The house I bought years ago was 88K. All of the taxes and insurances should be built into your mortgage payment (I don't know it WA is different from CA). My monthly payment was $800 with a 6.25% interest rate.
Don't worry about "30 years". You'll never see it. Not on a first house. I sold my house 2 1/2 years later for 172K (after realtor fees and expenses, I cleared over 50K in profit). The way house prices keep rising, you'll be able to turn a nice profit in a few years and make a hell of a down payment on a bigger better house, and hopefully keep your payments about the same. Ideally in those few years you will be earning more, so the payment may be something you can do on your own, or very easily with a renter.
I'm drinking--that makes me funny right?bejeezusMay 30 2006, 06:22:27 UTC
Won't be through bank. The "mortgage" will be held by wicked aunt. (oops did I say wicked out loud?)
I talked to mom about this and she's upset, you must have talked with her too.
The 6% isn't bad. But the emotional interest bothers me. Also there're unreasonable expectations about the property. I can come up sometime this week and talk with Ella with you.
If you want to buy the property, I'll attempt to help. But you know me--I'm just a lazy booze hound who owes a metric shit ton of money to the whole damn world. OK OK I'll sky down now. The sarcasm is more potent than me thinks is best.
Anywho. I worked on my smutty romance novel for 9 hours today. I have sub-plots galour and a wicked rad selkie protagonist.
If I come up I can pass along the "Blow Me Away." Sex scenes are acceptable but parts leave me wondering if the title shouldn't have been "Blow Me Chunks Away." I kid I kid.
Penn's right about havbing a renter make the mortgage--House boat. It's pricey to dock those suckas.
Comments 2
Don't worry about "30 years". You'll never see it. Not on a first house. I sold my house 2 1/2 years later for 172K (after realtor fees and expenses, I cleared over 50K in profit). The way house prices keep rising, you'll be able to turn a nice profit in a few years and make a hell of a down payment on a bigger better house, and hopefully keep your payments about the same. Ideally in those few years you will be earning more, so the payment may be something you can do on your own, or very easily with a renter.
Reply
I talked to mom about this and she's upset, you must have talked with her too.
The 6% isn't bad. But the emotional interest bothers me. Also there're unreasonable expectations about the property. I can come up sometime this week and talk with Ella with you.
If you want to buy the property, I'll attempt to help. But you know me--I'm just a lazy booze hound who owes a metric shit ton of money to the whole damn world. OK OK I'll sky down now. The sarcasm is more potent than me thinks is best.
Anywho. I worked on my smutty romance novel for 9 hours today. I have sub-plots galour and a wicked rad selkie protagonist.
If I come up I can pass along the "Blow Me Away." Sex scenes are acceptable but parts leave me wondering if the title shouldn't have been "Blow Me Chunks Away." I kid I kid.
Penn's right about havbing a renter make the mortgage--House boat. It's pricey to dock those suckas.
Reply
Leave a comment