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November 5, 2007 at 9:56 AM in reply to: Can splitting mortgage payment help you shave 10 years from 30 year loan? #95880
golfproz
ParticipantI was offered a bi-weekly payment option when I bought my last house. As I recall it knocked off about 6 or 7 years of payments on a 30 year loan. Since I was just scraping by at the time I elected to stay with the monthly payment and when I could I payed extra. A bi-weekly is a good way to go if you plan on staying in the home long term and your finances can handle two large payments per month. I’m a little too scatter brained to make sure I always have that much in my checking account.
November 5, 2007 at 9:56 AM in reply to: Can splitting mortgage payment help you shave 10 years from 30 year loan? #95940golfproz
ParticipantI was offered a bi-weekly payment option when I bought my last house. As I recall it knocked off about 6 or 7 years of payments on a 30 year loan. Since I was just scraping by at the time I elected to stay with the monthly payment and when I could I payed extra. A bi-weekly is a good way to go if you plan on staying in the home long term and your finances can handle two large payments per month. I’m a little too scatter brained to make sure I always have that much in my checking account.
November 5, 2007 at 9:56 AM in reply to: Can splitting mortgage payment help you shave 10 years from 30 year loan? #95947golfproz
ParticipantI was offered a bi-weekly payment option when I bought my last house. As I recall it knocked off about 6 or 7 years of payments on a 30 year loan. Since I was just scraping by at the time I elected to stay with the monthly payment and when I could I payed extra. A bi-weekly is a good way to go if you plan on staying in the home long term and your finances can handle two large payments per month. I’m a little too scatter brained to make sure I always have that much in my checking account.
November 5, 2007 at 9:56 AM in reply to: Can splitting mortgage payment help you shave 10 years from 30 year loan? #95954golfproz
ParticipantI was offered a bi-weekly payment option when I bought my last house. As I recall it knocked off about 6 or 7 years of payments on a 30 year loan. Since I was just scraping by at the time I elected to stay with the monthly payment and when I could I payed extra. A bi-weekly is a good way to go if you plan on staying in the home long term and your finances can handle two large payments per month. I’m a little too scatter brained to make sure I always have that much in my checking account.
golfproz
ParticipantI bought my first place brand new and I’m not sure I would do it again. There’s a lot of added cost in buying new. You need to spend a ton of money getting those homes landscaped, adding patios and stuff like that. Buying a resale you can find homes with nice yards and the upgrades already done. Plus with a resale you can see what the neighborhood is like. With new tracts just about anything can happen, especially in a market like this. There are a lot of 2 year old homes with dirt yards still. Unless I find a builder fire sale I’m looking at resale for my next home.
golfproz
ParticipantI bought my first place brand new and I’m not sure I would do it again. There’s a lot of added cost in buying new. You need to spend a ton of money getting those homes landscaped, adding patios and stuff like that. Buying a resale you can find homes with nice yards and the upgrades already done. Plus with a resale you can see what the neighborhood is like. With new tracts just about anything can happen, especially in a market like this. There are a lot of 2 year old homes with dirt yards still. Unless I find a builder fire sale I’m looking at resale for my next home.
golfproz
ParticipantI bought my first place brand new and I’m not sure I would do it again. There’s a lot of added cost in buying new. You need to spend a ton of money getting those homes landscaped, adding patios and stuff like that. Buying a resale you can find homes with nice yards and the upgrades already done. Plus with a resale you can see what the neighborhood is like. With new tracts just about anything can happen, especially in a market like this. There are a lot of 2 year old homes with dirt yards still. Unless I find a builder fire sale I’m looking at resale for my next home.
golfproz
ParticipantI bought my first place brand new and I’m not sure I would do it again. There’s a lot of added cost in buying new. You need to spend a ton of money getting those homes landscaped, adding patios and stuff like that. Buying a resale you can find homes with nice yards and the upgrades already done. Plus with a resale you can see what the neighborhood is like. With new tracts just about anything can happen, especially in a market like this. There are a lot of 2 year old homes with dirt yards still. Unless I find a builder fire sale I’m looking at resale for my next home.
golfproz
ParticipantAll the normal chains are in Temecula but if you want really good food head out to the wineries. Several of them have very good restaurants. I like the restaurant at the Thornton Winery. Some of them are spendy, the last time me and the wife ate lunch at Thornton it cost $80.
golfproz
ParticipantAll the normal chains are in Temecula but if you want really good food head out to the wineries. Several of them have very good restaurants. I like the restaurant at the Thornton Winery. Some of them are spendy, the last time me and the wife ate lunch at Thornton it cost $80.
golfproz
ParticipantAll the normal chains are in Temecula but if you want really good food head out to the wineries. Several of them have very good restaurants. I like the restaurant at the Thornton Winery. Some of them are spendy, the last time me and the wife ate lunch at Thornton it cost $80.
golfproz
ParticipantI did not include land, permits or utilities in the cost I quoted. That is just building costs for the home itself. A buddy of mine works for one of the major builders and is in charge of a couple of developments. The one he is just finishing up is running $44 sq/ft on average for construction costs (norcal). That’s a low end tract of SFR homes, nothing fancy. Another tract he is doing with nicer homes and more complex builds is running just over $60 sq.ft. The cost difference depends on how many bathrooms, windows, skylights or fancy walls, ceilings, alcoves etc. Even the nicer stuff, what we would consider high end tract homes are probably under $80 a sq/ft for construction costs. Now, custom builds or one-offs are going to be WAY more expensive. To build a single custom home is easily going to run you north of $150 sq/ft and probably more than $200 if it’s a nice home.
golfproz
ParticipantI did not include land, permits or utilities in the cost I quoted. That is just building costs for the home itself. A buddy of mine works for one of the major builders and is in charge of a couple of developments. The one he is just finishing up is running $44 sq/ft on average for construction costs (norcal). That’s a low end tract of SFR homes, nothing fancy. Another tract he is doing with nicer homes and more complex builds is running just over $60 sq.ft. The cost difference depends on how many bathrooms, windows, skylights or fancy walls, ceilings, alcoves etc. Even the nicer stuff, what we would consider high end tract homes are probably under $80 a sq/ft for construction costs. Now, custom builds or one-offs are going to be WAY more expensive. To build a single custom home is easily going to run you north of $150 sq/ft and probably more than $200 if it’s a nice home.
golfproz
ParticipantI did not include land, permits or utilities in the cost I quoted. That is just building costs for the home itself. A buddy of mine works for one of the major builders and is in charge of a couple of developments. The one he is just finishing up is running $44 sq/ft on average for construction costs (norcal). That’s a low end tract of SFR homes, nothing fancy. Another tract he is doing with nicer homes and more complex builds is running just over $60 sq.ft. The cost difference depends on how many bathrooms, windows, skylights or fancy walls, ceilings, alcoves etc. Even the nicer stuff, what we would consider high end tract homes are probably under $80 a sq/ft for construction costs. Now, custom builds or one-offs are going to be WAY more expensive. To build a single custom home is easily going to run you north of $150 sq/ft and probably more than $200 if it’s a nice home.
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