the realitor said the same thing, are you holding him hostage.... lol
i had problems getting a credit card because i didnt have my car payment for very long and i wasnt making shit at my job, but after my $5 raise i have no more problems
woo hoo
Jester.

Here is the deal... it is harder to get a cc than a loan...

logic behind it...

If you get a loan for a house.. bank has something to take away if you don't make payments, sell it and still probably make money..

however for the cc there isn't much they can do.. you don't own your car yet.. you don't have any equity they can go for, all they can do is take away points from your credit rating and these days there are more people that don't care about that than the one's that do...

good logic behind it and i aprove of it!!!

If he had a down payment his interest would be lower.

ha ha ha ha you approve...

good logic though :cheers:

True, True...

What interest rate are you at?

How long of a mortgage you looking at, 30 year?

30 year, 7.5 for 2 years and after that variable (but i wont be in this house (or this state) for that long so oh well)

7.5! WTF?

Rates are way lower than that right now. You do realize what kind of payment you are looking at, don't you? If you make that much more money than me, then treat us all to Benihana's!!! :D

rates these days aren't as they used to be. i have two loans..one on 15 year house loan and i'm getting 5.75 and on my business loan 30 year i'm getting like 6.9 which is super nice for a business loan..

So yeah i'd say for 7.5 is a bit high especially since its going to be variable after the 2 years!!! .. but it all comes down to what you think, if you think you got a good deal.. then it is all good!!

-enes

the reason i have that rate is because i have a credit score of 628 and i have my car payment and im a first time homebuyer, not to mencion that i have no down payment... he told me what the payment would be and its around $800, jana i make $2400 a month without OT.

See, Tom's a baller. There's no reason his hooptie shouldn't have mods aside from a half-assed b-kit. :woowoo:

before taxes or after taxes......

uhh 30 year loan... with 800 bucks a month.... that just doesn't seem to add up at all.

For $130k over 30 years at 7.5 annual percentage rate the monthly payment would be $908.98. The total interest costs would be $197,231.27.

Dont you love interest :toast:

Yeah, cuz I'm at 6.5% on a 30 year Fixed and mine is $945. Then I have my association due on top of that.

I'm a first time homebuyer, but had a downpayment (minimum, but it helps).

For $130k over 30 years at 7.5 annual percentage rate the monthly payment would be $908.98. The total interest costs would be $197,231.27. [/b][/quote]
that sounds a bit better.

also tom wtf is up with the jester thing?

For $130k over 30 years at 7.5 annual percentage rate the monthly payment would be $908.98. The total interest costs would be $197,231.27. [/b][/quote]
That's just the base, then top that off with you PMI, Mortgage Insurance (another $100) if you don't put 20% down....You're looking at a payment closer to $1K.

wait that does include the 130k that he borrowed or does he pay that on top of the 200k?

The $197K is what you would end up paying at the end of 30 years (which I don't think is correct...it would be more). I think that's right anyway. I'd have to get my papers out to be for sure...and I'm too lazy tonight to do that. :D