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110%er [7980]
TigerPulse: 100%
Posts: 22420
Joined: 2/27/02
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Closed on my house this morning
Mar 15, 2016, 4:22 PM
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locked in at 2.8% interest rate, suck it nerds!
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CU Medallion [73569]
TigerPulse: 100%
Posts: 78044
Joined: 11/30/98
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fixed?***
Mar 15, 2016, 4:22 PM
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110%er [7980]
TigerPulse: 100%
Posts: 22420
Joined: 2/27/02
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yup, 30 years***
Mar 15, 2016, 4:23 PM
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Oculus Spirit [80978]
TigerPulse: 100%
Posts: 56059
Joined: 9/13/04
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How the eff did you do that?
Mar 15, 2016, 4:29 PM
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I signed my life away for 20 years in Dec for 3.78.
Did you buy down points?
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110%er [7980]
TigerPulse: 100%
Posts: 22420
Joined: 2/27/02
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Mortgage program at my wifes employment
Mar 15, 2016, 5:01 PM
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We can get a mortgage through them, we have to pay at least 10% down. They take the mortgage payment directly out of her paycheck. No credit check and I don't think it shows up on a credit report as having debt, not sure though yet. Very little paper work. The interest rate they offer is based on the going rate minus some set amount.
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Oculus Spirit [80978]
TigerPulse: 100%
Posts: 56059
Joined: 9/13/04
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Thats pretty sweet.
Mar 15, 2016, 5:03 PM
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I think I put down about 40%; didn't help with the rate though.
Meh..doesn't matter--probably won't be here that long anyway.
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Oculus Spirit [78876]
TigerPulse: 100%
Posts: 78623
Joined: 8/2/03
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Where are you finding $12,000.00 homes in Clemson??***
Mar 15, 2016, 5:04 PM
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Oculus Spirit [75673]
TigerPulse: 100%
Posts: 108826
Joined: 10/26/03
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110%er [7980]
TigerPulse: 100%
Posts: 22420
Joined: 2/27/02
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I think she would decline
Mar 15, 2016, 5:11 PM
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and she would have to sell the current house as you are only allowed one mortgage at a time.
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All-TigerNet [11860]
TigerPulse: 100%
Posts: 8584
Joined: 2/2/16
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110%er [7980]
TigerPulse: 100%
Posts: 22420
Joined: 2/27/02
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Orange Blooded [3148]
TigerPulse: 100%
Posts: 3620
Joined: 1/15/09
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What happens if she leaves said employer?***
Mar 16, 2016, 7:58 AM
[ in reply to yup, 30 years*** ] |
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All-TigerNet [11860]
TigerPulse: 100%
Posts: 8584
Joined: 2/2/16
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110%er [7980]
TigerPulse: 100%
Posts: 22420
Joined: 2/27/02
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Oculus Spirit [85088]
TigerPulse: 100%
Posts: 24864
Joined: 5/21/14
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I remember when I locked in at 2.75 for 6 months
Mar 15, 2016, 4:24 PM
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3 months into a "4 month" build and I closed at 11 months with a shiny new rate of 3.375.
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Oculus Spirit [79400]
TigerPulse: 100%
Posts: 63266
Joined: 10/30/05
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I've got 3.25%, but I'm considering burning my house down***
Mar 15, 2016, 4:30 PM
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Oculus Spirit [78876]
TigerPulse: 100%
Posts: 78623
Joined: 8/2/03
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You'll still be paying 3.25% on that piece of land with the
Mar 15, 2016, 5:03 PM
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burned out double wide sitting on it.
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All-TigerNet [11860]
TigerPulse: 100%
Posts: 8584
Joined: 2/2/16
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Double wide? Lets not get too crazy here Phteven***
Mar 16, 2016, 7:56 AM
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CU Medallion [55659]
TigerPulse: 100%
Posts: 35261
Joined: 11/30/98
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Welcome to 30 years of debt. And whatever you do
Mar 15, 2016, 7:21 PM
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DO NOT peek at the amortization table.
But sirsly, congrats. Pay it off ASAP.
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Oculus Spirit [80978]
TigerPulse: 100%
Posts: 56059
Joined: 9/13/04
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I've been thinking about that.
Mar 15, 2016, 7:52 PM
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At this pointg in my life, why do I care if it's paid off? Do I really want to live in the same house for the next 20-30 years?
If I bought a house and financed it for 30 years, chances are I'll be dead (late 70's )by the time it's paid for. At this point, Why would I NOT extend out the payment to be cheaper (for longer), and live in a nicer place while it still matters?
If it gets to a point that I can no longer afford and am still alive, I sell it, take the profits, and move somewhere smaller/cheaper. I mean I could probably sell this house and pay for a house now (somewhere), but why would I want to live in crap hole?
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