- 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: 15 or 30 year loan for a home? Pros and Cons?
Posted on 12/12/07 at 11:07 am to Ziggy
Posted on 12/12/07 at 11:07 am to Ziggy
Yes credit counseling is worse than BK because your credit continues to go bad because the majority of lenders just stretch out the debt. Also, it is usually just a stop gap on the road to BK. If you file Ch7, then you can't file again for 10 years so you have just become a better risk.
0
Posted on 10/31/08 at 9:20 pm to Afreaux
let me know if you need help with your mortgage question
Posted on 10/31/08 at 10:21 pm to Afreaux
I took a 15 year loan, paid it every other week and that will cut it down to 12yrs. 8 mths.
I ended up paying it off in less than 10 years. I didn't go to a bank. A buddy of mine gave me the loan, cost me $250. to get the paperwork done at the lawyers office.
I ended up paying it off in less than 10 years. I didn't go to a bank. A buddy of mine gave me the loan, cost me $250. to get the paperwork done at the lawyers office.
Posted on 11/1/08 at 1:58 am to Ziggy
quote:
I was fortunate to have GREAT grades in HS and got a scholarship to colelge.
Something's not right here. J/K Sorry, I had to.
This post was edited on 11/1/08 at 1:59 am
Posted on 11/1/08 at 7:18 am to MikeBRLA
quote:
no prepayment
since when? when i paid off my mortgage for my house, i had a pre-payment penalty. this was 1 1/2 yrs ago
Posted on 11/2/08 at 9:30 pm to rmc
quote:
I stopped paying on 7 years ago.
quote:
Just remember that if they ever do get a judgment on you
Just curious....Isn't there a statute of limitations on collecting a debt?
Posted on 11/2/08 at 9:33 pm to rmc
quote:
But if they've initiated proceedings
What does that mean?
Posted on 11/2/08 at 9:46 pm to rmc
So they would have to file the lawsuit before the 3 years was up?
<----doesn't know jack shite about lawyerin.
<----doesn't know jack shite about lawyerin.
Posted on 11/2/08 at 9:54 pm to Tiger JJ
quote:
In other words, always take the cheapest, longest-term leverage you can find.
Or no leverage at all
Posted on 11/2/08 at 10:36 pm to Afreaux
Just buy the house, use the house payment money for drugs instead of paying for the house, and then blame Bush when the mortgage goes under. After all, you bought the house when Bush was president, so it was obviously his fault. 
Posted on 11/2/08 at 10:44 pm to GeneralLee
Isn't it amazing the help he's gotten on this thread from evil conservatives who want to keep everything for themselves?
Posted on 11/3/08 at 12:35 am to Afreaux
quote:
I guess if I have a choice between paying someone $600-$800 a month that's going into a black hole, or paying $700 a month that would actually go towards an investment, I'd rather make an investment.
These are the famous last words of a lot of poor people
I'd say if you can't afford the 15 year loan you can't afford the house. This shouldn't even be a question. Paying 600 a month for 360 months as opposed to paying 840 a month for 180 months...
The total cost of the loan is vastly increased. I would say rent until you can save enough to where you can put a down payment large enough to where the 15 year loan is 600 a month.
Posted on 11/3/08 at 6:26 am to Powerman
Was there a point in bumping a year old thread? Anything from last year is outdated considering the revenue I've generated this year.
I got things in order with the student loan people at the start of the year, and I'm very happy with my condo, everything worked out.
I got things in order with the student loan people at the start of the year, and I'm very happy with my condo, everything worked out.
Posted on 11/3/08 at 7:29 am to Afreaux
quote:Probably so.
Was there a point in bumping a year old thread?
Glad things are working out for you Afreaux.
Posted on 11/3/08 at 8:28 am to novabill
Steve Weissenberg or Richard Derbes.
Posted on 11/3/08 at 9:23 am to Afreaux
quote:
Was there a point in bumping a year old thread?
Looks like it was done by a really desperate mortgage broker, trolling for any possible business he could find.
quote:
Posted on 10/31 at 9:20 p.m. to Afreaux)
--------------------------------------------------------------------------------
let me know if you need help with your mortgage question
First post after your last one from 12/12.
Odd, to say the least.
Posted on 11/3/08 at 10:12 am to Afreaux
I don't remember this thread at all. But let me just say that your uber-support for Obama certainly seems to be a 100% contextual fit.
Posted on 11/3/08 at 11:09 am to Tiger JJ
quote:
I don't remember this thread at all. But let me just say that your uber-support for Obama certainly seems to be a 100% contextual fit.
Posted on 11/3/08 at 11:52 am to Tiger JJ
quote:
I don't remember this thread at all. But let me just say that your uber-support for Obama certainly seems to be a 100% contextual fit
Man, I thought the exact same thing, but was scared to say it
Posted on 11/3/08 at 2:58 pm to Afreaux
quote:
Was there a point in bumping a year old thread?
I didn't bump it nor did I pay attention to the dates
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News