Buying a home...... - GoFuckYourself.com

MaxDent · 01-30-2003, 12:18 PM

For anyone who has bought a home, I'm going to try and join your ranks. Albeit a small studio home in SF.

I just hope my fiance approves of it......hell, I hope my loan is approved.....

BigFish · 01-30-2003, 12:27 PM

Good luck! Did you check ur credit report before you submitted your loan app?

MaxDent · 01-30-2003, 12:29 PM

I'm actually just beginning the process. But I think I've got a good RE agent.

supportex · 01-30-2003, 12:45 PM

Happy you

Good luck!

el_greco · 01-30-2003, 01:05 PM

Hey congrats. Nothing gts the heart pumping like a mortgage. :b Good luck w/the loan process. Damn what a pain in the ass.

I got lucky though, my wife's credit is like something over 900. She didn't need a cosigner AND we got a killer rate. 4.75

Herb Kornfield · 01-30-2003, 01:09 PM

There is nothing better than owning a home, you truly become the master of your own area.

You can take down walls, paint, etc and NEVER have to ask permission from an asshole landlord.

Congrats my friend, enjoy!!!!

Rodent · 01-30-2003, 01:59 PM

Early congrats if the fiance approves it

stonedfucker · 01-30-2003, 02:01 PM

I'll chime in with a Good Luck.

Home ownership is tops!

MaxDent · 01-30-2003, 02:07 PM

The crazy thing is it is only a studio, roughly 500sq ft....

Even though my fiance in Japanese (I still have to bring her over here) and she's used to living in small spaces, I don't know if I can handle it. Still, it would be nice to have the tax break and put in a hot tub.

Thanks everyone for the support

Sharky · 01-30-2003, 02:09 PM

Congrats!

i you need a good mortgage company check out http://www.excelmortgagesolutions.com

They can do loans for anywhere in the country I believe.
:-)

Eric · 01-30-2003, 02:21 PM

Not sure if you guys have checked it out or not. But I know there is a good website out there and you can look at getting a home really cheap in Pre Foreclosure. Basically the person who is about to be foreclosed upon you walk in and make them an offer to walk away from the house. Like 2500 or 5k obviously they are about to be foreclosed on and will not walk with shit if that happens. You can get homes for what they owe on their loan and not what the house is actually worth. Talk about instant equity. I didn't find out about this till about a month and a half ago personally. But something to think about for anyone looking to buy a home.

sweetcuties · 01-30-2003, 02:39 PM

Congrats... I'll be there in 3-4mths

MaxDent · 01-30-2003, 02:46 PM

Quote:

Originally posted by Eric_aka_RedEyes
Not sure if you guys have checked it out or not. But I know there is a good website out there and you can look at getting a home really cheap in Pre Foreclosure. Basically the person who is about to be foreclosed upon you walk in and make them an offer to walk away from the house. Like 2500 or 5k obviously they are about to be foreclosed on and will not walk with shit if that happens. You can get homes for what they owe on their loan and not what the house is actually worth. Talk about instant equity. I didn't find out about this till about a month and a half ago personally. But something to think about for anyone looking to buy a home.

I'm not sure what the market is for forclosures here in the bay area. The studio 'house' I'm looking at is in Pc Heights so I'm not expecting much. Still, wouldn't it be pimp to get a cheap mansion?

Thanks for the tip Eric I'll look into it.

J.R. · 01-30-2003, 02:51 PM

Buy my house in Napa, $699,000
Pool and Spa.. and more.

MaxDent · 01-30-2003, 03:03 PM

Quote:

Originally posted by J.R.
Buy my house in Napa, $699,000
Pool and Spa.. and more.

oooooh, slightly out of my price range and a bit too far from my office. But the offer is much appreciated.

Jakke PNG · 01-30-2003, 03:53 PM

Owning an apt sucks

Well... not really, unless it's in Helsinki. It's cold and I wanna get out of here. Anyone wanna buy my appartement?

heheh.. or switch it even to a nice one somewhere warm.

Paul Markham · 01-30-2003, 03:56 PM

We signed the papers Tuesday and waiting for the bank to approve our mortgage, onyl $30K.

But if they say no get ready for some offers from us, we will need to raise the cash quickly.

wimpy · 01-30-2003, 08:07 PM

I'd take a studio in san fran.

DrGuile · 01-30-2003, 08:57 PM

I just bought a Condo in Montreal.

real nice place, Im really excited!

2 bedrooms and a mezzanine, a fireplace, a skylight, a nice balcony where ill be able to bbq!

yah baby!

Plugger · 01-30-2003, 09:17 PM

good luck! A small place in SF is like a palace most other places . . .

RottenPug · 01-30-2003, 09:26 PM

Quote:

Originally posted by Eric_aka_RedEyes
Not sure if you guys have checked it out or not. But I know there is a good website out there and you can look at getting a home really cheap in Pre Foreclosure. Basically the person who is about to be foreclosed upon you walk in and make them an offer to walk away from the house. Like 2500 or 5k obviously they are about to be foreclosed on and will not walk with shit if that happens. You can get homes for what they owe on their loan and not what the house is actually worth. Talk about instant equity. I didn't find out about this till about a month and a half ago personally. But something to think about for anyone looking to buy a home.

Do you know of the site name? or was that just a general comment ? I have been trying to get my hands on a girl in
a bank for sometime now.

MaxDent Congrats

BTW what does 500 sf go for out there?

gregtx · 01-30-2003, 10:16 PM

Quote:

Originally posted by el_greco
Hey congrats. Nothing gts the heart pumping like a mortgage. :b Good luck w/the loan process. Damn what a pain in the ass.

I got lucky though, my wife's credit is like something over 900. She didn't need a cosigner AND we got a killer rate. 4.75

===========================================

FICO perfect credit rating is 850... but I may be wrong...

... i'm in the process of closing on another new home... and even though my wife does not work... she still has to sign on the mortgage... and they pulled both of our credit history... co-signers are usually only needed when there is a lack of credit history... or poor marks on a credit history...

if you put 20%down.. you can also save from paying PMI insurance that will also save you $$$

but for sure this is a buyers market.. low interest rates.. and lots of property... a great investment for sure...

RottenPug · 01-30-2003, 10:39 PM

Quote:

Originally posted by gregtx

===========================================

FICO perfect credit rating is 850... but I may be wrong...

... i'm in the process of closing on another new home... and even though my wife does not work... she still has to sign on the mortgage... and they pulled both of our credit history... co-signers are usually only needed when there is a lack of credit history... or poor marks on a credit history...

if you put 20%down.. you can also save from paying PMI insurance that will also save you $$$

but for sure this is a buyers market.. low interest rates.. and lots of property... a great investment for sure...

A buyers market ?

Not on the east coast this is a sellers dream. Jesus christ trailers are pulling 250k up here.

gregtx · 01-30-2003, 10:46 PM

yes buyers market.. with low interest rates.. you can lock in at a great rate... if you have a strong realty area.. then even better... buy at $250K.. and flip it in a year or two for $300k plus... beats the stock market these days

RottenPug · 01-30-2003, 11:32 PM

It's apparent you don't buy much real estate, The market is at an all time high which doesn't not make it a buyers market. You honestly think a couple of intrest points make a difference in buying a home?

All these towel heads have to do is blow up ONE mall and this economy will go to shit the loss jobs will be unprecedented. Which means people would not be able to afford those low intrest rate homes you are talking about. Now if this were to happen it would be a buyers market.

01-30-2003, 12:18 PM	#1
MaxDent Confirmed User Join Date: Apr 2002 Location: San Francisco Posts: 851	Buying a home...... For anyone who has bought a home, I'm going to try and join your ranks. Albeit a small studio home in SF. I just hope my fiance approves of it......hell, I hope my loan is approved.....

01-30-2003, 01:05 PM	#5
el_greco Confirmed User Join Date: Nov 2002 Location: LA Posts: 352	Hey congrats. Nothing gts the heart pumping like a mortgage. :b Good luck w/the loan process. Damn what a pain in the ass. I got lucky though, my wife's credit is like something over 900. She didn't need a cosigner AND we got a killer rate. 4.75 __________________ If you aren't afraid of failing, you're not pushing hard enough. el_greco - 177643483

01-30-2003, 01:59 PM	#7
Rodent Confirmed User Join Date: Mar 2001 Location: ReliableServers.Com Posts: 1,462	Early congrats if the fiance approves it __________________ Choopa.com Colocation \| Cloud Servers \| Dedicated Servers \| CDN 1000 Gbps Network \| NJ DataCenters

01-30-2003, 02:09 PM	#10
Sharky Confirmed User Industry Role: Join Date: Mar 2002 Location: Tampa, FL Posts: 4,938	Congrats! i you need a good mortgage company check out http://www.excelmortgagesolutions.com They can do loans for anywhere in the country I believe. :-) __________________ Sharky

01-30-2003, 02:21 PM	#11
Eric Confirmed User Industry Role: Join Date: Dec 2000 Location: The Helm! Posts: 8,818	Not sure if you guys have checked it out or not. But I know there is a good website out there and you can look at getting a home really cheap in Pre Foreclosure. Basically the person who is about to be foreclosed upon you walk in and make them an offer to walk away from the house. Like 2500 or 5k obviously they are about to be foreclosed on and will not walk with shit if that happens. You can get homes for what they owe on their loan and not what the house is actually worth. Talk about instant equity. I didn't find out about this till about a month and a half ago personally. But something to think about for anyone looking to buy a home. __________________ No One

01-30-2003, 12:27 PM	#2
BigFish Confirmed User Join Date: Jan 2003 Location: United States of America Posts: 1,159	Good luck! Did you check ur credit report before you submitted your loan app?

01-30-2003, 12:29 PM	#3
MaxDent Confirmed User Join Date: Apr 2002 Location: San Francisco Posts: 851	I'm actually just beginning the process. But I think I've got a good RE agent.

01-30-2003, 12:45 PM	#4
supportex Registered User Join Date: Dec 2002 Posts: 61	Happy you Good luck!

01-30-2003, 01:09 PM	#6
Herb Kornfield Is on the 1 Industry Role: Join Date: Sep 2002 Location: Philly Burbs Posts: 4,996	There is nothing better than owning a home, you truly become the master of your own area. You can take down walls, paint, etc and NEVER have to ask permission from an asshole landlord. Congrats my friend, enjoy!!!!

01-30-2003, 02:01 PM	#8
stonedfucker Registered User Join Date: Jan 2003 Posts: 34	I'll chime in with a Good Luck. Home ownership is tops!

01-30-2003, 02:07 PM	#9
MaxDent Confirmed User Join Date: Apr 2002 Location: San Francisco Posts: 851	The crazy thing is it is only a studio, roughly 500sq ft.... Even though my fiance in Japanese (I still have to bring her over here) and she's used to living in small spaces, I don't know if I can handle it. Still, it would be nice to have the tax break and put in a hot tub. Thanks everyone for the support

01-30-2003, 02:39 PM	#12
sweetcuties Confirmed User Join Date: Feb 2002 Location: Somewhere Posts: 5,859	Congrats... I'll be there in 3-4mths __________________

01-30-2003, 02:51 PM	#14
J.R. WantBoobs.com Industry Role: Join Date: Feb 2002 Location: Calif & Washington Posts: 3,472	Buy my house in Napa, $699,000 Pool and Spa.. and more.

01-30-2003, 03:53 PM	#16
Jakke PNG ex-TeenGodFather Industry Role: Join Date: Nov 2001 Location: Suomi Finland Perkele Posts: 20,306	Owning an apt sucks Well... not really, unless it's in Helsinki. It's cold and I wanna get out of here. Anyone wanna buy my appartement? heheh.. or switch it even to a nice one somewhere warm. __________________ ..and I'm off.

01-30-2003, 03:56 PM	#17
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	We signed the papers Tuesday and waiting for the bank to approve our mortgage, onyl $30K. But if they say no get ready for some offers from us, we will need to raise the cash quickly. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

01-30-2003, 08:07 PM	#18
wimpy Confirmed User Industry Role: Join Date: Jan 2003 Location: Cali Posts: 607	I'd take a studio in san fran. __________________ Fyodor Dostoyevsky wrote: "Every man has reminiscences which he would not tell to everyone but only his friends. He has other matters in his mind which he would not reveal even to his friends, but only to himself, and that in secret. But there are other things which a man is afraid to tell even to himself, and every decent man has a number of such things stored away in his mind." icq 8243657

01-30-2003, 08:57 PM	#19
DrGuile Confirmed User Join Date: Jan 2002 Posts: 2,025	I just bought a Condo in Montreal. real nice place, Im really excited! 2 bedrooms and a mezzanine, a fireplace, a skylight, a nice balcony where ill be able to bbq! yah baby! __________________ LiveBucks / Privatefeeds - Giving you money since 1999 Up to 50% Commission! 25% Webmaster Referal Powered by Gamma

01-30-2003, 09:17 PM	#20
Plugger Confirmed User Industry Role: Join Date: Jul 2001 Location: North Coast Posts: 592	good luck! A small place in SF is like a palace most other places . . .

01-30-2003, 10:46 PM	#24
gregtx Confirmed User Industry Role: Join Date: Jan 2002 Location: Dallas, TX Posts: 1,929	yes buyers market.. with low interest rates.. you can lock in at a great rate... if you have a strong realty area.. then even better... buy at $250K.. and flip it in a year or two for $300k plus... beats the stock market these days __________________ Processing Partners http://www.processingpartners.com

01-30-2003, 11:32 PM	#25
RottenPug Confirmed User Join Date: Oct 2002 Location: NewYork Posts: 456	It's apparent you don't buy much real estate, The market is at an all time high which doesn't not make it a buyers market. You honestly think a couple of intrest points make a difference in buying a home? All these towel heads have to do is blow up ONE mall and this economy will go to shit the loss jobs will be unprecedented. Which means people would not be able to afford those low intrest rate homes you are talking about. Now if this were to happen it would be a buyers market. __________________ Promote Longz - Highest Paying Pill Sponsor Now Offering a DVD!