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Hey party people i am a mid 20's entrapanier and i recently bought my first pad.
i think i got a mondo deal!
i put 25k down on am $149k house and my morgage is $1749 for 30 years FIXED. i took atvandge of the good market and soliticified my future and my childrens future aswell. the man who sold me the house said he gave me the best deal possible and said i am in a great position
i live outside of Denver in a really rich neighborhood. my question is is this a good deal and is yours similar?
Does that payment include your real estate taxes and your home-owners insurance? The payment sounds really high to me. What is your rate?
my contract didnt work out like that. the guy who sold me the house was what he called a "independent" salesman and the contract simply says i pay "$1749 for 30 years FIXED".
every month he comes and takes $1749 from me and i live in the house. i came across money and have never been good with numbers or school but the deal sounds so good to be true thats why i jumped on it.
Location: central, between Pepe's Tacos and Roberto's
2,086 posts, read 6,848,281 times
Reputation: 958
So the owner financed $124,000, you're paying almost $1800 a month, have no idea if the taxes are being paid, and do not have a homeowner's insurance policy in your name (if you did you would know whether or not the insurance is being paid)?
I don't think it needs to be said but no, you did not get a good deal. You should have taken the time to educate yourself a little before getting in over your head, which undoubtedly you are.
Location: Visitation between Wal-Mart & Home Depot
8,309 posts, read 38,779,335 times
Reputation: 7185
Quote:
Originally Posted by Traveling Alone
Hey party people i am a mid 20's entrapanier and i recently bought my first pad.
No one will want to invest with you if you don't learn to spell "entrepreneur"
Quote:
Originally Posted by Traveling Alone
i think i got a mondo deal!
Mondo? Really? I mean, really?
Quote:
Originally Posted by Traveling Alone
i put 25k down on am $149k house and my morgage is $1749 for 30 years FIXED. i took atvandge of the good market and soliticified my future and my childrens future aswell. the man who sold me the house said he gave me the best deal possible and said i am in a great position
You did great.
Quote:
Originally Posted by Traveling Alone
i live outside of Denver in a really rich neighborhood. my question is is this a good deal and is yours similar?
A really rich neighborhood where the houses cost $149K?
What a waste of my precious 15 seconds of boredom......
But the last picture made up for ALL of it, so thanks Norsky
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