So...I just bought a house, and I've decided what I need to do...

WIN THE LOTTERY!

I don't see any other way. If I want to, you know, make mortgage payments and still eat. I'd really love to stay home when Mr. Groove and I have a baby (No, not yet.) but I don't see that happening. We're going to Disney World next week. A trip we've been planning for over a year. I can see the future, oh yes, this will be our last trip for a while. A long while. Especially if we get that bundle of joy. We'll be driving through Georgia on the way, so I'll hit two state lotteries. Wish me luck.

jbal said:

Good luck! your house payments will go up next year too, even if you don't have an ARM, because of prorated taxes. That is, if you have an escrow account. Mine went up almost $200 a month, and next year should go down by $100 or so.
Have fun at Disney world!

Click to expand...

Thanks, as if I didn't already have a headache!

if you have an escrow account. Mine went up almost $200 a month, and next year should go down by $100 or so. WHY?

SpookyWriter said:

Is it made out of wood?

Click to expand...

Um...Brick basement, and vinyl siding, but it has wood framing and we're going to put in hardwood floors.

TheIT said:

Have you heard the joke about the priest and the lottery?

A priest in a poor parish one day prays to God to win the lottery. "Oh Lord, if only I could win the lottery, I'd use the money for good works. I'd feed the hungry and clothe the poor. Please, please, let me win the lottery!" Day after day, he prays the same prayer, but no luck until one day in his frustration he shouts, "Why, Lord, why haven't I won the lottery?"

And the sky opens up, and a booming voice says, "MEET ME HALFWAY. BUY A TICKET."



Congratulations on your new house!

Click to expand...

I heard that too, but with a blonde.

Jaycinth said:

AS I was sitting down to work all the calculations to show you how you can make that house work for you, I discovered that someone whizzed in my coffee.
That is a sad state of affairs considering that I've been happy and mellow all week...actually since last Thursday. So now I've gotta go out and mangle consultants. Which means no long boring accounting lectures to my friends.
(Oh I can't help this...)

What wood you have prefered?
(Really though...the interest/principal ratio in the first 5 years is usually such that you aren't paying a dangged thing. Mortgage interest and property taxes are tax deductible unless you earn so much (or so little) you can't itemize)

Click to expand...

Hey Jay, thanks. Come back when you have time. I'll listen. The closing lawyer said to divide our mortgage payment by 12, and pay that amount extra per payment towards principal, and we'll have paid the 30 yr. mortgage in about 17 years. She said it's only a good idea if we'll be in the house 5 or more years, and that it really helps to build equity. Example. Mortage payment =900
$900 / 12months=$75 per month
THen send and extra check for $75 marked for principal only along with the mortgage check.

And Rob, I live in Alabama, my house ain't made of peaches!

SpookyWriter said:

Oh cool, a basement. Can I come live in your basement? I'll be really quite, promise.

Congrats on the house, seriously.

Click to expand...

IF you can hang drywall(in basement) and flooring (undetermined)(in basement) and install hardwood(not in basement), oh and paint.

I'll get back to you on that.

Do you do yardwork, too?

MidnightMuse said:

If you win the Lotto, maybe you could afford to shore up that left side?

Click to expand...

LOL, I think the camera is tilted, not the house. That picture is on the realty website. I haven't taken one of my own yet. We don't actually take possesion of the house until Sat. The land slopes towards thehouse, and the back deck is way high up, but the house is level. Really. I think its awkard becuase whoever took it was trying to show the 2 car garage on the side as well as the front of the house.

phfffft.