have a few questions for those of you who have financed a home...

what was your APR ?

how many months did you finance for ?

what other costs did you have to pay ?

have more questions... but those are enough to start... not looking for any specific $$$ figures. thanks.

have a few questions for those of you who have financed a home...

what was your APR ?

how many months did you finance for ?

what other costs did you have to pay ?

have more questions... but those are enough to start... not looking for any specific $$$ figures. thanks.

FHA Loan

5.625% APR

360 months ( 30 years )

Right around $1800 in closing costs with no realators on either side of the deal ( buyers or sellers ), Termite inspection $60, Gas Line Warrenty $45

I don't remember the numbers for the first two houses except for the 30 year term and the mortgages were VA guaranteed so no PMI, paid closing costs up front, 100% finance. All the buyer’s inspections we paid. Get references on your inspector. If there is any doubt on anything then bring in a specialist. You wouldn’t believe the differences in home inspectors. On my house I sold in Feb I essentially had to eat the cost of ½ a new roof as my inspector didn’t see/understand how bad the existing roof was when I bought the place 3 years earlier. Because of that experience I had the roof of my new house nailed rather than stapled.

For the house that’s being built now we’re going with an 80% 1st mortgage and a 15% 15yr 2nd to avoid PMI and the VA funding fee, 5% down and all closing costs will be paid in cash. We’re hoping to be in by Christmas.

I just refinanced about 3 weeks ago

90% of home value

6.125

30 years

all my closing costs were worked back into the mortgage, my taxes and insurance is now in escrow. I am currently saving around 300 a month compared to my first mortgage a year ago. Also had to pay for an appraisal

And go with the inspection worth every penny, we recieved a ton of feedback on things we should continue to watch and things that needed to be done.

Ask Tom - his bank mortgages a gazillion homes a day

5.25%, 15 years, however thanks to brilliant financial management (in other words, something I stole off the 'net), it will be paid off in 8.

5.25%, 15 years, however thanks to brilliant financial management (in other words, something I stole off the 'net), it will be paid off in 8.

Care to share your secret that isn't really a secret?

:ditto:

have a few questions for those of you who have financed a home...

what was your APR ?

how many months did you finance for ?

what other costs did you have to pay ?

have more questions... but those are enough to start... not looking for any specific $$$ figures. thanks.
4.627 adjustable -----I'm going to sell it in about a year and a half
30 years
closing cost $3,500.
inspections about $100.00
insurance $400.00
taxes are a bitch. I have them incorporated into the monthly payments so I don't have to think about them.

have a few questions for those of you who have financed a home...

what was your APR ?

how many months did you finance for ?

what other costs did you have to pay ?

have more questions... but those are enough to start... not looking for any specific $$$ figures. thanks.


sounds like you are looking for the "gotches" They drive the Monthely to high.

Taxes, Insurance and PMI.

My place was 120K

6.25 on a 30year. 97% loan, Closing was 3K or less with the 97% loan and the Saler put 1K in the bucket.

Payment with PMI is 780 ish, But then add Escrow for the Taxes and Insurance and you get 980 each month.

And it goes up every Year. They were nice and Uped my Property Value this year, Now it costs more Taxes and more insurance.

I have been Real tempted by an Interest only Loan, With Values going up each year in ATL an Interset only would be about $400 Each month and when you sale you will still have some Equity just because the Value went up.

If you are moving from an Apartment to a Home then there are other costs you need to look at.

Water
Gas
Electric
Flowers
Mowing
One time stuff Like Tree Removal. Septic Cleanout
Repairs

Bills run much higher then they did in Apartment Life. A new home will keep them down some but an older one will drive them higher. The August Electric bill was 230 with the Air set at 78. I need new Windows.
I spend about 300 to 400 each year on Mulch and Flowers. Just spent $1500 Rebuilding the Rotting Deck. And it started Raining again this year so the Basement has had water in it 3 times. Going to need a new Air condition Unit in the next 3 - 5 years. Mine is 8 years old now.

But not haveing the Indian People and their Curry Living over top of me has been worth it.

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