Random Thread

[Dudermagee]

eh fuck gettin a new car atm
I need to start looking for an LSX motor

also have to finish building that other set of wheels :/

[Francois Dillinger]

PA is kind of too far for the roads I would have to take. VA is way over-priced. Similar to MD.



Yes. I'm not looking for a mansion, just something nice and not a complete rip-off (aka most of MD at the prices they go for)

Word. Good investment right now too. Do you qualify for an fha loan or are you putting 20% down?

eh fuck gettin a new car atm
I need to start looking for an LSX motor

Lol.

[jdel]

Word. Good investment right now too. Do you qualify for an fha loan or are you putting 20% down?


Lol.

I will actually be getting a VA loan so I won't have to put anything down.

[Francois Dillinger]

I will actually be getting a VA loan so I won't have to put anything down.

Jelly.

[180roman]

I would have to pay 5-600k at least to "upgrade" to a house in MD. The WV houses were all built within the last 10 years and to get in that price range in MD I would have to pay a shit ton of money.

Ah ok.

What are the mortgage lending term over there? 20-30 years?

[Francois Dillinger]

Generally a 30 year, some do 15.

[jdel]

Ah ok.

What are the mortgage lending term over there? 20-30 years?

Generally a 30 year, some do 15.

It would be a 30 year.

[180roman]

Generally a 30 year, some do 15.

Similar to here i guess, the common is 25 years or 30 years

hmm, I'm probably going to go with 30 years loan here.

If i rent the house out for the first 5 years and dump any money from rent into the mortgage, I can cut 10 years off the loan and save about $100k of interest ( looking at a $350k loan)

[180roman]

It would be a 30 year.

If you pay $2k per month at 4% interest on a $250k loan, you should have it paid out way before 30 years

[Francois Dillinger]

2k a month is like a 600k loan...

[180roman]

2k a month is like a 600k loan...

Yeah thats the point though, if you pay $2k on a $250k loan, you'll have it paid out in no time and save a shitload of money on the interest

Damn your cheap interest rates and houses, I will need to be paying a minimum of $2k per month for a $350k loan :/

[Dudermagee]

2k a month is like a 600k loan...

I wish.

[180roman]

I wish.

I'd guess $400k

[Francois Dillinger]

I wish.

it is, roughly. not including mortgage insurance, prop tax, etc.

[Dudermagee]

it is, roughly. not including mortgage insurance, prop tax, etc.

600k @ 4% over 30 years is about 2850 a month.