Are you saying the mortgage payment would be $1,200? If so, keep in mind that actual ownership costs can be about 40% more than that, so more like $1,700/month when you add in insurance, taxes, maintenance and repairs. Plus a bigger place means more furniture, window treatments, higher utilities, cleaning costs, etc.
I agree that if you were rid of the CC debt, that would help tremendously (and it would raise your credit score), but until that is the case and you are saving money every month, a house just isn't realistic. Once the CCs are gone, you could save that $15,000 downpayment in about 2 years. Faster if you find other expenses to cut. Maybe then looking at home ownership might be more reasonable.
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Steve
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