo system which I can listen to for years, or a TV I can watch for years, a new guitar or piano that I can actually play for decades…etc.
You get the point - all of these add to my happiness and satisfaction over a period of time, that's why I don't feel the need to travel.
Yeah completely see where you're coming from.
Having said that I dont think you can come close to experiencing things from a book compared to real life.
It's fine to read about European wars and get an idea, but to then visit places and see it first hand is a whole other thing.
The best times of my life were overseas
I agree.
I am 28. I bought my first house at 24. It's a cheap one on the fringes of Sydney as it was all I could afford. I did it up, rented it out and moved into a cheap share house. I bought my second place using the equity in the first as a deposit in January last year, when I was 27. I moved into a nicer share place and I budget hard but it's doable. I worked my butt off from when I was 16 and saved all my money and never took holidays, didn't party through uni but spent all my spare time at my casual job. I earned lots, lost even more (broken relationship… don't ask) and had to start over at 24.
I've just refinanced so I have ~50k i've cashed out from my properties in equity. I can leave this against them, or I can do something with it. The older I get (and I know i'm not old, but i'm 28 and single and have had a bunch of friends have things go wrong lately - healthwise), the less I want 'things'… I want experiences and memories. I want to be able to die now or in 80 years and know that i've experienced the world, i've learned about different cultures, i've tried things I never thought in my wildest dreams I would try… I spent all of my adolescence and early 20s saving so hard for a future I now can't guarantee. I want to say I made the most of life so I would now choose travel.
"It was a real eye opener to me that increasing affluence brings with it diminishing returns."
Till you reach the breakout point and just pay other people to do all the upkeep :D
Sadly its usually only 1% that reach this point.
See Im the opposite, I would rather travel and have the memory of the experience than have some Chinese item That Im going to put in landfill in 5 years, Memorys Last… Experiences Last. They Last a hell of alot longer than anything u buy unless you loose your memory!
If you dont have kids to contend with, DO IT! Travel! Over the last 5 years I have been thoughout SE asia just over 10 times, and 6 years ago I spend 3 months Through Canada,Mexico & Cuba… That 3 months cost me $12k
All the asia trips probally about 20-25k… But Damn do I have some good memory's that I can take to the grave with me, Unlike My House and Car…
I do 2-5 weeks genurally in asia, And go with cheap accommodation, I would rather stay longer than shorter in a expensive flash hotel…In saying that, 3years ago, I finally Bought A house, As my free rent was coming to a end…
https://www.platinum.com.au/Journal/Views/Investing-Sept-201…
These guys are probably the smartest guys in the country when it comes to money.
Why don't you go on a holiday alone and get the partner to stay back and work for the house deposit? Just kidding.
haha i'll run that by her
I note you haven't told us how that went so I'll assume you are dead.
Do both - get a camper van.
This is reading more like a saving dilemma than a travel v buy house dilemma. If your partner works full time as well it is inexcusable to not be able to save large sums of money over longish periods. It's tough to start of with but if you can build a habit somehow and cut the waste from your lives you will be in a position to obtain those quality experiences in life without doing something drastic like burning your lsl to tax on one pay day.
Well seeing as though you don't have a house yet and have already been on holiday overseas twice, you should just increase your savings and think about buying your first property. Time is money.
I didn't travel until I was 29 and had saved a house deposit. So then I spent 10k overseas for a month (Europe and the UK), and then came back to buy.
I do love travelling and wish I could do more of it although I've been back to London another 3 times now in the last 4 years and luckily I can just redraw from my home loan to do it when I take my annual leave.
If I didn't buy a home back then, my rent would be more than my mortgage repayments.
Something to think about.
Prioritize ! House prices & your rent will continue to rise. The amount you spend on a mortgage might be higher than the rent you are paying out now but you will have the security of owning your own bricks & mortar - not somebody elses', who might decide to sell anyway causing you to have to move out.The longer you leave it, the bigger the gap will be between purchasing a property now or later.
Holidays are great fond memories but are not long term as your future security should be. Trips away can be made again once you're established in your own property.
There are deals to be found which involve very little deposit to purchase - especially if the property is new - have you looked into those possibilities?
Probably most importantly - are you ready to commit with your partner in a long term investment? If yes then go for a house - If No then Bon Voyage for your next trip away & continue to line somebody elses' pocket with your hard earned money.Havent really looked into it much at all but certainly will.
It seems to be an overwhelming response to buy first and travel later which does make sense. it appears its wise to hold off on a big trip for a while.
Thanks for everyone's help!Hey, I have just recently (just over a year or so ago) bought a house, got married and now have a baby on the way.
Prior to meeting my wife, I went on huge trips each year (visited all 7 continents). What I do regret is how I traveled. I could have saved a lot more by traveling slightly differently/less expensively and built up a deposit and had a lower mortgage now. I can't see myself traveling for quite a while (not on a big 4-8 week trip anyway) unless we made lots of sacrifices. Don't regret traveling at all. I wouldn't be the person I am without it and probably wouldn't have been as prepared/ready for marriage without learning all the things you do when you travel.
Just something to think of… if you are able to mentally commit to renting long term, you might be better off. I couldn't, so it's not for everyone. Here's an article I read on it: http://barefootinvestor.com/renting-vs-buying-lets-look-home…
I'm really just saying, if you save/invest at least the difference between renting and a mortgage for the time being then you will still be moving forwards. Just don't feel bad that you are renting and please take my financial advice with a grain of salt hahaSo, yes travel while you can! But I believe the most important thing to travel before a house/marriage/kids is do a trip that you couldn't/wouldn't do when you do have a house or have kids. I give the obvious example of Las Vegas. When you're single, Vegas is a very different experience. I went twice before I met my wife. Then went a third time as part of our honeymoon. It was a completely different experience. I loved both. It was very special going there with my wife. I will go there again, with our kids. Will be a different experience again. Think about your bucket list and what you won't be able to do when you have the house, wife, kids and so on and if they are more of a priority for you.
Sorry for the long message, I'm just a very passionate traveler.
I think thats the other big thing for me, if i save for a house and do all that, settle down and have kids, the next time my big trip will happen, will be very different.
I kind of see this as a 'last opportunity to do this while young and not being stopped by anything' if you get what i mean.
Perhaps smaller cheaper asian trips could be a hit, still fun to do, but i'd definitely keen to see more of the world@timthetoolman: Yeah but even if you don't get to do it now, doesn't mean you can't do it later on… just a different experience. So don't worry too much if you don't end up seeing everything you want at the moment. It's not now or never.
But you're in a very good position at the moment where you still have that choice and can just prioritise what you want to see/do.
Just make sure you use as many OzB deals as possible for your travels! lol
I feel the same. The experience of travelling when you're young would be quite different to when you're older.
And for people who love to travel, we know it's all about the experience.
That's why I'm sort of prioritizing countries/experiences that I can only do when I'm young.
Both.
I saved for a house deposit (settling in 2 weeks) and a 3 week trip to Vietnam for both myself and my wife on a single income.
It's hard but doable.
Travel and enjoy yourself. House will be cheaper next year!
LOL
The people that have taken that advice the last decade are kicking themselves for listening to people like you.
So you suggest buying now in this market where currently demand far outstrips supply? Have you seen how much prices have risen? You have to be brave to buy in this kind of market.
I agree, but this has been true for the last 20 years.
There doesn't appear to be any combination of high unemployment and high interest rates on the horizon to prompt lower prices.Land is finite. Population always grows. The RBA and banks will never let what happened in the US in 2008 happen here. There will be no bursting.
Get in whilst there's still some to be got, or miss the boat and rent forever, missing out on the positives from having your own property and being able to rent it out if need be.
The circle jerk of 'the bubble will burst' is preventing people from making smarter fiscal decisions and just helps the passively rich get passively richer when you realise that there's no one else to rent from. Work your ass off now whilst it's still possible to service a mortgage on a single median wage earner (with no dependents). We still have it better than a lot of the 1st world in that regard.
It depends on your age.I recon that sydney property bubble will burst in the next 12-24 months. Unemployment is already 6.5% and will only keep going up. Start saving and in 3 years you will be able to buy a property much cheaper.
exactly
There will not be a bursting of the bubble after what happened in 2008. The RBA will do their best to bring interest rates to 0% before the banks kick in.
Seeing how the banks have most of their assets in other peoples property, it is in their best interests, or even bottom line, to keep that money on paper real than take that hit. They would sooner draw up tables of losing money on monthly interest mortgage repayments than they would take such a hit on an asset after what was witnessed in 2008.
Just because you 'recon' (sic) that they will burst in 12-24 months doesn't mean it will happen. You have to plan for if they don't, and that means increasing rent prices disproportionate to your wage increase. Can't pay it? Someone else can. Want to kick up a fuss? You can write in to your MP to discuss how the rich are getting richer off your backs, and the foreign money is preventing you from owning and also increasing your rent. Then you will get a reply saying thanks for your concern, they know about the issue and will be vigilant in trying to make housing more affordable, then never do anything about it as it would be political suicide. We may have socialist leanings to our democracy, but at heart we are a ruthless capitalist economy where if you can't really make it then you won't really ever make it, but there is a net to support you.
My vote goes for the house. After you've paid a good chunk off the mortgage, decide whether the holiday is worth enough to you to start again on the mortgage.
Maybe you could afford a small holiday domestically or somewhere cheaper say every other year, and have a long term plan for your European holiday(s) for the long-term future. (The planning and anticipation is part of the fun.)
I'd say save for the house. We travel more than my friends (2 overseas trips a year on average) but when we had kids we started doing Asia. We travel cheap and splurge on one off experiences.
To put it in perspective- Our first trip to Europe cost us about $20000 15 years ago. Luckily we had bought 2 properties by then. Those properties have gone up at least 400% in that time but I am budgeting the same $20000 for our European holiday next year (and we have 2 kids now). Travel doesn't seem to go up anywhere near as much as houses. Airfares are much cheaper now and with the internet do it yourself is much easier too.
You say you're renting? I'd save up for a house cause you'd still be paying rent when you're on holidays
ouch, say $400 per week x 8 weeks is $3,200 lost
How old are you?
I would buy the house first and then travel when your more financially free. You have already traveled and I think its time you started focusing on your future. You could be YOLO and spend it all up while your still young and then end up struggling when you older and homes cost more etc.. The earlier you invest the easier it is to grow your net wealth.Travel bro travel. Most amazing thing in life is seeing the world in my eyes!
Once you start paying off the house.It will take a lot from you.
Travel while you still can!
Memory's!!!!
Good luckmemories
It sounds like you have already made the decision to have one last big trip before you knuckle down to homeowner bliss. You're just torturing yourself, done it many times myself. If you're feeling the need to travel so much, then go with it. But, in doing so, strike a bargain with yourself to do whatever it takes to save harder when you return.
Travel as much as you can when young because the experiences aren't able to be repeated when you get older (no matter what you hear). And stop wasting money. Money=Freedom.
Yeah, timbo doesn't really seem to be considering not taking the trip. I mean, he's talking about it but everything he says indicates no desire whatsoever to go for the house.
If I had to place a bet I'd say he takes this 7 week trip, plans to save for the house next year but has another smaller trip instead.
Nothing says quality experiences like financial security. Not sure what your situation is exactly but anything you are doing now can change in an instant. You have been on several trips already so I would not say that you need the trip very much. At this point, it seems prudence would be the better choice. You never know what could happen. I am quite a risk adverse person and at this point, I believe that saving up would do you well in the long run. Also, a bit baised here because I have done quite a bit of travelling and experiencing for my age. All that is left for me to "want" is a trip to europe.
Why not consider Asia? The experience you get is totally different. Bonus is that it's cheaper so you also get savings to put towards your house.
Think long and hard about whether you are ready to take the next step with your partner or not. Unless you are 100% sure that you want to be with your partner for life (assuming you are not already married) then I would avoid buying a house. People on here will say to get in early to pay it off ASAP but especially considering the unaffordability of Syd/Melb property, why burden yourself with such a large debt that will take 20-30 years to pay off. If you do decide to buy a house then really consider you're future ability to service the debt, as rates won't stay at record lows forever.
Everything is good in moderation.
The world is a big place.
You can spend all of your money buying materialistic thing like many have suggested here and living in a tiny bit of it, or you can spend a reasonable amount of money to see what's bigger and more fascinating than your suburb.
Absolutely. And I think after a number of overseas holidays that is why many are saying it might be time to save for a house and see a different, cheaper part of the world, instead of blowing large amounts of money on places already visited.
Take it from me, family and friends.
If you like travelling, you are lying if you keep saying it will be your last, regardless if you want to by a house or have a family.
People I know, including myself broke the holiday promise in about 2 years, after realizing that buying our house was cheaper than renting in the long term, well not as long as we expected.And remember that in 10yrs time your monthly mortgage payment will be less than comparable rent, leaving more left over for travel!
I don't think a holiday will even put a dent in the house deposit. 20% deposit on a Sydney property, you could travel the world 10 times over.
Hi, I haven't read all the comments. This is what I wish I had done -
If it's just you and your other half why don't you go on a working holiday? I know someone who worked in the UK for 3 years solidly. At the end of his stink he holidayed on the way back and bought a house for cash! I don't know what nationality you are but with most passports it's not too difficult to apply for a working holiday visa. Budget well and work while travelling. Your long service leave is just around the corner too! Plenty of time to plan :)……good luck :).
Thought I would add if you did decide to combine work and travel putting your things in storage will save heaps too as opposed to keeping a rental property.
Travel. Once you buy a house you'll be bogged down in maintaining and repaying it.
It's true that you travel while young. Once you reach your mid to late 30s it usually becomes much harder. Costs skyrocket when you include children into the mix.
youve traveled a lot you say, do the house, get in now
Do both. I've done it and still do it. Go and travel somewhere new, keep your memories of where you have been how they are rather than them being changed when you go back.
Sure I've been to the places more than once both with and without my wife. While some things had changed, lots of things hadn't. It didn't sour my experience, but it wasn't as good as the second or third time around.
Personally I love going to new places, experiencing different cultures and everything that goes with travelling the world.
Travel! Live your life.
Don't be a slave to your mortgage.
There'll be plenty of time in the future to buy a house.
If travel is what you truly enjoy, then look at all those trips as an investment.I faced the same dilemma (first world problems!) in 2011. I had even placed offers on a few houses that I kept missing out on. So Feb 2012 my partner and I had a one-way ticket to Vietnam. We didn't have a plan for when to come home or where to go, we just wanted to explore. We ended up spending 10mths overseas in Asia, Europe, Middle East and North America.
When we came home, we moved into a cheap rental and saved for a house. We've now been in our own home for 18mths and have our first child.I am so glad we travelled that way, that far and for that long. It was the most incredible and enlightening time of my life. If you ever get the opportunity to travel, grab it.
It seems the best thing for you to do would be to choose very cheap countries to travel to. That way, you'll spend your time overseas without spending all your money.
You could travel and work like teach English or something, it's not entirel one or the other.
House prices are going down don't but just yet.
I'd be suggesting to buy now and again once (if) prices do go down.
House prices are about to go down. I've been hearing that every month since 2007. Hasn't happened yet. Probably won't happen. Keeping hoping though. I wish Australians would pile money into productive assets rather than basic shelter, but it is what it is.
I wish we'd get over everything has to be productive and get back to basics. I'd rather provide affordable housing for someone than take a punt on the stock market.
working/volunteering while travelling makes for cheaper trips and a much more memorable experience. many of my best memories are from working in hostels (when single) and volunteering at animal refuges(when coupled up) around the world.
House
Prices aren't going down. Holiday will still cost the same whenever and you've already been away numerous times.Once you've bought, that house isn't going up anymore. Save a bit of cash, rent it out, take long service and travel.
The cost of a holiday fluctuates depending on the aud. Going on holidays at the wrong time can add thousands to the trip.
true true … completely forgot about that.
I am a grey hair, and I bought my first house 30 years ago, after I travelled around the world. If I could change anything, I would have bought the house first and THEN travelled. Houses get more expensive, obviously, and travel tends to get cheaper, in real terms. The Aussie dollar is not doing you any favours, but interest rates are low so there is a bit of ground to be made by striking quickly.
Why not do Asia or Latin America for 2 months at 1/3 the price of states and Europe.
I have travelled to over 30 countries, am just over 40 and…… TRAVEL AT ANY AGE makes life worth living.Then, buy a house and in a few years give half of it to someone you hate.
do both. Travel on the cheap. Why not cut it down from 7 weeks to 3 or 4 or so.
Once you have a housing loan, banks are always trying to throw more money/credit at you.
Hard part is finding the house & getting the loan.