Mortgage Bros Resume Winning

[Anonymous No.54172387]

Post your rate, house price, and plans for when QE really sinks in

[Anonymous No.54172414]

5%, 300k, gonna move toward the east coast
im tired of my polluted shithole town, where all the historical architecture was torn down for highways

[Anonymous No.54172422]

>>54172387
If you don’t edge your driveway and walkways, you shouldn’t be allowed to own a home. Just mowing isn’t adequate

[Anonymous No.54172442]

>>54172422
this reminds me, I also need to move out of the HOA system, to avoid snobs like you

[Anonymous No.54172486]

>>54172442
Go live in a pod with the climate migrants in the bug cities

[Anonymous No.54172852]

>>54172486
Absolutely based.

[Anonymous No.54173356]

>>54172387
>Saved up about 65k while living with mommy
Am I gonna make it bros?

[Anonymous No.54173390]

>>54172387
2.3% 30 year fixed

[Anonymous No.54173509]

>>54172387
Housing won't crash most people bought before covid inflation. Now we are heading into another inflationary period by bailing out the banks.

[Anonymous No.54173647]

1.69% $530k in honkistan. Mortgage matures in 3 years. I have $200k invested, and another $300k in cash. I just need to wait for my mortgage to expire until I pay it off. My home is worth around 2 million.

This is my forever home. I intend to die here. Once it’s paid off I’ll take two mortgages to buy condos for my children so it can become their down payments in 20 years.

[Anonymous No.54173715]

I only owe 150k on a 500k Zestimate, I am wagmi

[Anonymous No.54173770]

Market finna be static for a while.

[Anonymous No.54173837]

>>54172387
Explain to a financial retard like me please. How do I profit from this? I have two small children and a wife. Do I go out and buy the nicest house/neighborhood I can afford?

[Anonymous No.54173874]

>>54173837

Why would you buy the peak of the biggest bubble in human history?

[Anonymous No.54173888]

>>54172387

18%
$1,800,000
SURVIVE

[Anonymous No.54173926]

If I ever one day make it I will get a house with a nice garage.
So my car can stay nice and warm when it is cold outside.

[Anonymous No.54173966]

Mfw no mortgage

[Anonymous No.54173997]

>>54172422
I dont mow
I dont water
I dont rake the leaves

[Anonymous No.54174012]

>>54173390
Based chad.

[Anonymous No.54174045]

Purchase price: $1.1M
Interest rate: 6.5%
Property tax: 2.3%
Term: 30y fixed
Down payment: 270k
Payment: $8,500/mo

Plans: going to buy some more gold coins today. Cryptocucks seethe and cope

[Anonymous No.54174054]

Lmfao an entire thread of retards boasting about how much debt they're in.

[Anonymous No.54174103]

I have a 2% mortgage and love my house
seething rentoids

[Anonymous No.54174128]

1,29% 10yr fixed almost chad if it wasn't for a cuckpartment

[Anonymous No.54174151]

>>54172387
3.875%, 150k, see what escorts are doing outcalls in my area

[Anonymous No.54174161]

>>54174054
Post cash purchased home or fuck off

[Anonymous No.54174171]

>>54174128
You are getting paid to live there

[Anonymous No.54174242]

>>54174171
I too can't comprehend how could the banks be so retarded. An average facebook qtard or r/donald plebbitor had seen the hyperinflation coming

[Anonymous No.54174297]

>>54174045
What a hideous construction. Your architect deserves to be drawn and quartered.

[Anonymous No.54174331]

>>54174045
that house looks like a miniature embassy suites hotel lol

[Anonymous No.54174382]

>>54174045
just looked it up. looks comfy and in a pleasant area.
what made you feel the price increase from the last sale price of $700k on Nov 19, 2021 was justified? was there a lot of work done to warrant a $400k price hike?

[Anonymous No.54174386]

>>54174297
>>54174331

Don’t care. I love it to death. It’s a custom period piece circa 1985 of postmodern perfection. Everything built to the highest standards of quality, unlike the cuckbarns built today. Solid oak floors, solid oak built-ins everywhere, 5/8ths drywall, solid mahogany garage doors, etc. Its exquisite.

[Anonymous No.54174407]

>>54174382
It was an estate sale at the time and needed some major work. I paid true market value for the area

[Anonymous No.54174418]

>>54172387
3.5% @ 600k. I don't really try to time the market or anything. Even though I only bought the place a couple years ago, it's a condo in the city, so I'm going to dump it this year and buy a house in a more rural area.

[Anonymous No.54174448]

>>54174407
gotcha, sounds about right. that was clear price dip in the history. nice piece overall.
did they throw in the hand chair too?

[Anonymous No.54174468]

>>54174386
Good for you anon. At least you're enthusiastic about it. I'm also happy you're buying gold.

[Anonymous No.54174477]

>>54172387
3.625%, 195K and 6 acres of rural texas land.

feels good. I grew up in the country and left for DFW years ago. fuck the city. too many niggers and greed realm just stinks in the city. nature is best. I plan to die out here.

[Anonymous No.54174482]

>>54174448
Lmao no I wish. They left a few things but the handjob was gone. Glad you like it, it’s polarizing for sure but that’s my style

[Anonymous No.54174518]

>>54172387
I finally bought the dip bc I listened to you guys. I was a seething rentcell. always lied to myself with "yeah well at least im putting more in my brokerage account than they are". so late 2022 - I had my eye on a house in a nice sought after zip code. I saw it on the market and no one bit. they lowered the price. I waited some more. they lowered it again and I thought what would my biz chad bros do? so I made an offer and now I log on and see the value is going back up.

do any other home-chads here notice the respect ppl give you for owning a property?

im also saving so much on expenses. in apartment I had to always be purchasing out bc kitchen was tiny. now I can grab food in bulk and have huge kitchen to cook in. I rarely leave the house and for a guy who watches every dime, thats a good thing!

[Anonymous No.54174521]

>>54174054
get your ass to the how much is my rent thread.

[Anonymous No.54174549]

>>54174482
it looks like a really enjoyable place to live. definitely a fan of the style as well. the landscaping really compliments the architecture as well.
not to mention you're far enough away from the city, but close enough if you absolutely need to go there. smart buy.

[Anonymous No.54174566]

>>54174518
welcome to the club.

[Anonymous No.54174580]

>>54173390
Dang it I only have 2.55 lol

[Anonymous No.54174608]

>>54172422
>If you don’t edge [...] you shouldn’t be allowed to own a home.
I agree. Gooning should be mandatory when you apply for a mortgage.

[Anonymous No.54174646]

>>54172387
2.625
400k up from 330k 2 years ago
Just holding, stacking cash and crypto

[Anonymous No.54174652]

>>54174549
Thanks! I did the city life thing for awhile until BLM started lighting fireworks in my neighborhood. Got to somewhere more chill

[Anonymous No.54174682]

Ahhhhh finally, a containment thread for
>"home"
>"owners"

[Anonymous No.54174717]

>>54174652
that is the move my friend. i've had to move around the country for work the past 4 years so i haven't been able to purchase. once my contract gets extended this year i'm going to buy and get out of the city asap

[Anonymous No.54174750]

>>54172387
>there are people who unironically missed out on free money, with interest rate below inflation.

[Anonymous No.54174791]

>>54174448
Looks cool. Where is it located? Love the outdoor areas.

Me:
5% 30 year fixed
$600k purchase.
$300k down.
$2k/month PITI.

Live on a lake surrounded by trees in a rural community about 30 mins from a medium sized city. Still have very large crypto bags. Max comfy.

[Anonymous No.54174869]

>>54174791
$300k down on a 600k house my man. Good shit

[Anonymous No.54174945]

>>54174791
wasn't my house, i only looked it up. it's in Ohio, nice area.

[Anonymous No.54174988]

>>54174477
to add realtor.com says mine is est at about 300k now. Sounds about right after looking at zillow and the available places with 5-10 acres.

[Anonymous No.54175026]

4%, 30 year fixed, 200k, 10k down. Am I retarded, poor, or both?

[Anonymous No.54175043]

>>54175026
You’re good bro

[Anonymous No.54175064]

You mortgage cucks are the worst.
Your houses will drop 50% MINIMUM in value and I'll be back to laugh and laugh and buy your generational home for pennies on the dollar.

[Anonymous No.54175080]

5 years ago I was homeless and broke. I now have a 4 bed 2 bath modest home at 2.5% interest 30 year fixed with a few cars I own outright.

Great thing about moving to America and showing determination is that you can achieve anything if you put your mind to it.

I know it’s not perfect but it’s my slice of the American dream through my blood sweat and tears.

T. Ex Brit who’s living the dream

[Anonymous No.54175092]

>>54175064
You don’t lose if you don’t sell. Could have said the same in 08, and look how it worked out for ppl who didn’t move

[Anonymous No.54175111]

>>54175080
Based whitepilled British muscle car owner

[Anonymous No.54175141]

>>54175092
this. there are plenty of retards who overpaid and are overleveraged and also many retards who suddenly got into homeflipping and are abysmal at it. same thing in 2008. but there are also a lot of people making smart buys and have solid plans to care for their property long term.

[Anonymous No.54175149]

>>54174045
You did budget for archers and a moat right?

[Anonymous No.54175156]

>>54175080
Sup Link

[Anonymous No.54175180]

>>54172387
>5.75% 5/5 ARM, was 3.75 it just went up 2% and is locked in for 5 more years inb4 brainlet it was a 1st time buyers deal, no PMI, less downpayment
>115k in semi rural midwest bought in march 2018, i owe 78k remaining
unsure of plans moving forward desu

[Anonymous No.54175194]

>>54175026
you're good. not renting and if you plan to live in your house for years to come, you're set. i was a poorfag and got a low income product from a regional bank. I didn't have to put any money down, It did give me a higher IR though. I would have got a 3% with putting money down but without no down I got 3.625. lucky desu. I'm still a poorfag and have to work harder at 1099.

[Anonymous No.54175212]

>>54175080
based britbro, how did u make it?

[Anonymous No.54175215]

>>54175180
fuck just reminded me I don't have PMI. i got so lucky bros. no PMI and I didn't even put money down. i got the best low income product ever from prosperity bank
https://www.prosperitybankusa.com/HOPP

[Anonymous No.54175270]

>>54175080
Those things gulp gasoline. Want.

[Anonymous No.54175317]

>>54175212
Sheer determination after my divorce as I lost everything, worked hard and saved. Listened to my own thought process not others. All my friends at the time thought I was fucking stupid for buying a house in the middle of covid but rates were so fucking low I knew it was now or never. Built my credit and lived frugal. I may have made it now but I still live on a budget and keep to it.

[Anonymous No.54175348]

>>54175270
Not really. The v6 is good on gas at the RT has some speed. I wasn’t dumb enough to get the scat pack as they suck gas harder than a motel hooker sucks cock

[Anonymous No.54175356]

>>54175317
yeah all the faggots that told us we were buying the top in 2020/2021 were wrong. I went into closing april 2021 and it was perfect timing. Rates aren't going to to be back there in a while and prices keep going up in Texas.

[Anonymous No.54175376]

>>54175317
Nice. Glad to see things working out for you.

Covid was one of the best time to buy in a really long time. No bidding war like post covid and still record low rates.

[Anonymous No.54175405]

>>54175356
You’re not wrong mate, best decision I ever made. I don’t ever care about the equity or value of it. It’s my home that provides shelter no matter what. Ever though pic related shows I may have some equity doesn’t mean I’m ever selling here in Texas.

[Anonymous No.54175442]

>>54175376
Actually kinda wrong. I was about bud in all the homes from cali fags flooding the state. My realtor told me to buy a brand new build which was fantastic as I didn’t have to haggle price and closing costs were paid buy the builder directly. The house also came with warranty which gave me peace of mind.

[Anonymous No.54175702]

>>54175317
>Sheer determination
Sheer determination doesn't get you a visa or citizenship when you're moving from the UK to the US, particularly as a homeless, particularly in that time frame

>t. Former homeless

[Anonymous No.54175843]

>>54175702
No but being married gets you a green card when you do it under the right reasons

[Anonymous No.54175856]

>>54172387
£430k, fixed 1.6% 2 years. I’ll be getting fucked over in 2024, at that point will probably let it and rent a cheap rural house

[Anonymous No.54175926]

>>54175215
yea i had to take the ARM to get that, which kinda sucks as stated it went up recently - but doesn't go up again for 5 yrs and can't go up by more then 2% each 5

[Anonymous No.54177303]

>>54172422
>Der Boomer

[Anonymous No.54177682]

>>54173647
How are all the houses in that shithole a million plus? Do your burger flippers make 300k a year?

[Anonymous No.54177718]

My mortgage rate was 6%
House was little over 200K

oh wait my mortgage application was rejected so it literally doesn't matter. If I'm lucky I'll find a used trailer to move into.

[Anonymous No.54177731]

>>54175926
i worked at a bank and all the big ballers had 10 arm loans at 1.8%. they'd pay them off early before they ever adjusted though. just pay it off asap and enjoy cutting the jew bank of their IR profits. I'm locked in at 3.6 for 30 years and plan to try and kill mine in under 10 years if I can.

[Anonymous No.54177750]

>>54177718
why rejected? you just applied recently?

[Anonymous No.54177782]

>>54173997
That's because you don't own a house or and land to manage anyway.

[Anonymous No.54177848]

>>54177750
Yes recently this month.
Because I had no income, just a minor part time job, and I applied to the wrong CU (they don't make risky loans) even though I have 100k liquid cash in the bank, I still couldn't get a 200k (plus a little over 200) mortgage.

I have to choose between extending my apt lease, (for time) to make another mortgage application, or just find a livable trailer somewhere rural and buy it.

[Anonymous No.54177937]

>>54172387
First home $160k @3.25% (now a rental)
Second home $780k paid cash.

[Anonymous No.54177969]

>>54172387
>$95k
>6.225%
>0 down VA loan
Interest is high but I make $45k/yr so I should be able to pay the whole thing off within the next 3-4 years. I'm a poor but I'm very excited to close this month and finally have 3x the space for the same cost. Also to raise ducks and make a huge garden, can't do that in an apartment.

[Anonymous No.54178401]

>>54174608
Kek

[Anonymous No.54178532]

>>54173997
More plz

[Anonymous No.54178697]

I own 7 properties in Phoenix Arizona. all with rates around 2.8 to 3.25 percent. I will never fucking sell. I will continue raising my rents. I will not negotiate with rentoids.

stay poor

[Anonymous No.54178723]

>>54173356
No, lol. But if not a LARP you did a good job saving. Now go out on your own.

[Anonymous No.54178726]

>>54175064
this

>>54175092
cope

[Anonymous No.54178758]

>>54178726
Yeah I'm going to believe the obese broke virgin still living with his mommy that spends all his money on dolls and internet "money".

[Anonymous No.54178881]

>>54174477
I feel like i could never go back to rural living after 10 years in the city.

[Anonymous No.54179081]

>>54175080
>Great thing about moving to America and showing determination is that you can achieve anything if you put your mind to it.

This. Congrats bong. Now go back.

[Anonymous No.54179174]

4.5%
15 year
$190k
Hoping to pay it off fast while still investing

[Anonymous No.54179187]

>>54178532
ummm ok i also have a lot of junk in my yard and cars that dont run

[Anonymous No.54179199]

>>54174128
1.7% 250k 20 year fixed.

[Anonymous No.54179255]

>405k
>280k mortgage
woop woop

[Anonymous No.54179292]

>>54174054
but dude, LOW INTEREST

[Anonymous No.54179301]

3.875% loan
$900k equity in a $1,275,000 house.

Corner lot, fully maintained 1905 Grande Damme in a nice PNW neighborhood. Shops and parks nearby and I choose to bike to work most days.

[Anonymous No.54179315]

>window shopping for houses
>know I can't get one any time soon
>see one that I really really want
it hurts

[Anonymous No.54179516]

>>54173888
how did you get 18%? are those US dolalrs? how will you survive?

[Anonymous No.54179957]

Got me a nice First Republic loan right before SHTF.
>3.75%
>900K
>Bunker down with my wife and two kids, maybe try for a third
Wifey is in one of the tech companies and talked to her manager about quitting to be a housewife and her manager said she'll try to get her in on the next round of layoffs. Fingers crossed.

[Anonymous No.54180358]

>>54172387
3.8%
300k house
2100sq ft
8k in yearly prop taxes tho
on 1 acre.

put 20% down too so payment is like 1,100. no pmi.

Feel pretty good to own some land and a lil bit of bitcoin.

[Anonymous No.54180446]

>>54177848
yeah my nigger if you don't have full time income it isn't happening. most will make you have 2 years of that too. i almost sold to a some boomer from cali for 270. he was putting 100k down. local bank balked a week before closing bc his boomer fund social security hadn't kicked in yet and was kicking in a few months down the road. he didn't get the loan and i got a free 2700 burger bucks. he did end up getting a place 2 hours from me from a different bank. he got fucked desu. i took it as a sign to never sell my place and I will possibly die on my 6 acre plot now. later i'll buy the corner from rick and make it about 10 acres.

[Anonymous No.54180467]

>>54177969
no PMI chads winning as usual. enjoy anon. VA loans are solid for the poorfag.

[Anonymous No.54180497]

>>54178881
i took a bunch of acid in the city and realized I could do the same thing in the country as I'm doing in the city. I tricked myself years ago into thinking the city was the place to be. I feel like a kid again being back in rural texas. I was in DFW for about 12 years. Lucky to have made it out alive. what a nigger jew greed shithole.

[Anonymous No.54180505]

>>54180446
Don't you Americans have credit companies as alternative to banks

[Anonymous No.54180515]

>>54180467
All my friends put like 3% down on their houses just cause they could.

Had the cash and figured why not. Had I not spent the 50k on my downpayment I 100% would have lost it in stonks/crypto since it was end of 2021

[Anonymous No.54180525]

>>54172387
>plans for when QE really sinks in
Anon, I...

[Anonymous No.54180619]

>>54179187
Just like my father

[Anonymous No.54180638]

>>54175080
Congrats I'm glad you're liking your new country.

[Anonymous No.54180732]

>>54180515
No PMI is the way to go. PMI is sadly just jew money that goes right to the bank every month. you did good.

[Anonymous No.54180766]

>>54175080
if one of those doesn't have a hemi I am calling you a faggot. but congrats anon. 2015 I dropped out and had to move in with my mom. Rented rooms from frens until I made it on my own into an apt and then a house and 6 acres. poorfags can make it too.

[Anonymous No.54180819]

Toronto $700k condo
$60k/yr salary
Locked in at 0.5% in 2020
Bought when I saw cumskin Bobo nazis calling for the "housing collapse". We're so fucking early, mortgage bros

Always voting liberal
Always supporting mass migration
No, your "housing crash" is never coming. 2020+ home buyers are still early

LETS FUCKING
GGGOOOOOOOOOOO

[Anonymous No.54180844]

>>54180525
Cope bobocuck. Money printer turns on this year. You of not bought the bottom. Golden bull season starts now

Mortgage bros gonna make it, u , no

[Anonymous No.54181157]

>>54180819
Dude, 700k condo in Toronto with that salary... Lucky for you condos didn't get inflated like the burbs. But still, rates aren't going back to zero, and you "locked in" for a max of five years.

Shit investment but excellent cope.

[Anonymous No.54181242]

>>54180819
>locked in
>Canada
HE DOESNT KNOW ABOUT VARIABLE INTEREST RATE MORTGAGES IN CANADA HAHAHAHHAHAHA
HE THINKS THE BANK CANT RAISE THE RATE WHENEVER THEY FEEL LIKE IT HAHAHAHAHAHAHAHHAHAHAHA
CANADA FAGS CANT STOP LOSING

[Anonymous No.54181343]

>>54181242
Even fixed rate mortgages in Canada have a max duration of 5 years. He's 3 years away from having his rate reset. Even if they drop rates, it's only going to be 1 or 2 percent. So, he's looking at a 600% plus increase in interest payments when he's already maxed out his credit for his salary. To add insult to injury, the price of his condo is going nowhere for the next 5 years.

[Anonymous No.54181482]

>>54172387
sauce on this house

[Anonymous No.54181484]

>>54172387
MORTGAGE FREE FUCK KIKES AND THEIR DEATH GRIP

[Anonymous No.54181515]

>>54173509
>most people bought before covid inflation
Florida here and im LAUGHING at this. Every NY/NJ/NE fuck with a couple grand and 650 credit moved down here the min their Pizzarias closed down and they were in lockdown. Shit tier 3/2 1300 sq ft real estate was going for 400+k in Miami, Tampa, West Palm etc. Literally 2/3rds the price 2 years later

[Anonymous No.54181706]

I suggest every anon to leave the city while he can. get as much land as he can and to get a wife that he will fuck whenever he can. enjoy.

[Anonymous No.54181714]

what do you all think about the housing prices and mortgage rates in the EU? good time to buy a 600k house? current rate is about 4,7% for 20 years fixed

[Anonymous No.54182009]

>Tokyo 3 bedroom condo
>around $550k
>1.2% fixed for 35 years
Feels like I won at life

[Anonymous No.54182085]

>>54172387
2.7%, 400k purchase 500k market value
3.25% 550k purchase 700k market value

[Anonymous No.54182167]

4.3%
$250K market
$60K purchase price
Owe $27K

After I pay it off and sell it, Ill be able to build whatever I want, but Im not looking forward to it. The sad part of this clown world we live in is that without 30% down, at least ten years of positive credit history, and an 800 credit score--NO LENDER will touch you. Banks get bailouts. You get nothing.

[Anonymous No.54182165]

2.87% Paid 527k with close to 200k down in 2019. 800k now supposedly. Comfy couple year old rambler in the sticks on 5 acres. Not in a hurry to leave.

[Anonymous No.54182264]

9% interest
$8,000 a month
600 a month hoa
10% tax
95% LTV
Feels so good to win bros

[Anonymous No.54182395]

>>54182009
Do you just have a carousel of japanese highschool girls rotating through your place?

[Anonymous No.54182523]

>>54182395
No but I have a jap wife for 8 years now

[Anonymous No.54183253]

>>54182264
>600 a month hoa
>win
lol your brain on jews everyone.

[Anonymous No.54183882]

>>54182167
> The sad part of this clown world we live in is that without 30% down, at least ten years of positive credit history, and an 800 credit score--NO LENDER will touch you. Banks get bailouts. You get nothing.

My credit score was average 740?. I had about 35% or so maybe 40% to put down, (on my low 200s house I wanted)
but for 'income' my meager part time job wasn't cutting it,and my CU 'politely' told me I wasn't even close. I guess I can take a look around for an owner financing deal, although that's really risky, otherwise like I mentioned above, a used trailer somewhere is looking for me that i can afford fm my liquid cash.

It's got to be an insane world when the bank didn't even want free money from me (6%) on a 100% collateral deal, the house, which they would inspect.

>no thanks goy, keep your money.

[Anonymous No.54183904]

>>54174242
what were they gonna do, refuse to lend? for two years?

[Anonymous No.54184188]

>>54182264
That fence looks a little dirty anon, you should clean it or I'm reporting to the HOA.

[Anonymous No.54184203]

>>54178697
I fucking LOVE capitalism and this is why. There is no greater feeling than experiencing the widening wealth inequality as part of the top 1% as you just know those around you are progressively falling deeper into poverty.

[Anonymous No.54184235]

>>54172387
3.25%, 1.3M, debtmaxxed with BTC on leverage, plenty of ammo. AMA

[Anonymous No.54184361]

Purchase price May ‘21: 520k
Rate: 3% fixed
Principle 2023: $308k
Zestimate 2023: 633k

[Anonymous No.54184883]

>>54173390
What would happen if you want to move city, or even house within city? Do you lose that low rate for an updated higher rate?

Wouldn’t that just cause everyone not to move?

[Anonymous No.54185309]

>>54184883
yep, you have to borrow with a new shitty rate. and basically no one will move that can avoid it. if I wanted to move, I would probably rent out the place with the low rate and rent a different place myself until rates come down

[Anonymous No.54185351]

>>54184883
>everyone
implying everyone has a low rate
40% of houses have no mortgage at all
also add 1% to what everyone says here, people love to larp

[Anonymous No.54185415]

>>54172387
2.25%, $200,000, selling some of my crypto

[Anonymous No.54185615]

>>54172387

>2.8%
>$450,000

Im planning on moving my family to Greece on a golden visa either late this year or next year. Pretty sick of the states desu.

[Anonymous No.54185711]

>>54175376
That's not just wrong, it's almost an absurd thing to say. Covid was the stiffest housing competition US markets had ever seen. 100 person line for an open house to bid on a fixer-upper. Being ruled out automatically if you weren't a cash buyer or requested a home inspection. Saw it with my own eyes and it threw me into a depression.

[Anonymous No.54185826]

>>54185711
yeah these fags are all larping kiddos

[Anonymous No.54185934]

>>54174045
> le updoot

[Anonymous No.54186103]

Price $120,000
Interest 0% for $100,000
3.5% on the remaining $20,000
Land Contract
Property Tax 1.5%
Down Payment 0
Mo / Payment : $450
1000sqft
1acre

[Anonymous No.54186119]

>>54186103
Current Market Price $168,000

[Anonymous No.54186160]

>>54185711
Covid was 2020, not 2021

[Anonymous No.54186200]

>>54185711
That post covid.

[Anonymous No.54186212]

>>54172387
3.625%, $300,000

I will probably pay off my mortgage ASAP even if it doesn't make sense from a financial perspective. I will wait until I have $5 million to do that.

One of my biggest regrets was not selling some at the top in 2021 to pay off the mortgage when i had $5 million. I was too greedy and stupid.

I just want to eliminate debt and not worry about the possibility that a bank can take my home. It's so silly.

[Anonymous No.54186229]

>>54174045
Imagine owing $8500 a month for the next 30 years.

Jesus Christ. That sounds like a nightmare.

[Anonymous No.54186276]

2 mill+ homes, no mortgage. Still 18k a year taxes. Winning is hard.

[Anonymous No.54186312]

>>54180497
>I tricked myself years ago into thinking the city was the place to be
ANon I think you ju-
>DFW
Nevermind. DFW and TX in general is such a fucking shit show.

[Anonymous No.54186416]

>>54174045
your house looks like a 2 story park bathroom

[Anonymous No.54186436]

>>54174477
I want to move out to bumfuck nowhere so bad but I have so much family and couldn't imagine leaving them all behind

[Anonymous No.54186492]

>>54177848
Look into alternative financing methods like seller financing.
Find a house you line in the place you like, even if it isn't for sale and send them a letter that says you want to buy, but would prefer seller financing. You'd be surprised how many people are interested in that, especially if they get a fat cash down payment out of the deal
If you have 100k, then you're a king. Make offers!

[Anonymous No.54187028]

>>54180732
>No PMI is the way to go
Such a blanket statement shows a lack of financial literacy. Mortgages are very complicated. You have to run the numbers. For example, imagine a theoretical mortgage of $100k at a 5% interest rate for simplicity's sake. A 20% down payment would be $20,000. Right now you're renting for a similarly ridiculously low rate of $1,000/month. You can afford to buy the house today with a 3% down payment or you can wait 4 years to save up an additional $17,000. Here's the problem:

1. The house will probably go up in price so in 4 years it will be $110,000. You missed out on $10,000 in equity and now you have to save up an additional $19,000 instead of the $17,000 in order to get your 20% down payment.

2. You paid rent for 4 years, which for simplicity's sake let's say your rent stayed the same for all four years. Congrats. You just pissed away $48,000 in rent.

Alternatively let's say you purchased the house. With a 3% down payment including insurance, taxes, maintenance, and PMI you're looking at $734/month including PMI. PMI is $80/month so over those 4 years you pissed away $3,840. However, you've also paid your house down to $92,300 and it's now worth $110,000.

If you'd stayed renting you would have pissed away a grand total of $50,000 and you now own nothing. If you buy the house you piss away $3,840 in PMI but you now own a home with $17,700 in equity. However you did pay $35,232 towards your mortgage, so you need to subtract $17,700 from the $35,232 to get your grand total out of pocket cost of $17,532 for 4 years of housing compared to the $48,000 you would have paid renting for 4 years plus the additional $2,000 you'd have to pay to get a 20% down payment on $110,000 instead of the original $100,000. $50,000 minus $17,532 is $32,468. You saved yourself $32,468 by paying PMI.

[Anonymous No.54187104]

>>54187028
Continued:
Of course the numbers won't always work out in favor of paying PMI. Every housing market is different. There are a lots of different variables. For example, if you live in a liberal shithole with high property taxes and an insane housing market, renting might actually be cheaper than paying a mortgage. Investors buy these homes and rent them out at a loss because they expect the home to double in value in a couple of years.

If you buy in one of these markets, you're essentially gambling. If you just want to be a homeowner, move somewhere else or give up the dream of home ownership because renting makes a lot more sense.

In other markets housing prices are actually going up at a very slow pace which changes the equation a lot if you can't count on building equity at a reasonable pace.

The terms of the mortgage also play a large role here. If you have a 15 year mortgage it's going to be much different than a 30 year mortgage. Some states don't have any protections against prepayment penalties so if you get a 30 year mortgage and want to make extra payments the bank charges you a penalty fee.

If your state makes prepayment penalties illegal then you might want to consider taking a 30 year mortgage and trying to pay it off sooner. Why? Because you can always make extra payments to pay your loan off sooner but you can't pay less on a 15 year mortgage if you fall on hard times. Of course the interest rates will be different on a 15 year mortgage vs. a 30 year mortgage so you need to weigh the risks vs. benefits of being forced to make larger payments for a reduced interest rate vs. having the option to pay larger payments for a higher interest rate.

Another thing to consider is insurance rates. Are you buying in a place with frequent natural disasters? If so then your insurance is guaranteed to go up, and not necessarily a small amount either.

[Anonymous No.54187125]

>>54173874
it's not a bubble, it's inflation

[Anonymous No.54187136]

>>54174045
I've never seen a house that makes my brain literally hurt just by looking at it. A pile of shit would at least make sense to me. Just how Jewish is the architect?

[Anonymous No.54187167]

>>54174549
How many retards here believe anyone would actually post a picture of their house here? Are there children on this board now?

[Anonymous No.54187185]

>>54187104
Continued:
Maintenance is another major factor to consider. If you're buying something older that requires a lot of maintenance then you might end up sinking a lot more money into owning vs. renting even if your mortgage is cheaper than renting.

Another thing you can consider doing is if you can get a good deal on your home and/or the value of the home is going to up relatively quickly, you can always refinance to get rid of the PMI. This is what I did. My home was appraised at $475,000 and the seller was asking $450,000. I negotiated down to $415,000 and had them do some upgrades/repairs (about $20,000 worth). I put 3% down and had them pay the closing costs. Unfortunately my LTV ratio was like 84% and I didn't have the cash to put more down so I had to take PMI.

Next year I had my home reappraised and it was worth $525,000. Including the payments I'd made, my LTV was now like 75% or something so I refinanced to get rid of the PMI. Refinancing only cost me like $1,800 so it was well worth it. I also got to skip a month of mortgage payments due to the refinance.

[Anonymous No.54187194]

>>54172387

>purchased late 2020
>3.125% @ 30yrs
>$955k
>no HOA
>desirable zip code in a desirable SoCal city
>1955 built, single story, updates in progress

[Anonymous No.54188302]

>>54187194
I could never live in California. The pollution, the crime, and the asinine housing prices are dealbreakers on their own. Combine them all and living there would be my worst nightmare.

[Anonymous No.54189328]

>>54183904
Price in the rate hikes and have a cartel agreement. They are doing it now however

[Anonymous No.54189401]

you know how they say that govt is evil by printing money creating inflation that eats away savings? well getting mortgage is kinda like that you create new money and put it in circulation at the same time pumping the housing bubble enriching bankers and pricing out your fellow men from buying outright with cash not paying interest to kike bankers
it's a certainty that debt fueled housing market will crash soon and I've said this and I'll say it again that you mortgagees deserve to die for what you've done, you've signed the death pledge it's time to go to hell now AHHAHAHHAHAHHAHAHHAH

[Anonymous No.54189529]

>>54172387
>1.8% until 2030
>300k EUR
My wife, me and my parents currently live here. It will be paid off roughly in 2028/29 or we need to refinance a negligible amount afterwards.

[Anonymous No.54190576]

>>54188302
You can't afford it.

[Anonymous No.54190805]

>>54173888
>trip
Did you mortgage your house on your credit card? My dude.

[Anonymous No.54190826]

>>54174045
Bait detected.
No one can be this stupid

[Anonymous No.54190868]

>>54172387
2.9%, 400k, at my current pace I'll have the entire thing paid off then I won't give a fuck what happens to the housing market.

[Anonymous No.54190899]

>>54173997
based, me too
no HOA
no mortgage
and yes i grow tobacco in my front yard

[Anonymous No.54190922]

>>54173390
2.x chads rise up, 2.5% 30 yr fixed, bought at the bottom of the pricing upswing

[Anonymous No.54191784]

>>54172387
2.9% from 2016, I bought for 128k and now it is valued at 215k.

I basically can't move until rates come down.

[Anonymous No.54191800]

>>54173966
absolutely based and checked

[Anonymous No.54191811]

>>54172387
2.25%, 450k

[Anonymous No.54191826]

>>54172387
>plans for when QE really sinks in
We'll see. Discount window opening up isn't the same thing as cheap loans for normies.

[Anonymous No.54192359]

>>54174054
>he isn't short USD

[Anonymous No.54192462]

>>54175064
cope rentcuck
are you not paying attention to the macro situation at all? QT is over, rates are climbing down, my house is worth more USD toilet paper than before, and my monthly is still the same, while your rent will be raised to beat inflation

[Anonymous No.54192601]

>>54181714
houses in the EU will become worthless when all your farms are shut down, all your power is generated from wind and solar (read: coal) and you aren't allowed to visit your friends 16 minutes away

[Anonymous No.54192641]

>>54185615
imagine going to euro nigger import land. at least here in the states, especially texas. you can buy 10-1000 acres and disappear. you probably live in the city though.

[Anonymous No.54192672]

>>54185711
nice car, i like the non flashy appearance. is that the fast and furious car? btw I won my house in april 2021, 9 offers on a little farmhouse with a few acres in rural texas. 3 years prior it would have been 100k less and had zero offers the first week. maybe even the first month. shit changed after covid.

[Anonymous No.54192703]

>>54186312
rural texas is the best place ever. feel like a kid again. DFW is the same as any metro and I've been to the big ones. they are all built the same and modern jew greed society is trash. pic related.

[Anonymous No.54192706]

>>54190576
is this supposed to look good? youve got baren land in the back, shitty buildings full of shitty people, and an overcrowded marina

[Anonymous No.54192748]

>>54187028
if you are a poorfag like me. you get a no money down/No PMI loan product >>54175215
and you actually get paid to take the loan. I got like 800 bucks back at closing AFTER putting no money down

but I am a poorfag getting a home and didn't have anywhere close the 20% to throw at a house. I got lucky.

I get what you are saying though. I wouldn't put 20% down (if I had it) unless I knew for sure I would be living in that home for the next 30 years.

[Anonymous No.54192891]

>>54172387
>bought house for $350K in 2019
>put 40% down
>4.375% for 30 year
>just appraised at $770K

[Anonymous No.54193306]

>>54187167
fr fr