How shall we buy our first house?

[(former)FormerSanDiegan]

[quote=Scarlett]If the prices DROP and after 7 years your house is worth than the loan, would the PMI be removed according to plan, or not?[/quote]

I believe so, unless superceded by recent changes in the law …

http://www.frbsf.org/publications/consumer/pmi.html

Under HPA, you have the right to request cancellation of PMI when you pay down your mortgage to the point that it equals 80 percent of the original purchase price or appraised value of your home at the time the loan was obtained, whichever is less. You also need a good payment history, meaning that you have not been 30 days late with your mortgage payment within a year of your request, or 60 days late within two years. Your lender may require evidence that the value of the property has not declined below its original value and that the property does not have a second mortgage, such as a home equity loan.

Automatic Termination

Under HPA, mortgage lenders or servicers must automatically cancel PMI coverage on most loans, once you pay down your mortgage to 78 percent of the value if you are current on your loan. If the loan is delinquent on the date of automatic termination, the lender must terminate the coverage as soon thereafter as the loan becomes current. Lenders must terminate the coverage within 30 days of cancellation or the automatic termination date, and are not permitted to require PMI premiums after this date. Any unearned premiums must be returned to you within 45 days of the cancellation or termination date.

[Scarlett]

What about maintenance of the home – how much should one put aside monthly for this stuff? If he is buying in Poway, or PQ, it could be house that’s built in 70s and have enough deferred maintenance and other ongoing issues.

[Scarlett]

What about maintenance of the home – how much should one put aside monthly for this stuff? If he is buying in Poway, or PQ, it could be house that’s built in 70s and have enough deferred maintenance and other ongoing issues.

[Scarlett]

What about maintenance of the home – how much should one put aside monthly for this stuff? If he is buying in Poway, or PQ, it could be house that’s built in 70s and have enough deferred maintenance and other ongoing issues.

[Scarlett]

What about maintenance of the home – how much should one put aside monthly for this stuff? If he is buying in Poway, or PQ, it could be house that’s built in 70s and have enough deferred maintenance and other ongoing issues.

[Scarlett]

What about maintenance of the home – how much should one put aside monthly for this stuff? If he is buying in Poway, or PQ, it could be house that’s built in 70s and have enough deferred maintenance and other ongoing issues.

[bearishgurl]

[quote=AN][quote=captcha][quote=AN]Snowboarding/skiing is not a cheap sport…[/quote]
Unless you live 30 minutes from a resort :)[/quote]
Please tell me, what’s more expensive, renting a cabin and share w/ a group of friends or the lift tickets, boards, boots, bindings, jacket, pants, etc. Even if you don’t have to rent a place, how much does it cost to buy the gear and getting lift tickets at a nice mountain?[/quote]

[side discussion hijack]AN, as captcha said, clothing and gear is a one-time expenditure. You can also buy used (most “used” clothing and equipment on CL is only slightly used). For growing children under the age of 14, it is wisest to rent their gear if you don’t live near any skiing, and buy their clothing used off CL or e-bay.

If you’re not purchasing new clothing and/or gear at the Del Mar Fairgrounds ski-blowout sale (previous-year models) in August or the Sports Chalet Labor Day Weekend sale (all over CA), you’re paying way too much.

Think “ski gear” when its hot outside :=)

[bearishgurl]

[quote=AN][quote=captcha][quote=AN]Snowboarding/skiing is not a cheap sport…[/quote]
Unless you live 30 minutes from a resort :)[/quote]
Please tell me, what’s more expensive, renting a cabin and share w/ a group of friends or the lift tickets, boards, boots, bindings, jacket, pants, etc. Even if you don’t have to rent a place, how much does it cost to buy the gear and getting lift tickets at a nice mountain?[/quote]

[side discussion hijack]AN, as captcha said, clothing and gear is a one-time expenditure. You can also buy used (most “used” clothing and equipment on CL is only slightly used). For growing children under the age of 14, it is wisest to rent their gear if you don’t live near any skiing, and buy their clothing used off CL or e-bay.

If you’re not purchasing new clothing and/or gear at the Del Mar Fairgrounds ski-blowout sale (previous-year models) in August or the Sports Chalet Labor Day Weekend sale (all over CA), you’re paying way too much.

Think “ski gear” when its hot outside :=)

[bearishgurl]

[quote=AN][quote=captcha][quote=AN]Snowboarding/skiing is not a cheap sport…[/quote]
Unless you live 30 minutes from a resort :)[/quote]
Please tell me, what’s more expensive, renting a cabin and share w/ a group of friends or the lift tickets, boards, boots, bindings, jacket, pants, etc. Even if you don’t have to rent a place, how much does it cost to buy the gear and getting lift tickets at a nice mountain?[/quote]

[side discussion hijack]AN, as captcha said, clothing and gear is a one-time expenditure. You can also buy used (most “used” clothing and equipment on CL is only slightly used). For growing children under the age of 14, it is wisest to rent their gear if you don’t live near any skiing, and buy their clothing used off CL or e-bay.

If you’re not purchasing new clothing and/or gear at the Del Mar Fairgrounds ski-blowout sale (previous-year models) in August or the Sports Chalet Labor Day Weekend sale (all over CA), you’re paying way too much.

Think “ski gear” when its hot outside :=)

[bearishgurl]

[quote=AN][quote=captcha][quote=AN]Snowboarding/skiing is not a cheap sport…[/quote]
Unless you live 30 minutes from a resort :)[/quote]
Please tell me, what’s more expensive, renting a cabin and share w/ a group of friends or the lift tickets, boards, boots, bindings, jacket, pants, etc. Even if you don’t have to rent a place, how much does it cost to buy the gear and getting lift tickets at a nice mountain?[/quote]

[side discussion hijack]AN, as captcha said, clothing and gear is a one-time expenditure. You can also buy used (most “used” clothing and equipment on CL is only slightly used). For growing children under the age of 14, it is wisest to rent their gear if you don’t live near any skiing, and buy their clothing used off CL or e-bay.

If you’re not purchasing new clothing and/or gear at the Del Mar Fairgrounds ski-blowout sale (previous-year models) in August or the Sports Chalet Labor Day Weekend sale (all over CA), you’re paying way too much.

Think “ski gear” when its hot outside :=)

[bearishgurl]

[quote=AN][quote=captcha][quote=AN]Snowboarding/skiing is not a cheap sport…[/quote]
Unless you live 30 minutes from a resort :)[/quote]
Please tell me, what’s more expensive, renting a cabin and share w/ a group of friends or the lift tickets, boards, boots, bindings, jacket, pants, etc. Even if you don’t have to rent a place, how much does it cost to buy the gear and getting lift tickets at a nice mountain?[/quote]

[side discussion hijack]AN, as captcha said, clothing and gear is a one-time expenditure. You can also buy used (most “used” clothing and equipment on CL is only slightly used). For growing children under the age of 14, it is wisest to rent their gear if you don’t live near any skiing, and buy their clothing used off CL or e-bay.

If you’re not purchasing new clothing and/or gear at the Del Mar Fairgrounds ski-blowout sale (previous-year models) in August or the Sports Chalet Labor Day Weekend sale (all over CA), you’re paying way too much.

Think “ski gear” when its hot outside :=)

[bearishgurl]

[quote=sdrealtor]BG
Could you please repeat your retirement plans in detail again. You’ve posted them at least 20 times but I dont think any of us get tehm yet. perhaps another 20 or 30 times will do it.[/quote]

Certainly, sdr, if you will also :=}

Does it bother you that I’m fairly close to “retirement?”

[bearishgurl]

[quote=sdrealtor]BG
Could you please repeat your retirement plans in detail again. You’ve posted them at least 20 times but I dont think any of us get tehm yet. perhaps another 20 or 30 times will do it.[/quote]

Certainly, sdr, if you will also :=}

Does it bother you that I’m fairly close to “retirement?”

[bearishgurl]

[quote=sdrealtor]BG
Could you please repeat your retirement plans in detail again. You’ve posted them at least 20 times but I dont think any of us get tehm yet. perhaps another 20 or 30 times will do it.[/quote]

Certainly, sdr, if you will also :=}

Does it bother you that I’m fairly close to “retirement?”

[bearishgurl]

[quote=sdrealtor]BG
Could you please repeat your retirement plans in detail again. You’ve posted them at least 20 times but I dont think any of us get tehm yet. perhaps another 20 or 30 times will do it.[/quote]

Certainly, sdr, if you will also :=}

Does it bother you that I’m fairly close to “retirement?”

[Author]

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