ugh wtf my house buying experience

[zixxer]

people talk about how buying a house is soooo stressful. The stressful part ISN'T looking, buying, etc.... it's the mortgage. Bend over and prepare to be buttraped over the crap they need. 7 years worth of w-2's... WTF I was 14 7 years ago... so then, after giving them ALL the crap they need, you are never "approved". pre-approved yes... but the approval is at closing. So, you're stressed out beyond belief until you sign the f-ing paper.

THEN... you think home depot/lowes was for screws and crap? Hell no. I might as well go ahead and open a credit card there... I've spent easily $1000 there, and another $1000 at costco. I still need to buy a grill, a decent cordless drill (I burnt mine out today) and a circular saw. I'm eyeing the 18v dewalt cordless drill/circ saw set at costco. $350 for it... bleh... a hose.. and WTF knows what else.



And.. paint. Seems cheap right? WTFever. sherwinn williams has me by the balls. I've spent ~$150 on paint easily.


bleh. I still need to buy an extra intellicode genie door opener.

I'm broke. I DID however get 4.5% fixed for 30 years yay.


cliffs:
zixxer is in his house. a house is expensive, and he got a good loan. dealing with the mortgage crap sucks. He has bought a ton of crap from home depot and lowes


update:

um not sure what you mean by paying points or whatever.

loan is 4.5% fixed for 30 years. no pmi, 1.5% down, and they pay $850 towards my closing.

it is a 160k house (which is nice in this area... built in 99, 4br3ba, ~1/2 acre yard, large garage and large kitchen...

 

[xSkyDrAx]

Did you buy all that stuff to fix up certain parts of the house?

 

[AStar617]

Welcome to manhood... :beer:

...now stop whining about it! Some ppl would murder you if they thought your 4.5% was at all transferrable.

 

[zixxer]

Originally posted by: xSkyDrAx
Did you buy all that stuff to fix up certain parts of the house?

sort of.

home depot was stuff like deadbolts, handsets, some paint, some trim for a window, gas logs, a couple of light fixtures, and a kitchen faucet.

costco was a nice ladder, a couple of wire shelves, 3 bathroom faucets, a foodsaver thing, and other food related crap.


all of the stuff was neccessary except possibly the extra wire shelf things. they totalled about $300 for 3 of them. i have a bunch of tools and junk, and my old townhouse had nice shelves built into the garage walls for it all.

 

[spherrod]

4.5% for 30 years? I'd kill for a rate like that - well maybe not kill but at least maim someone.

It's always expensive when you move into your first house - just one of those things. When you move again, you won't spend nearly as much.

 

[zixxer]

also, there was nothing WRONG with the house. everything I needed to buy was just house-related... except for trim around a window.


the bedrooms were painted bright white. it was really annoying-especially during the day. I've painted the master bedroom a dark tannish color, and the kitchen burgandy (sounds weird, but the cabinets are solid dark oak. it looks really good).

I still have 3 more bedrooms I'd 'like' to paint. one will be rented out (is downstairs and has it's own little 'kitchen' and outside door) that I probably will leave white. The other bedroom is my 'office' and I'm thinking dark green. the 4th bedroom will be a guest bedroom. I dunno, I may leave it white, I may paint it yellow or something I have no idea.

 

[zixxer]

Originally posted by: spherrod
4.5% for 30 years? I'd kill for a rate like that - well maybe not kill but at least maim someone.

It's always expensive when you move into your first house - just one of those things. When you move again, you won't spend nearly as much.

yeah its through a local bank. basically their branches are in really high income areas. when they went for their gov't loan crap they got audited or something.. and apparently it's a huge deal that they had 0 first time home buyer loans for the entire year. they had like 3-4 weeks to have some 4 mil in minority/first time home buyer loans. I jumped on it. It's a standard 30 year fixed. no gimmicks or changes or whatever. 1.5% down, and no PMI. I'm know it's awesome. I'm lucky as hell to be at the right place at the right time

 

[spherrod]

Originally posted by: zixxer

Originally posted by: spherrod
4.5% for 30 years? I'd kill for a rate like that - well maybe not kill but at least maim someone.

It's always expensive when you move into your first house - just one of those things. When you move again, you won't spend nearly as much.

yeah its through a local bank. basically their branches are in really high income areas. when they went for their gov't loan crap they got audited or something.. and apparently it's a huge deal that they had 0 first time home buyer loans for the entire year. they had like 3-4 weeks to have some 4 mil in minority/first time home buyer loans. I jumped on it. It's a standard 30 year fixed. no gimmicks or changes or whatever. 1.5% down, and no PMI. I'm know it's awesome. I'm lucky as hell to be at the right place at the right time

Yeah, I've just managed to get a 10 yr fixed rate at 5.19%. UK rates are always a little bit higher

Still, congrats! Enjoy the new place :beer:

 

[iamwiz82]

Yep, get the HD CC now. 0% for 6-12 months on major purchases. I have a grand on one right now.

 

[rh71]

you're 21... just bought a house... and didn't expect financial strain ? $1000 at home depot is nothing. Wait till you have to buy furniture for the whole house.

 

[acemcmac]

Originally posted by: zixxer

Originally posted by: spherrod
4.5% for 30 years? I'd kill for a rate like that - well maybe not kill but at least maim someone.

It's always expensive when you move into your first house - just one of those things. When you move again, you won't spend nearly as much.

yeah its through a local bank. basically their branches are in really high income areas. when they went for their gov't loan crap they got audited or something.. and apparently it's a huge deal that they had 0 first time home buyer loans for the entire year. they had like 3-4 weeks to have some 4 mil in minority/first time home buyer loans. I jumped on it. It's a standard 30 year fixed. no gimmicks or changes or whatever. 1.5% down, and no PMI. I'm know it's awesome. I'm lucky as hell to be at the right place at the right time

And you didn't post that in hot deals? :| :evil:

Congrats man. That's really fvcking awesome. I'd give my left nut to be in your shoes and I hope to be in that situation by end of Q3 '06. Mind if I ask approx where you live? Doesen't say in profile.

 

[DougK62]

You're complaining about buying a bunch of stuff that you didn't NEED to buy. No sympathy.

And what kind of whacky bank asks for 7 years of W-2s? When I bought my house ~2 years ago all they wanted was the one from last year.

 

[dman]

Originally posted by: spherrod
4.5% for 30 years? I'd kill for a rate like that - well maybe not kill but at least maim someone.

It's always expensive when you move into your first house - just one of those things. When you move again, you won't spend nearly as much.

He didn't say how many points he paid to get that rate... did he?

I call BS if it's 0 and fixed and in APR. (I read above though, local bank / unique situation... good deal for him).

As for rest, yep, welcome to the club.

 

[mchammer]

Originally posted by: iamwiz82
Yep, get the HD CC now. 0% for 6-12 months on major purchases. I have a grand on one right now.

Why delay paying it. Liabilities are bad imo.

 

[spaceman]

our problem is the opposite.
the fiscal end is set, it's finding a goddamn house thats the hard part

 

[squirrel dog]

Dewalts rule . Get the light attachment if it doest come with it ( for $350 it should) Having gotten into home ownership at your age .... you have chosen wisely my young one . And as said before your next one wont be as painfull.

 

[iamwiz82]

Originally posted by: mchammer

Originally posted by: iamwiz82
Yep, get the HD CC now. 0% for 6-12 months on major purchases. I have a grand on one right now.

Why delay paying it. Liabilities are bad imo.

Why would you pay off a 0% loan? It's free month for 12 months. I'll make 12 equal payments while keeping the rest to make money for me.

 

[Taggart]

Originally posted by: iamwiz82

Originally posted by: mchammer

Originally posted by: iamwiz82
Yep, get the HD CC now. 0% for 6-12 months on major purchases. I have a grand on one right now.

Why delay paying it. Liabilities are bad imo.

Why would you pay off a 0% loan? It's free month for 12 months. I'll make 12 equal payments while keeping the rest to make money for me.

Only thing I see is that you have a balance on the card, which doesn't help your credit report.

 

[Jaihahih]

Originally posted by: zixxer
people talk about how buying a house is soooo stressful. The stressful part ISN'T looking, buying, etc.... it's the mortgage. Bend over and prepare to be buttraped over the crap they need. 7 years worth of w-2's... WTF I was 14 7 years ago... so then, after giving them ALL the crap they need, you are never "approved". pre-approved yes... but the approval is at closing. So, you're stressed out beyond belief until you sign the f-ing paper.

THEN... you think home depot/lowes was for screws and crap? Hell no. I might as well go ahead and open a credit card there... I've spent easily $1000 there, and another $1000 at costco. I still need to buy a grill, a decent cordless drill (I burnt mine out today) and a circular saw. I'm eyeing the 18v dewalt cordless drill/circ saw set at costco. $350 for it... bleh... a hose.. and WTF knows what else.



And.. paint. Seems cheap right? WTFever. sherwinn williams has me by the balls. I've spent ~$150 on paint easily.


bleh. I still need to buy an extra intellicode genie door opener.

I'm broke. I DID however get 4.5% fixed for 30 years yay.


cliffs:
zixxer is in his house. a house is expensive, and he got a good loan. dealing with the mortgage crap sucks. He has bought a ton of crap from home depot and lowes

Your mistake. You took out a 30 year mortgage. Live at your mom's, work a few years, and take out a 10 year mortgage after 5.

 

[Budmantom]

Originally posted by: dman

Originally posted by: spherrod
4.5% for 30 years? I'd kill for a rate like that - well maybe not kill but at least maim someone.

It's always expensive when you move into your first house - just one of those things. When you move again, you won't spend nearly as much.

He didn't say how many points he paid to get that rate... did he?

I call BS if it's 0 and fixed and in APR. (I read above though, local bank / unique situation... good deal for him).

As for rest, yep, welcome to the club.

I agree it's too good to be true.


How about the MIP or PMI or did you go VA?


Tom

 

[Lola]

Originally posted by: Jaihahih

Originally posted by: zixxer
people talk about how buying a house is soooo stressful. The stressful part ISN'T looking, buying, etc.... it's the mortgage. Bend over and prepare to be buttraped over the crap they need. 7 years worth of w-2's... WTF I was 14 7 years ago... so then, after giving them ALL the crap they need, you are never "approved". pre-approved yes... but the approval is at closing. So, you're stressed out beyond belief until you sign the f-ing paper.

THEN... you think home depot/lowes was for screws and crap? Hell no. I might as well go ahead and open a credit card there... I've spent easily $1000 there, and another $1000 at costco. I still need to buy a grill, a decent cordless drill (I burnt mine out today) and a circular saw. I'm eyeing the 18v dewalt cordless drill/circ saw set at costco. $350 for it... bleh... a hose.. and WTF knows what else.



And.. paint. Seems cheap right? WTFever. sherwinn williams has me by the balls. I've spent ~$150 on paint easily.


bleh. I still need to buy an extra intellicode genie door opener.

I'm broke. I DID however get 4.5% fixed for 30 years yay.


cliffs:
zixxer is in his house. a house is expensive, and he got a good loan. dealing with the mortgage crap sucks. He has bought a ton of crap from home depot and lowes

Your mistake. You took out a 30 year mortgage. Live at your mom's, work a few years, and take out a 10 year mortgage after 5.

I hate when people say that....some people want freedom and independence. We moved out at 18, had a house by 22 and are happy. I can understand wanting to save some money, but not everyone wants to live with mommy and daddy.

 

[iamwiz82]

Originally posted by: Taggart

Originally posted by: iamwiz82

Originally posted by: mchammer

Originally posted by: iamwiz82
Yep, get the HD CC now. 0% for 6-12 months on major purchases. I have a grand on one right now.

Why delay paying it. Liabilities are bad imo.

Why would you pay off a 0% loan? It's free month for 12 months. I'll make 12 equal payments while keeping the rest to make money for me.

Only thing I see is that you have a balance on the card, which doesn't help your credit report.

That hasn't stopped me from getting two car loans at the best possible rates in the past 6 weeks. People put way too much belief in credit scores. My credit has been run more in the past year than ever before and I'm still getting great rates, with or without balances.

 

[mchammer]

Originally posted by: iamwiz82

Originally posted by: mchammer

Originally posted by: iamwiz82
Yep, get the HD CC now. 0% for 6-12 months on major purchases. I have a grand on one right now.

Why delay paying it. Liabilities are bad imo.

Why would you pay off a 0% loan? It's free month for 12 months. I'll make 12 equal payments while keeping the rest to make money for me.

$1000 at 3.75% (ING Direct)=$37.50=equals not worth the risk something will come up and you won't pay it on time and get hosed with fees+interest for the whole year.

 

[dullard]

Originally posted by: Jaihahih
Your mistake. You took out a 30 year mortgage. Live at your mom's, work a few years, and take out a 10 year mortgage after 5.

Actually, he'd pay less overall if he got the 30 year mortage now, and paid a bit more per month on principal.

All 30 year mortages can be 10 year mortgages if you wish by paying it off quicker. The reverse is NOT true.

 

[dullard]

Originally posted by: mchammer
$1000 at 3.75% (ING Direct)=$37.50=equals not worth the risk something will come up and you won't pay it on time and get hosed with fees+interest for the whole year.

3.75% is a stupid number to use. His mortgage is 4.5%. So by using that $1000 to pay principal on his mortage, he'd save $1000*0.045 = $45.