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The Home Ownership Thread

brokencycle

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Are the terms the same? The CUs I've been looking at, the max fixed rate is 20 years, but all the ARMs are all 30-year term with the rate changing every 5 years. The best ARM rate (80% LTV) is only slightly more than the best 10-year fixed rate (90% LTV), and much cheaper than 20-year fixed.

Also (I know this is obvious) remember that the amount you're financing decreases over the life of the loan, especially if you are paying extra, so the effects of rate increases later in the loan can be mitigated.
I guess there could be things in the fine print, but here is what PenFed is advertising:

30 year fixed: 3.625%; 3.778% APR
15/15 ARM 4.0%; 4.055% APR
7/1 ARM 3.75%; 4.192% APR

 

Van Veen

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I guess there could be things in the fine print, but here is what PenFed is advertising:

30 year fixed: 3.625%; 3.778% APR
15/15 ARM 4.0%; 4.055% APR
7/1 ARM 3.75%; 4.192% APR

Hmm. Maybe the underwriting criteria are much stricter for the fixed rate mortgages.
 

jcman311

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Seriously contractors (more so sales people) are the worst. Looking at replacing our windows. Its a pretty big job (30 some windows). First quote from company comes in and its a little shocking. Start looking it over and it has some mistakes. Email guy about the mistakes and its a "Oh yeah, we discussed that. I just forgot to put it on. Ill send over a new quote". Get the new quote. There's no bottom line. There's a total, but its even higher than the original total even though the changes lowered the price of windows about $10k. That and several labor items have mysteriously changed.

Now I have to call the company tomorrow and complain about their sales guy. I mean if they miss little things (as well as big things), what will happen when the job actually happens?

Oh yeah, and a big boooo to Marvin to limiting who can install their windows. Unfortunately it looks like we are stuck with this crappy company if we want Marvin windows. And no, I'm not installing them myself.
Adventures continue. Ghosted by one contractor (never even got a quote) and another contractor keeps sending quotes for the wrong line of windows we want. Time to head to angies list to leave some glowing reviews.
 

beargonefishing

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I asked my pool guys for an estimated to replace the tile. They come out weekly to service. After they came out they sent me an email with the estimate in a single sentence with $5-7 a sq. ft. Literally that's all the told me, $5-7 a sq. ft. I called and asked them to clairfy and give me a price. They said that I could measure myself and calculate. Worst estimate ever.
 

Gus

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Do to a good real estate market nationally in all major urban areas the really good trades people are all booked up with no openings for weeks or many months. So the medium to poor guys just throw out crazy pricing hoping to snag someone who is desperate. As an example, I asked three guys to quote on removing some built-ins from a mezzanine. $1, 250, $500 and $225 were the quotes. No skill required, just pull out and haul away.
 

patrickBOOTH

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Washing machine quit again. I think I am going to just buy a new one. I love it when I get a nice raise and think I am going to have extra savings and then toilet breaks, bathroom regrouted, AC breaks, new monthly building assessment, and now washer breaks. Life's rough at the bottom.
 

jbarwick

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Maintenance is just a part of life. My wife pointed out a few new items she wanted completed and I pointed out the maintenance items. She didn't like that part.
 

Piobaire

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Property taxes and upkeep. We never really have our homes paid off.
 

patrickBOOTH

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I have been very lucky with property taxes. I live in a "new" building where the taxes are abated for 20 years. I spend more on coffee than I do property taxes.
 

Piobaire

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My property taxes consume my entire SALT cap. :mad:
 

Piobaire

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Don't think that thought never crosses my mind. Then I have a bunch of people over for a party like what's happening Saturday and it's all worth it.
 

Numbernine

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Piobaire

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