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Posted on 6/28/17 at 10:03 am to Broke
And it doesn't matter what size or price home you buy, still just as painful.
Posted on 6/28/17 at 10:17 am to Broke
Wait till you make the first payments and realize only $90 goes to the principal and the rest goes to the interest.. 
Posted on 6/28/17 at 10:17 am to Broke
I used a mortgage broker and dont remember anything difficult. I met with him for about an hour, provided a few documents and that was about it. That was my first home I bought in 2010 though an FHA loan. I'm about to buy again soon so what kinds of issues are you guys having?
Posted on 6/28/17 at 10:19 am to Hangover Haven
quote:
Wait till you make the first payments and realize only $90 goes to the principal and the rest goes to the interest..
Not on a 15 year loan. Granted, I realize that not everyone can take on a 15 year note, but for mine, just over 2/3 goes to principal. Looking at my balance every couple of months, we're making a huge dent. Actually feels refreshing and rewarding.
Posted on 6/28/17 at 10:20 am to Broke
It is because of the way you are paid. I just had to refinance my wife's student loan and it took forever because of how we are paid.
Posted on 6/28/17 at 10:21 am to Will Cover
quote:
Not on a 15 year loan. Granted, I realize that not everyone can take on a 15 year note, but for mine, just over 2/3 goes to principal. Looking at my balance every couple of months, we're making a huge dent. Actually feels refreshing and rewarding.
That's awesome...
Posted on 6/28/17 at 10:31 am to Broke
I always pay cash for my houses.
Posted on 6/28/17 at 10:32 am to Broke
They definitely suck.
Posted on 6/28/17 at 10:34 am to Perrydawg
quote:
they are gonna need a urine and semen sample from you next
Also I would avoid using a credit card or opening another credit account until you have signed about 1273 times on the dotted line
Also, prepare yourself for the important documents they'll forget to tell you about until 25 minutes before you are leaving to go to the closing.
Posted on 6/28/17 at 10:34 am to Broke
Try the VA home loan route if you want to feel even more pain.
Posted on 6/28/17 at 10:35 am to Broke
Refi or buying? I thought you built your forever home a few years back.
Posted on 6/28/17 at 10:38 am to Broke
quote:
Would you rather keep pissing money away on rent?
haha people think you're a peasant
Posted on 6/28/17 at 10:39 am to Broke
quote:
Home loans suck arse
So far I've given the mortgage lender every bit of financial info, my blood type and a kidney. I would rather be bit by a snake than do this again.
Person needing money: Say there....I need 350K.
Lender: Do you? Provide me with plenty of info./proof that gives me a good feeling you will pay me back.
It's all part of it.
Posted on 6/28/17 at 10:43 am to Broke
I just bought a house and it was easy as shite.
I have excellent credicks and am organized doe.
I have excellent credicks and am organized doe.
Posted on 6/28/17 at 10:44 am to link
quote:
if broke is who i think he is, he owns more property around BR than trump does in NYC
Hey Broke, its me - your long lost son
This post was edited on 6/28/17 at 10:44 am
Posted on 6/28/17 at 10:45 am to rondo
quote:
I have excellent credicks and am organized doe.
You also understand the process considering what you used to do
Posted on 6/28/17 at 10:45 am to Broke
quote:
This is a refi to go down to a 15 year loan
Unless you are severely reducing your interest rate this is a sucker move.
Just pay the 15 year payment...and avoid adding closing costs.
Idiot.
This post was edited on 6/28/17 at 10:46 am
Posted on 6/28/17 at 10:46 am to stout
quote:
You also understand the process considering what you used to do
I literally had every single income document to my lender 15 minutes after our initial phone call.
This post was edited on 6/28/17 at 10:47 am
Posted on 6/28/17 at 10:48 am to rondo
You moved back to BR?
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