This being in debt is getting the best..
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This being in debt is getting the best..
| 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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Becky
CL of 4th, 5th & 6th grade Scoliosis
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
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?
Becky
CL of 4th, 5th & 6th grade Scoliosis
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
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
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
Oh, I know logically we really can't afford the house but we are squeaking by.
Becky
CL of 4th, 5th & 6th grade Scoliosis
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