I get endless spam about guar;anteed low mort)gauge interest r/\tes. Not
that I've ever given a thought to patronizing businesses through e-mail
spams (and the annoyance factor is only part of that...), but are those
actual businesses advertising that way, or are they scamming?
--
"Don't try to teach a pig how to sing. You'll waste your time and annoy
the pig."
"Gregory L. Hansen" <> wrote
> I get endless spam about guar;anteed low mort)gauge interest r/\tes. Not
> that I've ever given a thought to patronizing businesses through e-mail
> spams (and the annoyance factor is only part of that...), but are those
> actual businesses advertising that way, or are they scamming?
Probably both. I suggest paying cash for your home, this way you will get
the absolute lowest rate.
My daughter recently bought a home and I was trying to help her find a low
rate. The interesting thing was that many lenders who offer the same rate
have very different monthly payments on the same loan amount.
In article <>,
Ed <> wrote:
>
>"Gregory L. Hansen" <> wrote
>
>> I get endless spam about guar;anteed low mort)gauge interest r/\tes. Not
>> that I've ever given a thought to patronizing businesses through e-mail
>> spams (and the annoyance factor is only part of that...), but are those
>> actual businesses advertising that way, or are they scamming?
>
>Probably both. I suggest paying cash for your home, this way you will get
>the absolute lowest rate.
>
>My daughter recently bought a home and I was trying to help her find a low
>rate. The interesting thing was that many lenders who offer the same rate
>have very different monthly payments on the same loan amount.
I'm nowhere near buying a home. But I think you have to look beyond just
getting the lowest interest rate. If it takes you 10 years to save up
enough money to buy a home in cash, that's 10 years paying rent, close
enough to $100,000. Also 10 years without a house.
--
"Experiments are the only means of knowledge at our disposal. The rest is
poetry, imagination." -- Max Planck
"Gregory L. Hansen" <> wrote
> I'm nowhere near buying a home. But I think you have to look beyond just
> getting the lowest interest rate. If it takes you 10 years to save up
> enough money to buy a home in cash, that's 10 years paying rent, close
> enough to $100,000. Also 10 years without a house.
Good point. I did have a mortgage on our first house. Damn thing cost me
$26,900.
Pretty nice house too. Long time ago. The guy I bought it from bought it new
for $5,000.
I sold it 16 years ago for about $130,000. Since then it has been sold
again, $210,000.
I paid $236,000 for the one I have now and could sell if for
$500,000-$550,000.
$5,000 then $26,900 then $130,000 then $210,000. Definite trend here, don't
wait any longer than you need to.
My son was nervous about buying his first home. I said to him, if you pay
rent and can't pay it, what happens? He said they throw you out. I said it's
the same thing with a house. Go buy a house. He did. Lost his job but sold
his house and came out of it with a profit.
The only way that you can go wrong with buying a house is to pay to much
and/or not keep it up.
"Gregory L. Hansen" <> wrote in message
news:d78l42$oqp$
>
> I get endless spam about guar;anteed low mort)gauge interest r/\tes. Not
> that I've ever given a thought to patronizing businesses through e-mail
> spams (and the annoyance factor is only part of that...), but are those
> actual businesses advertising that way, or are they scamming?
Mostly the latter. The rates look attractive at first, but you end up paying
a higher one if you follow through. Here is an excellent place to find a lot
of useful information about shopping for a mortgage: