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moneymaker
ParticipantWow silver @ $41.10! Holy cow, time to sell. Now if I could only remember the combination to my safe. When I bought silver 10+ years ago it was less than $5 an oz.
ParticipantWow silver @ $41.10! Holy cow, time to sell. Now if I could only remember the combination to my safe. When I bought silver 10+ years ago it was less than $5 an oz.
ParticipantUsually the most you can get from a 401K is 50k, but you can pay it back over 30 years interest free. I think this year would be a good time to do that before the market double dips. I’ve noticed more houses going up for sale and rent lately. Makes me wonder if people are leaving SD. I think prices will come down and rates will go up, don’t think rates will skyrocket this year as the government seems intent on keeping rates low and banks seem to be doing well. The most important thing is to start looking, educate yourself(like you are doing here), and find “the perfect house”, at least on first impressions as I think houses are a lot like people “most have hidden issues”.
ParticipantUsually the most you can get from a 401K is 50k, but you can pay it back over 30 years interest free. I think this year would be a good time to do that before the market double dips. I’ve noticed more houses going up for sale and rent lately. Makes me wonder if people are leaving SD. I think prices will come down and rates will go up, don’t think rates will skyrocket this year as the government seems intent on keeping rates low and banks seem to be doing well. The most important thing is to start looking, educate yourself(like you are doing here), and find “the perfect house”, at least on first impressions as I think houses are a lot like people “most have hidden issues”.
ParticipantUsually the most you can get from a 401K is 50k, but you can pay it back over 30 years interest free. I think this year would be a good time to do that before the market double dips. I’ve noticed more houses going up for sale and rent lately. Makes me wonder if people are leaving SD. I think prices will come down and rates will go up, don’t think rates will skyrocket this year as the government seems intent on keeping rates low and banks seem to be doing well. The most important thing is to start looking, educate yourself(like you are doing here), and find “the perfect house”, at least on first impressions as I think houses are a lot like people “most have hidden issues”.
ParticipantUsually the most you can get from a 401K is 50k, but you can pay it back over 30 years interest free. I think this year would be a good time to do that before the market double dips. I’ve noticed more houses going up for sale and rent lately. Makes me wonder if people are leaving SD. I think prices will come down and rates will go up, don’t think rates will skyrocket this year as the government seems intent on keeping rates low and banks seem to be doing well. The most important thing is to start looking, educate yourself(like you are doing here), and find “the perfect house”, at least on first impressions as I think houses are a lot like people “most have hidden issues”.
ParticipantUsually the most you can get from a 401K is 50k, but you can pay it back over 30 years interest free. I think this year would be a good time to do that before the market double dips. I’ve noticed more houses going up for sale and rent lately. Makes me wonder if people are leaving SD. I think prices will come down and rates will go up, don’t think rates will skyrocket this year as the government seems intent on keeping rates low and banks seem to be doing well. The most important thing is to start looking, educate yourself(like you are doing here), and find “the perfect house”, at least on first impressions as I think houses are a lot like people “most have hidden issues”.
ParticipantI wouldn’t worry about prices going up. It’s the interest rates that are likely to rise. When interest rates rise it hurts the people with less down payment. Live like you are paying $2000 a month in mortgage for 6 months and see if you have enough money left over to pay bills and save a little. Definitely pay off the credit cards if your interest rate is over 5%. Until the Fed stops their Quantitative Easing I would not be too worried in the short term about not being able to buy. I do feel when interest rates start to rise house prices will fall further as fewer will be able to purchase.
ParticipantI wouldn’t worry about prices going up. It’s the interest rates that are likely to rise. When interest rates rise it hurts the people with less down payment. Live like you are paying $2000 a month in mortgage for 6 months and see if you have enough money left over to pay bills and save a little. Definitely pay off the credit cards if your interest rate is over 5%. Until the Fed stops their Quantitative Easing I would not be too worried in the short term about not being able to buy. I do feel when interest rates start to rise house prices will fall further as fewer will be able to purchase.
ParticipantI wouldn’t worry about prices going up. It’s the interest rates that are likely to rise. When interest rates rise it hurts the people with less down payment. Live like you are paying $2000 a month in mortgage for 6 months and see if you have enough money left over to pay bills and save a little. Definitely pay off the credit cards if your interest rate is over 5%. Until the Fed stops their Quantitative Easing I would not be too worried in the short term about not being able to buy. I do feel when interest rates start to rise house prices will fall further as fewer will be able to purchase.
ParticipantI wouldn’t worry about prices going up. It’s the interest rates that are likely to rise. When interest rates rise it hurts the people with less down payment. Live like you are paying $2000 a month in mortgage for 6 months and see if you have enough money left over to pay bills and save a little. Definitely pay off the credit cards if your interest rate is over 5%. Until the Fed stops their Quantitative Easing I would not be too worried in the short term about not being able to buy. I do feel when interest rates start to rise house prices will fall further as fewer will be able to purchase.
ParticipantI wouldn’t worry about prices going up. It’s the interest rates that are likely to rise. When interest rates rise it hurts the people with less down payment. Live like you are paying $2000 a month in mortgage for 6 months and see if you have enough money left over to pay bills and save a little. Definitely pay off the credit cards if your interest rate is over 5%. Until the Fed stops their Quantitative Easing I would not be too worried in the short term about not being able to buy. I do feel when interest rates start to rise house prices will fall further as fewer will be able to purchase.
ParticipantHow much are you currently paying in rent. Do you make 4500 or take home 4500, big difference, at least for me(making 5200, taking home 3000). Check out Zillow’s rent estimate vs. zestimate. If you can find a place that you qualify for, where PITI is near what you are paying for rent or even a few hundred more then I would definitely give it a try. Your FICO seems low to me, I think that is the lowest FICO that you can get a mortgage with. You do not mention how much you have in savings. I think Suzy Orman would deny you, but I personally think it is a good time to buy. I know renters and landlords don’t like to invest in their places, but as a “homeowner” it will probably be your strongest urge after “buying”.
ParticipantHow much are you currently paying in rent. Do you make 4500 or take home 4500, big difference, at least for me(making 5200, taking home 3000). Check out Zillow’s rent estimate vs. zestimate. If you can find a place that you qualify for, where PITI is near what you are paying for rent or even a few hundred more then I would definitely give it a try. Your FICO seems low to me, I think that is the lowest FICO that you can get a mortgage with. You do not mention how much you have in savings. I think Suzy Orman would deny you, but I personally think it is a good time to buy. I know renters and landlords don’t like to invest in their places, but as a “homeowner” it will probably be your strongest urge after “buying”.
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