More interesting is - which house did you go with? Pictures, please. - Matt
----- Original Message ----- From: "Jacob" <[EMAIL PROTECTED]> To: "CF-Community" <[email protected]> Sent: Thursday, January 05, 2006 1:03 PM Subject: RE: Mortgage Suggestions? > If this is going to be your dream house and live in it for the rest of > your > life... get fixed payments and buy a point, or two. > > -----Original Message----- > From: Jim Davis [mailto:[EMAIL PROTECTED] > Sent: Thursday, January 05, 2006 9:54 AM > To: CF-Community > Subject: Mortgage Suggestions? > > Anybody have any good experience/hints for mortgage shopping? > > We're buying a house at $145,000 and am borrowing the 20% down payment > from > my 401k (that loan will be paid back in 10 years via payroll deduction) > and > we're looking for a 15 year mortgage. > > Right now we're paying $1000/mo in rent and just over $600 on a different > loan that ends this month. We figure roughly that the 401k loan and the > mortgage and taxes/insurance should come to about the same monthly outlay > or > just a bit more. > > The rates we're seeing for 15 year fixed (should we go fixed?) are between > 5.25 and 5.8. It doesn't seem worth it to buy point and lower our down > payment - but am I wrong? > > Thoughts? > > Thanks? > > Jim Davis > > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:5:190576 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
