My mortgage - FML | Page 2 | TigerDroppings.com

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CajunAlum Tiger Fan
LSU Fan
The Great State of Louisiana
Member since Jan 2008
3222 posts
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re: My mortgage - FML


quote:

You are going about the process all wrong, and you are essentially buying a car based on the monthly payment, rather than the cost of the car. No one should buy a house based on the monthly note alone, and the fact you include PMI means you have little to no down payment, which means you have decided to spend your money thus far in life rather than save money responsibly to prepare for home ownership.









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tirebiter
LSU Fan
ATL
Member since Oct 2006
5243 posts

re: My mortgage - FML


quote:

This guy gets it, 1 week's pay / 4 weeks per month = 25% maximum gross income to housing costs.



He gonna be feeling rich during the 4-bonus weeks unaccounted for......

I am firmly in the 20% DP camp, though.






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bojabu
Member since Sep 2010
1275 posts

re: My mortgage - FML


Damn, by Go Irish's numbers my wife and I could be in a $400k home.... think I'll pass.





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KG6
LSU Fan
Member since Aug 2009
2771 posts

re: My mortgage - FML


(no message)


This post was edited on 11/29 at 3:08 pm


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