- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Help determining how much mortgage I can afford
Posted on 4/16/15 at 1:26 pm to Boondock Saint
Posted on 4/16/15 at 1:26 pm to Boondock Saint
quote:
Also don't just consider the principle and interest. Find out what your property taxes will be. Also your homeowner's insurance will be a part of the mortgage also. Check to see if you need flood insurance. That bit me in the arse.
I was a first time home buyer and didn't really calculate these expenses. It added about $300 a month to the principal and interest. Luckily I could afford it, but it takes many by surprise......
All of that, plus: furniture and window treatments. Okay, maybe you already own all the furniture you need for a while, but a new house generally doesn't come with curtains/blinds. Decent window coverings can run into serious money. Even plastic WalMart mini blinds for a whole house with lots of windows can add up to big bucks.
What I'm trying to say is that owning a house is a whole series of expenses. If you're paying too much on the mortgage 'cause you bought too much house, you will not be able to afford routine maintenance & keep your too-expensive house up to standard.
1
Posted on 4/16/15 at 2:59 pm to hungryone
quote:
All of that, plus: furniture and window treatments. Okay, maybe you already own all the furniture you need for a while, but a new house generally doesn't come with curtains/blinds. Decent window coverings can run into serious money. Even plastic WalMart mini blinds for a whole house with lots of windows can add up to big bucks.
This is absolutely correct. I moved in and realized I had no blinds. I got some nice wooden ones (fairly nice house, didn't want to go cheap) and that was a couple grand right there.
Don't get me started on furniture. You are probably going from an apartment to a house. You will not have enough furniture (more than likely). I bought the essentials (beds for all bedrooms, dining room table and chairs, living room furniture, etc.).
I bought the rest over the years here and there. Apply now for a zero interest credit card (you can usually get a year or so no interest). I put a bunch of shite on that and paid it off without ever paying any interest......
ETA: My house happened to come with a nice fridge. Most don't have one at all........
This post was edited on 4/16/15 at 3:03 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News