I'm currently 17 and just enlisted in the Army with a 4 year contract. My girlfriend also did the same, and my best friend (24) of a few years has been saving money for years, and will do so while I'm gone. Doing the math, we would make enough money all together to buy a decent priced two-bedroom home somewhere in the country. My question is: what is the catch? I never understood "mortgages"… If we pay 90,000 hands down, do we pay anything more (apart from utilities) or do we finally just own the house? The question may seem stupid, but I've been unable to get a good answer from anybody.
Read more: I want to buy a house?
