When is it time to buy?Hi all,Exciting site for sure! I'm a story of a lost soul found and slowly being repaired. Sadly, I didn't know much about credit as a young man and I wasted away my credit. Thankfully in my 30's I woke up but really had no idea what to do. Here I am on the cusp of my 40's and looking to buy a home.I married an amazing woman, her credit score is around 810. No joke. My credit score is just a tad over 500. Yeah, I know. I have pulled my credit report and there is a 100 here, 200 there, 1000 over there. Nothing I can't pay off quickly. I have 0 credit card debt and my wife has about 6k in credit card debt.Combined we make about 150k a year, have about 2k in bills every month. That includes a car payment, business class internet, etc. We pay 1,500 in rent right now. What should we be doing to prepare for a home? I have done the mortgage calculators and if we saved 20% it looks like we could easily fit into a 400k home. But 80k is nothing to sneeze at. I'm lost in all this, and could use some sound financial advice on how to proceed. I have some lofty goals and really, I have waited 20 years to buy a home, what's another 2 or 3 years to save?Thank you all for your advice and help!December 27 2011 - Littleton00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.