tag:blogger.com,1999:blog-1233623794741521754.post8235217312764939312..comments2023-10-26T05:29:26.026-04:00Comments on Sallie's Niece: Mortage Lender Says Ha Ha Ha!Sallie's Niecehttp://www.blogger.com/profile/03662769521869035227noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-1233623794741521754.post-12135993504495815742008-09-01T06:44:00.000-04:002008-09-01T06:44:00.000-04:00Hi,I visited your blog and found an informative on...Hi,<BR/><BR/>I visited your blog and found an informative one for finance related topics.I have also some finance related web sites <BR/><BR/>on finance.So,I think it would be beneficial for both of us if we will join in a community and become link partners to <BR/><BR/>each other which will help your blog/site in getting more Google values.If you are interested then please contact me <BR/><BR/>at- marksmith(at)savedude.comGlobal Financehttps://www.blogger.com/profile/11216786762288183737noreply@blogger.comtag:blogger.com,1999:blog-1233623794741521754.post-57395939265844998192008-06-20T09:55:00.000-04:002008-06-20T09:55:00.000-04:00My house came with equity because the value of it ...My house came with equity because the value of it was higher than what was mortgaged on it. Basically if I would have turned around and sold it for the value it was at, I'd make money off of it. Instead we stayed there and now 2 years later I most likely owe more than my house is worth. It's a little depressing but every mortgage payment I make helps balance it out a little bit more. Property taxes also are a pain in the butt too because while the house value isn't going up, yet the taxes I pay each year do. There's a lot of stuff you have to consider when buying, not just the mortgage payment.Jim ~ mydebtblog.comhttps://www.blogger.com/profile/12831157334066115572noreply@blogger.comtag:blogger.com,1999:blog-1233623794741521754.post-16856516241098339302008-06-19T17:05:00.000-04:002008-06-19T17:05:00.000-04:00nonononono :) This market is not a GREAT market to...nonononono :) This market is not a GREAT market to buy. It is going to go down even more. Foreclosures everywhere it is a buyers market. Also buying home with these fancy loans not a good idea. I say at least 10% better 20%.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1233623794741521754.post-6166115939538032132008-06-19T16:48:00.000-04:002008-06-19T16:48:00.000-04:00Yeah he doesn't need my help to buy it (though I d...Yeah he doesn't need my help to buy it (though I did offer to do the closing for free!) but it would mean adjusting his (our?) lifestyle a tad. How does a home come with equity BTW? I don't know everything about the process (though I took a class last summer when I was considering it for myself).Sallie's Niecehttps://www.blogger.com/profile/03662769521869035227noreply@blogger.comtag:blogger.com,1999:blog-1233623794741521754.post-65989960497490856012008-06-19T16:41:00.000-04:002008-06-19T16:41:00.000-04:00Right now is a great time to buy a home, as long a...Right now is a great time to buy a home, as long as you have money. I bought my house 2 years ago and was able to get around the 'down payment' situation by doing an 80/20 loan. My house came with about 5% equity so I was borrowing less than the house value at time. Fast track today and I doubt I could sell it for what I currently owe. Don't buy a home, condo, duplex, single family, without having some money for a down payment AND an emergency fund. Right after I moved in and we got to summer the AC was broken. Lucky for me with a background in electronics I was able to crack that puppy open and replace a part some places charge $100 bucks for only $3 from an electronics supply store.<BR/><BR/>Another word of advice is if he buys a house, make sure he doesn't need your help to do it. It protects both of you becoming stuck in a mortgage and such. Start saving up and maybe he'll be ready to purchase later in the year. BTW that drink reminds me of something I got at the swim up bar in Jamaica.Jim ~ mydebtblog.comhttps://www.blogger.com/profile/12831157334066115572noreply@blogger.comtag:blogger.com,1999:blog-1233623794741521754.post-87436699620189973592008-06-19T16:03:00.000-04:002008-06-19T16:03:00.000-04:00Yes Chicky, I'm mostly glad I didn't do that also ...Yes Chicky, I'm mostly glad I didn't do that also though I wish I had wised up to my finances a year ago. It sucks paying rent every month when for the same amount I could be building wealth.<BR/><BR/>As for Boyfriend, he has learned there is no easy way into home ownership available right now and is committed to saving. <BR/><BR/>And Penny, you can have that drink for $8 (+ a plane ticket haha)!Sallie's Niecehttps://www.blogger.com/profile/03662769521869035227noreply@blogger.comtag:blogger.com,1999:blog-1233623794741521754.post-11542010498728870152008-06-19T15:56:00.000-04:002008-06-19T15:56:00.000-04:00That drink looks fabulous. That is exactly what I...That drink looks fabulous. That is exactly what I need/technically "want" right now.pennypincherhttps://www.blogger.com/profile/15775800567627302784noreply@blogger.comtag:blogger.com,1999:blog-1233623794741521754.post-59986331740775784642008-06-19T15:50:00.000-04:002008-06-19T15:50:00.000-04:00I meant to say it is not going to be easy to save ...I meant to say it is not going to be easy to save 70K:)I wish it was easy :))Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1233623794741521754.post-83330532149377943242008-06-19T15:49:00.000-04:002008-06-19T15:49:00.000-04:00First off, I am so gald you dint get into subprime...First off, I am so gald you dint get into subprime mortagage mess last year with 80K mortgage. Secondly, If your bf doesnt have 3%, he is NOT ready buy anything.I dont really understand how people think that they can buy a house with no downpayment or min. and be better off.We are not planning to buy a house without 20% downpayment which is 70K. It is going to be easy but we have a plave we will have peace of mind.I can not still believe your bf even considering buying a place...Anonymousnoreply@blogger.com