So who here wants to give me a no interest mortgage?

[jtusa]

Anyone? Please? 🙂

 

[imported_Kensai]

Huh? 😛

 

[rudder]

Sure, if you can get a house for $3, PM me.

 

[Ronin]

Just find a mortgage company that's willing to do Fixed rate @ a decent rate, and you're all set.

 

[Sex Smurf]

it's the only way nowadays that we can afford a house. <sigh>

 

[jtusa]

Originally posted by: Sex Smurf
it's the only way nowadays that we can afford a house. <sigh>

I know it. 🙁

When's this damn "housing bubble" supposed to pop?

 

[spc hink]

Wrong forum, belongs in For/Sale under WTB, may have more success there. Good luck.

 

[hevnsnt]

Originally posted by: spc hink
Wrong forum, belongs in For/Sale under WTB, may have more success there. Good luck.

no, actually I belive it belongs here under the "yeah right" catagory

 

[jtusa]

Originally posted by: hevnsnt

Originally posted by: spc hink
Wrong forum, belongs in For/Sale under WTB, may have more success there. Good luck.

no, actually I belive it belongs here under the "yeah right" catagory

Haha, you aren't doing much to inspire hope here.

 

[spc hink]

Originally posted by: hevnsnt

Originally posted by: spc hink
Wrong forum, belongs in For/Sale under WTB, may have more success there. Good luck.

no, actually I belive it belongs here under the "yeah right" catagory

Interesting point. Bump for deep contemplation on my part.

 

[dug777]

i thought you typed 'no incest mortgage' :Q

 

[AccruedExpenditure]

There is no such thing as a commercially available no interest mortgage...

 

[zendari]

Interest only I think you mean.

Text

Basically you only pay interest for the first few years. It ends up giving you cheaper payments, but you aren't paying back and principal and thus aren't building any equity.

Bad idea to take one out though.

 

[Yax]

Two words: NOt INTERESTed.

 

[nakedfrog]

Certainly, I would have no problem giving you a no interest mortgage. However, there is the small matter of my loan arrangment fee, which will be approximately 140% of the cost of your house, payable up front.

 

[Sex Smurf]

Originally posted by: zendari
Interest only I think you mean.

Text

Basically you only pay interest for the first few years. It ends up giving you cheaper payments, but you aren't paying back and principal and thus aren't building any equity.

Bad idea to take one out though.

Actually not bad, depending on who you believe.

The people who believe in the housing bubble will think it's a bad idea.

The others who believe that the housing prices are increasing by 1%/month will say otherwise. <- at least thats how fast housing prices are still increasing in SoCal (orange county to be specific)

 

[compnovice]

Originally posted by: Yax
Two words: NOt INTERESTed.

One word: Amen

 

[bsobel]

Bad idea to take one out though.

Wrong. As with most things, it's a tool which makes sense for some and doesn't for others. Simply saying they are a bad idea implies you don't understand when they are usefull and appropriate and when they are not.