The first mortgage I ever got was 8.25%. And I thought I had timed it great because it had just dropped from 8.375%

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Apr 28, 2024
7:17:45pm

cheezedawg Properly rated

The first mortgage I ever got was 8.25%. And I thought I had timed it great because it had just dropped from 8.375%

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cheezedawg

Bio page: cheezedawg
Joined: Oct 4, 2007
Last login: May 13, 2024
Total posts: 66,471 (16,775 FO)

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Messages

Author

Time

I feel blessed in just about every aspect of my life except the housing market

federer

Apr 28, 6:16pm

It's sucks. Sometimes the luck I had buying when I did seems like the only thing

fattycoug

Apr 28, 6:25pm

Yeah saving the last couple years has not been helpful.

JuicyJam

Apr 28, 6:28pm

Yeah if I had access to a VA loan I would have bought asap. 0 down and no PMI? Seems like a no brainer

Apr 28, 6:32pm

This^^

Apr 28, 6:38pm

Yup. This is how I did it.

justAnotherCoug

Apr 28, 7:39pm

In the same boat - relocating for work and its insane what we cannot afford

Julius Pepperwood

Apr 28, 6:32pm

Where are you relocating to?

Zip

Apr 28, 6:36pm

From utah to oregon

Julius Pepperwood

Apr 28, 6:45pm

A couple hundred a month might not be worth the equity you could pull selling it

kotacoug

Apr 28, 7:31pm

I don’t know how much we could actually pull

Julius Pepperwood

Apr 28, 8:27pm

You’re never seeing interest rates you saw for the last decade ever again.

Apr 28, 6:35pm

I think most people would settle for just the market of 10-25 years ago, too.

Apr 28, 6:39pm

The first mortgage I ever got was 8.25%. And I thought I had timed it great because it had just dropped from 8.375%

cheezedawg

Apr 28, 7:17pm

The forward rate curve indicates that better rates are expected

g$

Apr 28, 6:43pm

I would happily take 5%. That would make a big difference!

federer

Apr 28, 7:15pm

Same boat as you. We were in flux on relocating for work, and got cleared for

Apr 28, 6:44pm

A very wise man recently said "you'll own nothing & be happy". I'm truly

gopman

Apr 28, 7:34pm

You have a good attitude. Honestly a blessing of paying tithing for me has been

NumbersGuy

Apr 28, 7:47pm

This was one of the blessings in disguise for me.

Goliath

Apr 28, 10:18pm

Where are you looking? And have you tried assuming a loan?

Apr 29, 7:48am

Please tell me more. Looking at Charlottesville or Fredericksburg, Virginia.

federer

Apr 29, 12:57pm

Consider Culpeper, VA. Great area in between both F-Burg and C-Ville.

VACOUGFAN

Apr 29, 2:35pm

I do like Culpeper actually. Do you know how the church community is there,

federer

Apr 29, 3:57pm

We have a huge youth program.

VACOUGFAN

Apr 29, 8:31pm

That is awesomely shocking. Housing prices there are much more reasonable than

federer

Apr 29, 9:05pm

VA loan = Veterans affairs, not Virginia

Apr 29, 3:03pm

Haha that's a funny coincidence. I am familiar with VA loans but it so happens

federer

Apr 29, 3:57pm

you need to find an agent that specializes in VA or FHA assumptions

Apr 29, 4:30pm

Or just use the keyword filter on Zillow

Apr 29, 4:36pm

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