[Doooh]

Explain index and margin in plain people terms and it will probably rattle my memory. I’ll have to pull out the loan docs and look it up otherwise.

[Doooh]

Explain index and margin in plain people terms and it will probably rattle my memory. I’ll have to pull out the loan docs and look it up otherwise.

[Doooh]

Explain index and margin in plain people terms and it will probably rattle my memory. I’ll have to pull out the loan docs and look it up otherwise.

[Doooh]

Explain index and margin in plain people terms and it will probably rattle my memory. I’ll have to pull out the loan docs and look it up otherwise.

[Doooh]

[quote=jpinpb]OMG. This place sounds awesome!! Come on, give me a ZIP b/c I don’t believe anything like this exists in SD.[/quote]

Convince me it’d be prudent to give up the zip? I’d love to increase my property values in 1 fell swoop and have every pig out here looking for their dream home. I’d love to live around smart folks and attract fiscally prudent families over here from the piggington world to help prop up my schools scores. Despite your beliefs on teachers pay, I think we get along great as neighbors jpinpb.

But, everyone on here knows what I make, knows how much I have in savings, they would know my exact house on a map and know were I lived with a simple zillow search in a couple weeks, you would know my name and every buisness I own using the public records on the house after closing. Even my parents don’t have that much info on me. There are only 2 guys in the world who know this much about me and my financial life, and thats because we use each other to hold ourselves, and our families accountable.

I can’t imagine trading that kind of info in order to prop up prices in my new neck of the woods. But I’m open to convincing arguments to the contrary.

[Doooh]

[quote=jpinpb]OMG. This place sounds awesome!! Come on, give me a ZIP b/c I don’t believe anything like this exists in SD.[/quote]

Convince me it’d be prudent to give up the zip? I’d love to increase my property values in 1 fell swoop and have every pig out here looking for their dream home. I’d love to live around smart folks and attract fiscally prudent families over here from the piggington world to help prop up my schools scores. Despite your beliefs on teachers pay, I think we get along great as neighbors jpinpb.

But, everyone on here knows what I make, knows how much I have in savings, they would know my exact house on a map and know were I lived with a simple zillow search in a couple weeks, you would know my name and every buisness I own using the public records on the house after closing. Even my parents don’t have that much info on me. There are only 2 guys in the world who know this much about me and my financial life, and thats because we use each other to hold ourselves, and our families accountable.

I can’t imagine trading that kind of info in order to prop up prices in my new neck of the woods. But I’m open to convincing arguments to the contrary.

[Doooh]

[quote=jpinpb]OMG. This place sounds awesome!! Come on, give me a ZIP b/c I don’t believe anything like this exists in SD.[/quote]

Convince me it’d be prudent to give up the zip? I’d love to increase my property values in 1 fell swoop and have every pig out here looking for their dream home. I’d love to live around smart folks and attract fiscally prudent families over here from the piggington world to help prop up my schools scores. Despite your beliefs on teachers pay, I think we get along great as neighbors jpinpb.

But, everyone on here knows what I make, knows how much I have in savings, they would know my exact house on a map and know were I lived with a simple zillow search in a couple weeks, you would know my name and every buisness I own using the public records on the house after closing. Even my parents don’t have that much info on me. There are only 2 guys in the world who know this much about me and my financial life, and thats because we use each other to hold ourselves, and our families accountable.

I can’t imagine trading that kind of info in order to prop up prices in my new neck of the woods. But I’m open to convincing arguments to the contrary.

[Doooh]

[quote=jpinpb]OMG. This place sounds awesome!! Come on, give me a ZIP b/c I don’t believe anything like this exists in SD.[/quote]

Convince me it’d be prudent to give up the zip? I’d love to increase my property values in 1 fell swoop and have every pig out here looking for their dream home. I’d love to live around smart folks and attract fiscally prudent families over here from the piggington world to help prop up my schools scores. Despite your beliefs on teachers pay, I think we get along great as neighbors jpinpb.

But, everyone on here knows what I make, knows how much I have in savings, they would know my exact house on a map and know were I lived with a simple zillow search in a couple weeks, you would know my name and every buisness I own using the public records on the house after closing. Even my parents don’t have that much info on me. There are only 2 guys in the world who know this much about me and my financial life, and thats because we use each other to hold ourselves, and our families accountable.

I can’t imagine trading that kind of info in order to prop up prices in my new neck of the woods. But I’m open to convincing arguments to the contrary.

[Doooh]

[quote=jpinpb]OMG. This place sounds awesome!! Come on, give me a ZIP b/c I don’t believe anything like this exists in SD.[/quote]

Convince me it’d be prudent to give up the zip? I’d love to increase my property values in 1 fell swoop and have every pig out here looking for their dream home. I’d love to live around smart folks and attract fiscally prudent families over here from the piggington world to help prop up my schools scores. Despite your beliefs on teachers pay, I think we get along great as neighbors jpinpb.

But, everyone on here knows what I make, knows how much I have in savings, they would know my exact house on a map and know were I lived with a simple zillow search in a couple weeks, you would know my name and every buisness I own using the public records on the house after closing. Even my parents don’t have that much info on me. There are only 2 guys in the world who know this much about me and my financial life, and thats because we use each other to hold ourselves, and our families accountable.

I can’t imagine trading that kind of info in order to prop up prices in my new neck of the woods. But I’m open to convincing arguments to the contrary.

[Doooh]

3 different caps:

2% max per year
5% max for the life… 30yrs
5% optionional at lenders discretion max at year 6, at the end of the 5th yr

[Doooh]

3 different caps:

2% max per year
5% max for the life… 30yrs
5% optionional at lenders discretion max at year 6, at the end of the 5th yr

[Doooh]

3 different caps:

2% max per year
5% max for the life… 30yrs
5% optionional at lenders discretion max at year 6, at the end of the 5th yr

[Doooh]

3 different caps:

2% max per year
5% max for the life… 30yrs
5% optionional at lenders discretion max at year 6, at the end of the 5th yr

[Doooh]

3 different caps:

2% max per year
5% max for the life… 30yrs
5% optionional at lenders discretion max at year 6, at the end of the 5th yr

[Doooh]

Here’s the Mortgage options that I’m debating.

I’ve narrowed it down to 2 different loans. The REO bank is giving me $16k for closing/loan cost so it was relatively easy to narrow the loan down to these two below. I have to use the $16k or loose it, the other loan options leave $ on the table.

$2800to$3000 in rent + $2500to3000 payment = $5500to6k Monthly payment

So I’ll be paying it off in $6k monthly chunks if there isn’t anything unforeseeable happening. The minimum payment is $1600 on the ARM or $2100 for the fixed, but those figures don’t matter because I’ll be paying 3 to 4x the minimum payment. The payment on the ARM caps out at $2800 if all hell breaks loose in 5 yrs and all the caps are maxed out.

SO
2.5% apr on a 5yr ARM caped at 7.5% max for 30 yrs
OR
4.5% apr on a 30yr fixed

I’m even debating on paying the minimum on the 5yr ARM, saving the $4600 a month I’d otherwise be paying monthly. I’d be hoping for a interest rate increase and invest the $4600 in CD’s or a Savings account (Read super save insured) until year 5, and paying a couple hundred thousand $ lump payment before the interest adjusts on year 5. Here’s crossing my fingers for the EmigrantDirect savings to jump above 2.5% in a year again… How I loved my 5% intrest rates on my savings years ago.

$417 is the mortgage amount.

[Author]

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