Home buying thread

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Tenks

Bronze Knight of the Realm
14,163
607
Apex_sl said:
There are people who I consider close friends who I wouldn't let live with me for more than a week or two.... I like my space and I know some people's lifestyles don't jive with mine.

I hope that works out but more often than not I've seen friendships ruined over situations like this.
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I was ready to kill my best friend after living with him for 14 months. Best thing we did for our friendship was me moving out on my own.
 
Noodleface

Noodleface

A Mod Real Quick
38,275
15,104
Tenks_sl said:
I was ready to kill my best friend after living with him for 14 months. Best thing we did for our friendship was me moving out on my own.
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I lost my best friend after living with him for just 1 year. To be fair my fiance was also living with us. It was in short the worst decision I ever made. The guy was a real shitbag, but he was cool with me. I felt like I was some mediator between him and my fiance all the time. FUck that


I started the process of refinancing, gave them the 700 documents they requested. Hope this goes well. All relies on having our house appraised I guess.
 
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Picasso3

Silver Baronet of the Realm
11,333
5,322
It is tougher to appraise for more than you bought it for within 2 years* so if you're right at that threshold you may want to reschedule.

*may be completely wrong
 
Noodleface

Noodleface

A Mod Real Quick
38,275
15,104
Picasso_sl said:
It is tougher to appraise for more than you bought it for within 2 years* so if you're right at that threshold you may want to reschedule.

*may be completely wrong
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Yeah i have no idea

They're the ones that came to us in the first place, I didn't seek them out. Just doing it because she used cool buzz words in regards to lowering our payments

Our rate was pretty high when we first bought, I think the rates are way lower now.
 
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Picasso3

Silver Baronet of the Realm
11,333
5,322
Well if you're near 2 years and near to being out of pmi it could behoof yourself to investigate. If you don't have 20% off the principal yet having the appraisal come in higher could be big which wont happen if you can't show any improvements and been there less than 2. Lowering rate good regardless, but losing pmi could be bigger.
 
Joeboo

Joeboo

Molten Core Raider
8,157
140
Removing PMI should be anyone's #1 priority(if they have it), as it is 100% wasted money that does zilch for the homeowner. It's the equivalent of just burning that money each month.
 
Deathwing

Deathwing

<Bronze Donator>
16,741
7,767
PMI is tax deductible, not 100% wasted. You should probably still work on removing it if you don't have any other high interest loans, though.
 
Cad

Cad

scientia potentia est
<Bronze Donator>
25,426
49,042
Deathwing_sl said:
PMI is tax deductible, not 100% wasted. You should probably still work on removing it if you don't have any other high interest loans, though.
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Donating money to charity is tax deductible too but it's still a complete poof out the window, and it's to a bank rather than a charity. Get PMI removed pronto bros.
 
Khane

Khane

Got something right about marriage
20,340
14,006
Defending PMI because you can deduct it on your taxes? This guy serious?
 
Noodleface

Noodleface

A Mod Real Quick
38,275
15,104
I wrote PMI off on my taxes and I still feel like it was 100% wasted.

I am getting back $9k in my tax refund though.
 
taebin

taebin

Same trailer, different park
973
450
PMI is only deductible if you make less than $100k
frown.png
 
Khane

Khane

Got something right about marriage
20,340
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Picture two raging forest fires, one to the north and one to the south of you. If you go south into the forest fire you have to throw $100 into it then run away before you die. If you go north you only have to throw $85 before you have to run away.

There is a third option here of course. Just walk in a straight fucking line and avoid both goddamn fires. How many people gonna choose to go north just because it saves them $15 bucks vs going south?
 
Khane

Khane

Got something right about marriage
20,340
14,006
Combined income for most people, so not really a humblebrag:

You can deduct mortgage insurance as an itemized deduction if certain requirements are met. If your adjusted gross income (AGI) reaches or exceeds $109,000 ($54,500 if married filing separately) the deduction is eliminated.
 
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