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It's that time again How much that mortgage payment going up next year?

Posted on 12/11/24 at 7:41 am
Posted by FLBooGoTigs1
Nocatee, FL.
Member since Jan 2008
57328 posts
Posted on 12/11/24 at 7:41 am
Property taxes increase NO PROBLEM

DAT Homeowners Insurance doe?

GODDAMN

My Homeowners doubled last year and this year?

Let's talk each other off the cliff thread

I will start. Well it doesn't look that far down should I
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53356 posts
Posted on 12/11/24 at 7:43 am to
Just work harder.

You shouldn't have bought something you couldn't afford.

My first house had a 13% interest rate, suck it up.

Maybe try downsizing and putting in some sweat equity.
Posted by RLDSC FAN
Rancho Cucamonga, CA
Member since Nov 2008
56096 posts
Posted on 12/11/24 at 7:44 am to
Homeowners is a major concern for me. Tons of carriers are getting out of CA, so the only one's left are raising prices at an alarming rate
Posted by Jeb Busch Lite
Member since Apr 2016
2467 posts
Posted on 12/11/24 at 7:45 am to
quote:

GetCocky11


Quit being a prick
Posted by Fat and Happy
Baton Rouge
Member since Jan 2013
18698 posts
Posted on 12/11/24 at 7:45 am to
Frick homeowners.

They are helping keep people from being able to afford houses.

That’s why the average folks now can’t afford a house
Posted by Porter Osborne Jr
Member since Sep 2012
42118 posts
Posted on 12/11/24 at 7:45 am to
quote:

Just work harder.

You shouldn't have bought something you couldn't afford.

My first house had a 13% interest rate, suck it up.

Maybe try downsizing and putting in some sweat equity.
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53356 posts
Posted on 12/11/24 at 7:46 am to
quote:

Quit being a prick


Stop being soft. That is the problem with people these days, always expecting to have things handed to them.
Posted by FLBooGoTigs1
Nocatee, FL.
Member since Jan 2008
57328 posts
Posted on 12/11/24 at 7:49 am to
quote:

You shouldn't have bought something you couldn't afford.


Bitch please I bought something I could afford six years ago and also got a 2.25 % rate but the Homeowner's insurance last year doubled a my mortgage went up $350(not a joke) a month and I haven't looked at my new mortgage statement for next year yet. BTW I have been making the most money I have ever made over the last 5 years also. Two hurricanes this past season got me worried.
This post was edited on 12/11/24 at 7:51 am
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53356 posts
Posted on 12/11/24 at 7:51 am to
Sounds like you should move
Posted by notsince98
KC, MO
Member since Oct 2012
20128 posts
Posted on 12/11/24 at 7:52 am to
You mortgage payment shouldn't change unless you refinance.

Did you mean escrow?
Posted by FLBooGoTigs1
Nocatee, FL.
Member since Jan 2008
57328 posts
Posted on 12/11/24 at 7:56 am to
sounds like you should kiss my arse
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53356 posts
Posted on 12/11/24 at 7:57 am to
Yeah it sucks to have those talking points parroted at you.
Posted by LSU1SLU
Member since Mar 2013
7714 posts
Posted on 12/11/24 at 7:57 am to
Wait I am confused. Why does it go up.
Posted by FLBooGoTigs1
Nocatee, FL.
Member since Jan 2008
57328 posts
Posted on 12/11/24 at 7:58 am to
quote:

Did you mean escrow?


Yes you are correct though it is in an escrow.
Posted by stout
Porte du Lafitte
Member since Sep 2006
175830 posts
Posted on 12/11/24 at 8:03 am to
Insurance went up $3500 this year. Taxes about $1000.

If my rate wasn't so low, I would just pay the house off vs worrying about my monthly payment going up to cover the escrow but the money is better served in an ETF.
This post was edited on 12/11/24 at 8:04 am
Posted by llfshoals
Member since Nov 2010
19288 posts
Posted on 12/11/24 at 8:04 am to
quote:

My first house had a 13% interest rate, suck it up.
I bought points to get mine to 13%.

The economy would collapse today if we saw rates like that. Which is a fair description of what Carter was doing to it.
Posted by FLBooGoTigs1
Nocatee, FL.
Member since Jan 2008
57328 posts
Posted on 12/11/24 at 8:04 am to
look below I clarified the mortgage info everything in the escrow went up
Posted by KLSU
Baton Rouge
Member since Sep 2003
10730 posts
Posted on 12/11/24 at 8:05 am to
Learn to code!

Oh wait.
Posted by Pledge
Professional Baw
Member since Sep 2015
1173 posts
Posted on 12/11/24 at 8:06 am to
quote:

My first house had a 13% interest rate


Yeah, it had that rate when someone working minimum wage could afford to buy a house.
Posted by ghost2most
Member since Mar 2012
7515 posts
Posted on 12/11/24 at 8:06 am to
It's only going to get worse. Whether you believe in man made climate change or not, the climate is changing. I don't know why - maybe just a normal cycle, but regardless, there are more extreme storms.

Live near the coast or water? Prepare for floods. Live in a dry climate, prepare for wild fires. Live in the interior, prepare for tornadoes. West coast - earthquakes, tsunamis and volcanoes.

Not really anywhere to hide these days.
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