<prompt> Human: 23M with a credit score of 660 and net income of about 100K. Im tired of throwing away money on rent and Im unhappy in my current rental house. I want to make an investment and a home. But so many people are advising against this. Im looking at the 125K home price area and can comfortable make the 5 down. Should I try to get the loan even though the interest rate will be high and try to refinance later? Should I wait and save? Any adviceexperience would be appreciated.  <response>: A couple of things1. Renting is not throwing your money away. Run an amortization table and look at the interest principal balance over the first few years. Instead of giving your money to a landlord, you are giving it to a bank.2. Dont view your home as an investment unless you can collect rent from it.3. Work on getting your credit score up. You will be bankable for a better rate.4. Save up 20 to avoid PMI. PMI is just a waste of money.Keep you eye out for property right now, go to open houses and find a good agent. You should be ready to buy in a year or so. 