looking to buy a new built house....recommendations??

[workin hard]

and for the people that have nothing to say regarding this post, take it elsewhere and bug others...I have no need for ignorant posts.

workin hard- I completely agree with what your saying and have the same thoughts about buying a home. The only reason I was putting that information out there is because it is a comfort zone for first time home buyers that are a little leary of a monster house payment. I like to look into the future also to see where we will be with our investments. But I do see your point and believe me I wouldn't go into something if I didnt' know I could push it, even though it scares the living crap out of me.

Just giving ya advice because I was promised one thing and didn't get it. But when we bought a house a month and a half ago I didn't base it on what I was promised because you can't see the future. And if I were you I would go with the fixed rate mortage. We have an 80/20 and the fixed rate was only $100 more than the arm.

 

[DoWhat]

I plan on being engaged before we would move into our new home.

Sin.

 

[chris82]

Do what- I was just referring to those that were not contributing information to this post but rather throwing up smiles and laughing. There is no reason for that and I dont' appreciate people laughing at what I'm saying. Thats all. Just trying to take this a little more seriously than that of a junior high school conversation. I'm not directing at anybody in particular.

I don't really see the difference between buying a house when your married or not. If your married and a male in Maryland and get divorce your going to lose your ass in court. I have seen that too many times to mention. If your not married all you lose is half of the house. No matter the situation things can go badly. I think that it is better to know before your married whether you can live with someone than after you have taken vows.

 

[DoWhat]

Do what-

Use the quote button.

 

[chris82]

do what- I appreciate the advice and agree that nothing is for certain in life. As far as the 80/20 loan, that is what I expect to be the cheaper of the loans and if that is all that is extra is 100 bucks a month then I would certainly rather have a fixed rate 30 year. I'm trying to avoid PMI insurance which is a fortune and other things that will jack a mortgage up through the roof. Those things will be something that needs to be gone over with the mortgage broker.

 

[crabcake]

Do what- I was just referring to those that were not contributing information to this post but rather throwing up smiles and laughing. There is no reason for that and I dont' appreciate people laughing at what I'm saying. Thats all. Just trying to take this a little more seriously than that of a junior high school conversation. I'm not directing at anybody in particular.

You don't come on this forum much, do ya?

 

[Katie]

To avoid PMI insurance there is a couple of things that the mortgage broker can review with you. My broker was awesome and worked the numbers a couple of ways and we did what worked best for us. We did have 20% to put down on the new house so there was no PMI insurance for us. The other thing you need to figure into your figures is closing costs.

1800 a month mortgage at 22-23 is a lot of money, and I couldn't count on getting a raise. What a company says they are going to do, and what they actually do are normally two different things. Unless you have it in writing from the company I wouldn't count on that raise.

Not trying to be mean, just giving come constructive advice.

 

[Oz]

I don't really see the difference between buying a house when your married or not. If your married and a male in Maryland and get divorce your going to lose your ass in court. I have seen that too many times to mention. If your not married all you lose is half of the house. No matter the situation things can go badly. I think that it is better to know before your married whether you can live with someone than after you have taken vows.

None of the above is completely true. But your obvious lack of knowledge about marriage, contracts, and real estate should give you enough reason to consult an attorney.

 

[chris82]

Well of course I don't have any preknowledge or marriage, house buying, or contracts. I have never bought a house nor have I been married. But contacting an attorney to make up a contract would not show alot of faith in our relationship nor our future, which I have. i'm not sure what would be the difference if we were married or not. Please elaborate

 

[virgovictoria]

Do what- I was just referring to those that were not contributing information to this post but rather throwing up smiles and laughing. There is no reason for that and I dont' appreciate people laughing at what I'm saying. Thats all. Just trying to take this a little more seriously than that of a junior high school conversation. I'm not directing at anybody in particular.

I don't really see the difference between buying a house when your married or not. If your married and a male in Maryland and get divorce your going to lose your ass in court. I have seen that too many times to mention. If your not married all you lose is half of the house. No matter the situation things can go badly. I think that it is better to know before your married whether you can live with someone than after you have taken vows.

Listen, dear, a sense of humor will help you through a lot of things in life. Me thinks thou doth protest too much. Perhaps you are a wee bit sensitive on the subject??? A little too defensive?? Well, in all honesty, I was poking a little fun. Being educated, I was hoping you'd get a laugh and figure out that a lot of us are laughing due to experience. But, alas, narcissim prevails.

So, not my problem.

































Oh, and......










<a href='http://www.smileycentral.com/?partner=ZSzeb008_ZNskw006' target='_blank'><img src='http://smileys.smileycentral.com/cat/10/10_6_7.gif' alt='Butt Dance' border=0></a>

 

[Chasey_Lane]

Whoooaaa, amber is the color of your energy.

 

[chris82]

another intellectual post by you virgovitoria. If you have nothing to add to the post please just avoid it. Again the maturity level of your posts amaze me but that isn't my problem. thanks for posting nothing again. Have a nice day.

 

[nomoney]

Chris; I think people are offering their opinions on the whole not being married thing due to their own history's. Everyone has a different opinion of what is going to work and whats not going to work. Myself-I purchased a first house with my fiance because we decided that instead of spending all that money on a wedding-we'd rather put the cash on a down payment towards our future. Drawback to that was we had a very small wedding and no honeymoon; something I think about from time to time and wonder if I missed out; but then you weigh the security of having a home and nothing else matters. On the other hand- a friend of mine bought a house with her boyfriend-they split and she was out all the money she put towards the mortgage and upkeep to the house because she had no papers to back any of it up. :shrug: Some fail to realize the extra pressures that is put on couples when they first buy a house-specially if it is first house for both parties. The paperwork to purchase is enough to want to strangle eachother. There are things that you will not think about even if you are prepared as you say you are. People here are just voicing their opinions because they've been there done that. No need to get all defensive because you THINK you're going to make it. Just say thank you for your opinion and move on...no harm in that.

As for the ARM vs. fixed....that too is a can go either way situation. I did an ARM ; have been in my home now for almost 7 years and am still sitting at 5%. (it started out at 4.5; (at the time the fixed rates were around 7.5). I've been down to 3% and up to 5.5%; still lower then most fixeds today-I have been able to pay off tons of principle (more so then if I had stuck with the fixed) and 6 years later we are better off financially and will easily be able to refinance if need be in the next year or two.

 

[DoWhat]

Chris; I think people are offering their opinions on the whole not being married thing due to their own history's. Everyone has a different opinion of what is going to work and whats not going to work. Myself-I purchased a first house with my fiance because we decided that instead of spending all that money on a wedding-we'd rather put the cash on a down payment towards our future. Drawback to that was we had a very small wedding and no honeymoon; something I think about from time to time and wonder if I missed out; but then you weigh the security of having a home and nothing else matters. On the other hand- a friend of mine bought a house with her boyfriend-they split and she was out all the money she put towards the mortgage and upkeep to the house because she had no papers to back any of it up. :shrug: Some fail to realize the extra pressures that is put on couples when they first buy a house-specially if it is first house for both parties. The paperwork to purchase is enough to want to strangle eachother. There are things that you will not think about even if you are prepared as you say you are. People here are just voicing their opinions because they've been there done that. No need to get all defensive because you THINK you're going to make it. Just say thank you for your opinion and move on...no harm in that.

As for the ARM vs. fixed....that too is a can go either way situation. I did an ARM ; have been in my home now for almost 7 years and am still sitting at 5%. (it started out at 4.5; (at the time the fixed rates were around 7.5). I've been down to 3% and up to 5.5%; still lower then most fixeds today-I have been able to pay off tons of principle (more so then if I had stuck with the fixed) and 6 years later we are better off financially and will easily be able to refinance if need be in the next year or two.

You're smart.

 

[crabcake]

... we are better off financially and will easily be able to refinance if need be in the next year or two.

Then you can request a name change to "somemoney"!

 

[chris82]

nomoney- thanks for the info. I appreciate it. I have no problems thanking people for useful information even if they are their opinions. That is why I started this post. I just don't like people acting like asses for no good reason other than its something to do. If someone has an opinion and some information to go along with that, by all means lets hear it. But the laughing faces and it won't work comments do nothing for this post or me for that matter. It is useless words. Thats what I'm trying to avoid and get rid of. The purpose of these types of sites and these types of posts are information.....not for people to have fun at others expense with no relevant information to the original post. Thats all. Again thanks for the informative statement. And I agree with the way you did things, I would rather have a house than not to and have a big elaborate wedding. Weddings last a day and cost a fortune where as a home can last you forever.

 

[chris82]

There is a chance that it will turn into a mess if we do end up not making it. I completely realize that and this could be the determining factor in that. But at the same time I feel that there is that same chance of being married and having to go down a sloppy divorce road. There are so many variables that it is hard to even imagine doing this to begin with but I can't deny what I want and who I want it with. I'm trying to weigh all the options but I want to live together before I get married so that I don't have something that I'm not sure of after I'm married. And i'm not going to be married and living at home....something about that bothers me.

 

[DoWhat]

There are so many variables that it is hard to even imagine doing this to begin with but I can't deny what I want and who I want it with. I'm trying to weigh all the options but I want to live together before I get married so that I don't have something that I'm not sure of after I'm married. And i'm not going to be married and living at home....something about that bothers me.

Always look at the mother, she is the future.

 

[crabcake]

There is a chance that it will turn into a mess if we do end up not making it. I completely realize that and this could be the determining factor in that. But at the same time I feel that there is that same chance of being married and having to go down a sloppy divorce road. There are so many variables that it is hard to even imagine doing this to begin with but I can't deny what I want and who I want it with. I'm trying to weigh all the options but I want to live together before I get married so that I don't have something that I'm not sure of after I'm married. And i'm not going to be married and living at home....something about that bothers me.

Chris -- there's some doubt in your post if you're considering the possibility. Maybe things will turn out peachy keen and you'll live happily ever after. But as Oz said, a little bit of money spent getting things in writing to cover you BOTH now could save a HUGE headache down the road if things do go south.

Either way ... good luck!

 

[Tigerlily]

Lighten up would you. We don't care where you live and who you do. Sometimes you need varying opinions to help you make a more informed choice. This place is a sounding board. It is fun, entertaining and yes sometimes harsh. But don't chastise us because you don't like our answers or understand our humor.