Smart Strategy For Purchasing a House?

[SD Realtor]

Omega that is an interesting strategy and I have been pondering about whether to pursue a similar plan when I buy as well. I watched my parents invest alot of money in bonds in the 80s. Every few months they would put as much in as they could to purchase 30 year bonds and those were fantastic income generators for them. So your strategy makes alot of sense in an environment where you sense double digit inflation rates in the future.

By the same token, putting a buku downpayment and paying off the home early is not bad because of all the money you save in not paying any interest. One simply needs to plot the data to see what works better for them.

Anyways, not a bad idea.

[bake]

smart. also purchase money in ca is non recourse, which means if prices go way down you could give the house back to the bank and they couldn’t come after you (not that, as a mortgage broker, i am recommending or would ever recommend that to any prospective buyer), but with little or no $ down you would have very little risk, of course your credit would be ruined for awhile…

you can do 100% financing if you are a vet, or if the property is located in certain areas, 100% with usda rural, otherwise fha with 3.5% down is your best bet right now.

just make sure you don’t overpay for the house; your monthly payment with 97 – 100% financing, after the write off, should be close to what the property would rent for…

[bake]

smart. also purchase money in ca is non recourse, which means if prices go way down you could give the house back to the bank and they couldn’t come after you (not that, as a mortgage broker, i am recommending or would ever recommend that to any prospective buyer), but with little or no $ down you would have very little risk, of course your credit would be ruined for awhile…

you can do 100% financing if you are a vet, or if the property is located in certain areas, 100% with usda rural, otherwise fha with 3.5% down is your best bet right now.

just make sure you don’t overpay for the house; your monthly payment with 97 – 100% financing, after the write off, should be close to what the property would rent for…

[bake]

smart. also purchase money in ca is non recourse, which means if prices go way down you could give the house back to the bank and they couldn’t come after you (not that, as a mortgage broker, i am recommending or would ever recommend that to any prospective buyer), but with little or no $ down you would have very little risk, of course your credit would be ruined for awhile…

you can do 100% financing if you are a vet, or if the property is located in certain areas, 100% with usda rural, otherwise fha with 3.5% down is your best bet right now.

just make sure you don’t overpay for the house; your monthly payment with 97 – 100% financing, after the write off, should be close to what the property would rent for…

[bake]

smart. also purchase money in ca is non recourse, which means if prices go way down you could give the house back to the bank and they couldn’t come after you (not that, as a mortgage broker, i am recommending or would ever recommend that to any prospective buyer), but with little or no $ down you would have very little risk, of course your credit would be ruined for awhile…

you can do 100% financing if you are a vet, or if the property is located in certain areas, 100% with usda rural, otherwise fha with 3.5% down is your best bet right now.

just make sure you don’t overpay for the house; your monthly payment with 97 – 100% financing, after the write off, should be close to what the property would rent for…

[bake]

smart. also purchase money in ca is non recourse, which means if prices go way down you could give the house back to the bank and they couldn’t come after you (not that, as a mortgage broker, i am recommending or would ever recommend that to any prospective buyer), but with little or no $ down you would have very little risk, of course your credit would be ruined for awhile…

you can do 100% financing if you are a vet, or if the property is located in certain areas, 100% with usda rural, otherwise fha with 3.5% down is your best bet right now.

just make sure you don’t overpay for the house; your monthly payment with 97 – 100% financing, after the write off, should be close to what the property would rent for…

[SD Realtor]

“just make sure you don’t overpay for the house; your monthly payment with 97 – 100% financing, after the write off, should be close to what the property would rent for…”

There’s the rub. Depending on where you want to live there is little to no chance at all that you will finance 97% of the home and your payment will match the rent. If you are going to set that as a parameter then you more then likely will be waiting a long long time at best.

[SD Realtor]

“just make sure you don’t overpay for the house; your monthly payment with 97 – 100% financing, after the write off, should be close to what the property would rent for…”

There’s the rub. Depending on where you want to live there is little to no chance at all that you will finance 97% of the home and your payment will match the rent. If you are going to set that as a parameter then you more then likely will be waiting a long long time at best.

[SD Realtor]

“just make sure you don’t overpay for the house; your monthly payment with 97 – 100% financing, after the write off, should be close to what the property would rent for…”

There’s the rub. Depending on where you want to live there is little to no chance at all that you will finance 97% of the home and your payment will match the rent. If you are going to set that as a parameter then you more then likely will be waiting a long long time at best.

[SD Realtor]

“just make sure you don’t overpay for the house; your monthly payment with 97 – 100% financing, after the write off, should be close to what the property would rent for…”

There’s the rub. Depending on where you want to live there is little to no chance at all that you will finance 97% of the home and your payment will match the rent. If you are going to set that as a parameter then you more then likely will be waiting a long long time at best.

[SD Realtor]

“just make sure you don’t overpay for the house; your monthly payment with 97 – 100% financing, after the write off, should be close to what the property would rent for…”

There’s the rub. Depending on where you want to live there is little to no chance at all that you will finance 97% of the home and your payment will match the rent. If you are going to set that as a parameter then you more then likely will be waiting a long long time at best.

[Omega Point]

Thanks for all your replies.

We are likely to buy in Rancho Bernardo – 4S Ranch.

SD Realtor – I like your suggestion of plotting this out. I will do so and if possible post the results.

Finally, although I know CA is non-recourse, I could not, in good cconscience, walk away from the home when I have the means to continue making payments. For me, that is what is wrong with our country right now, everyone is a victim and wants something for nothing.

[Omega Point]

Thanks for all your replies.

We are likely to buy in Rancho Bernardo – 4S Ranch.

SD Realtor – I like your suggestion of plotting this out. I will do so and if possible post the results.

Finally, although I know CA is non-recourse, I could not, in good cconscience, walk away from the home when I have the means to continue making payments. For me, that is what is wrong with our country right now, everyone is a victim and wants something for nothing.

[Omega Point]

Thanks for all your replies.

We are likely to buy in Rancho Bernardo – 4S Ranch.

SD Realtor – I like your suggestion of plotting this out. I will do so and if possible post the results.

Finally, although I know CA is non-recourse, I could not, in good cconscience, walk away from the home when I have the means to continue making payments. For me, that is what is wrong with our country right now, everyone is a victim and wants something for nothing.

[Omega Point]

Thanks for all your replies.

We are likely to buy in Rancho Bernardo – 4S Ranch.

SD Realtor – I like your suggestion of plotting this out. I will do so and if possible post the results.

Finally, although I know CA is non-recourse, I could not, in good cconscience, walk away from the home when I have the means to continue making payments. For me, that is what is wrong with our country right now, everyone is a victim and wants something for nothing.

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