This being in debt is getting the best..

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iVillage Member
Registered: 03-19-2003
This being in debt is getting the best..
18
Wed, 12-21-2005 - 10:20am

of me today!


I just keep going through all the numbers in my head trying to figure out a way to make it work out better and frankly it just doesn't.

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iVillage Member
Registered: 10-12-2005
Wed, 12-21-2005 - 10:50am
Cheer up! I keep thinking, it's a new year approaching, things will get better...
iVillage Member
Registered: 05-09-2003
Wed, 12-21-2005 - 10:54am
have you tried mr clean eraser? that works like magic on crayons/markers!
Avatar for cl_beckymk
iVillage Member
Registered: 03-19-2003
Wed, 12-21-2005 - 12:30pm
Yes, we tried that at one point and it just peeled the cheap white paint that was on the walls when we moved in, off.
iVillage Member
Registered: 03-27-2003
Wed, 12-21-2005 - 12:44pm
Hi Becky,
Sorry to hear that you are so down. You have been a source of inspiration to many of us.
There is a new product on the market when you go to refinance. It was offered to us, but we want to live here for a long time - so we didn't take it. Its a interest only loan. You can get it on your primary mortgage now and some people are taking it if they do not intend to stay in the house a long time - or do not care about building equity. The option is desperate, but so is a 40 year mortgage.
Try to remember its only money (I know it is almost impossible). You have a wonderful family and a great spirit.
Good luck
Sandra
Avatar for cl_beckymk
iVillage Member
Registered: 03-19-2003
Wed, 12-21-2005 - 1:00pm

Sandra - I was looking at those too but I don't understand exactly what they are - so it made my head spin.


I mean, I understand you are only paying the interest up-front but what I can't figure out is how it is worded.


I was seeing things like 10/1 ARM, etc...


So, is it you pay interest only for 10 years and then it adjusts to whatever the current interest rate is at that time?

iVillage Member
Registered: 03-27-2003
Wed, 12-21-2005 - 2:57pm

Hi Becky,


I don't know if you saw my post a while back to you in the check-in folder, or if you checked into

iVillage Member
Registered: 12-05-2004
Wed, 12-21-2005 - 6:47pm


Our home is the same way. We are keeping it comfortable and "livable" until our son is much much older (and our dog remembers that he's been housetrained three times already! LOL!). We put it up on the market a couple of years ago, and although we had no intention of selling the furniture 'with' the house, we got people who complained that we had a futon in our upstairs living room, and that they would rather have seen a normal couch there, and other comments on our furniture. But like I told my realtor....the futon cover can slide right off and be plopped into the washer, and when it's a cold winter night, and everyone wants to curl up together in front of the fireplace....what better way to do it than laying on a futon that's been made down into a bed that will fit myself, DH, Ds, and our dog, and we can all talk about our Christmas plans and New Year dreams? I refuse to change my home around just to sell it. :-D There's always tomorrow, and by that, I mean about 10 years from now when our son will go off to college, and I can patch up the years of childhood/teenage damage. :-D

Pat :-D

iVillage Member
Registered: 12-12-2004
Wed, 12-21-2005 - 7:55pm
Hi, Becky. Well, I can certainly emphathize. Come on over to my house. You will see what the cats have, somewhat, destroyed. Our furniture and couches are over 10 yrs old. Kitchen is way outdated and too small. The mortgage--oh, my., another story. I keep telling myself to not do the "if only" , "then" game. Soo, am hoping for a better 2006. Whiz.
iVillage Member
Registered: 08-19-2003
Wed, 12-21-2005 - 8:10pm

Becky I really hate to tell you this, but if you need a 40 year loan, then you really can't afford your house. Dave Ramsey recommends a 15 year fixed mortgage, so a 30 year fixed is really pushing it.

You really need to get income. I just put my daughter in daycare , she will be 2 and she loves it. We finally have money again, can afford to do things and still pay towards the debt. I know this is not what you "want" to hear, but sometimes you just have to do what is the best.

Shannon


Pregnancy%20ticker
Avatar for cl_beckymk
iVillage Member
Registered: 03-19-2003
Wed, 12-21-2005 - 9:40pm

Oh, I know logically we really can't afford the house but we are squeaking by.

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