Don't overdo your down payment. If you spend all your money in a down payment, you may not have enough to do the improvements you want. The rule of thumb is if you are moving into a fixer upper, go for 10 percent down.
Don't rush into your home loan, as there are dozens of types. The strategy that you develop for the type of loan you want depends on where you see yourself in five or 10 years. Managing your debt payment with an interest-only payment will give you an opportunity to save that money for retirement or save it for a college fund.
I was sent as a missionary from the . to Spain in 1991. THe church that sent me had no resourses and there was no ecconomic support at all. we just knew it was Gods will. I was able to establish two congreations at that time as a full time minister. I have been working in the ministry ever since and 20 years ago I relocated to a small spanish town where I have served the local churches and missions in India. I have just taken over the pastoral role of the church where we have been members for the last 11 years. The church is small and has a commitment to pay rent for the building where we meet. I would not even expect the church to pay me a wage at this point in time. I am working to support my family, I would love to be a full time missionary again and I am investigating ways to raise funds so I can be free to serve Gods people full time.
Thank you so much for your advice.