Hi, I did something foolish and went home early on Wednesday. As you can tell, there's not much to discuss which is why I'm going to repost an email from Kinja regarding yesterday's entry.
This is not true. If you set your mtg payments properly, get a good interest rate, pay your own property taxes and homo, i mean homeowners insurance, and make bi-weekly payments rather then monthly, you will be fine and will still have money to bank.
A home is a guaranteed savings acount. If you buy a home for 110K, you know for a fact, in 1 year, 3 years, 5 years you will sell it at the very least for 130K - the very most 160K. Do the math on what you will put in your pocket.
Renting is just giving some fucking jew cunt a good 12k in his pocket making him richer and giving you nothing to show for it but a letter insulting you and asking you to leave. You are left w/ a few thousand dollars in your bank account and nothing else while still living from paycheck - paycheck.
Do not use a broker, they will screw you and sell your loan off to mortgage companies making you tax year a living hell.
Do not incorporate your property taxes into your mortg like 97% of people do. If you get an interest rate of 6.5% and your property taxes are say, 2,500 you will be giving the mortg company an extra 6.5% on that 2,500 JUST for the convenience of having them mail a check off to your locality. Instead, open an interest earning savings account and earn interest on your money you put away each month to pay your quarterly taxes and stop being fucking lazy!
Same goes for homeowners insurance. Sure, it is only like $33 extra added into the mrtg but the principle applies for above. Homeowners insurance is only like $500 (probably less in CO) for the year and can really be paid in full. That is saving you 6.5% on that $33 dollars for 11 months. Again, do the math
Bi weekly payments allows you to apply more money to the principle cutting your mtg down from 30 years to 15. Monthly payments only put like $100 - $200 if that to principle where bi weekly doubkls the amount applied. Plus, it is easier to half the payment and not so overwhelming.
The only issue is money down because the more money down the less your payments will be. But trust me, if some third world countrymen can come to the US and manage to be a homeowner so can you, once you get passed that fucking negativity of yours.
Put your big fucking balls to use. Buy some roots, get a home and commit to something other then your masterbating for once.
i love you, bye bye!
"God gives great people to people who love greatly."
- Anonymous
