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Most mortgages are for 30 years or less. C and I both have houses to sell so we don’t know how much of a mortgage they need. They may not have any debt at all.
Cathy, just because you and Irving have been “approved” to spend $400,000.00 on a house doesn’t mean you have to! Right now, it’s just the two of you plus your two little dogs so how much room do the four of you really need? You can still find a pretty nice house for around $200,000.00 and not only will the mort-gage payments be lower every month at that lesser amount, but you’ll also be able to pay it off a lot quicker than a $400,000.00 house too. It’s not rocket science . . . it’s just common sense!
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Hi, rgcviper! :-)
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Hello and Happy Monday, fellow Cathy fans. Hope everyonehad a really great weekend and a very nice day today too! :-)
It varies with the area. If you’re in a nice New Jersey suburb where trains run to Manhattan hourly or better, for example, court-ordered “affordable housing” goes for over half a million, and a full-family home is two to four times that much.
SunflowerGirl100 almost 9 years ago
Investing in a mortgage that will take 500 years to pay off – approximately.
AnonaMoaner almost 9 years ago
If you take on that sort of debt to buy a house – a debt you will never pay off in one lifetime – you never actually own the house at all.
locake almost 9 years ago
Most mortgages are for 30 years or less. C and I both have houses to sell so we don’t know how much of a mortgage they need. They may not have any debt at all.
Gretchen's Mom almost 9 years ago
Cathy, just because you and Irving have been “approved” to spend $400,000.00 on a house doesn’t mean you have to! Right now, it’s just the two of you plus your two little dogs so how much room do the four of you really need? You can still find a pretty nice house for around $200,000.00 and not only will the mort-gage payments be lower every month at that lesser amount, but you’ll also be able to pay it off a lot quicker than a $400,000.00 house too. It’s not rocket science . . . it’s just common sense!
 Â
Hi, rgcviper! :-)
Â
Hello and Happy Monday, fellow Cathy fans. Hope everyonehad a really great weekend and a very nice day today too! :-)
Â
John W Kennedy Premium Member almost 9 years ago
It varies with the area. If you’re in a nice New Jersey suburb where trains run to Manhattan hourly or better, for example, court-ordered “affordable housing” goes for over half a million, and a full-family home is two to four times that much.
rgcviper almost 9 years ago
Thrifty, ain’t she? AACK …
HI, MOM. Hello, “Cathy” Clan.