Search results

@RhondaHonda , my Wife and I spent the month of May in Rio Rico, AZ. We shopped at the Wal Mart and Home Depot in Nogales. Everyone was super nice in Nogales. No need to lock a car. Law enforcement in Nogales pulled over drivers for traffic infractions. The area was wonderful. In Seattle/...

Studying the inflationary times of the late 1970s-early 1980s, house prices never flinched, even at 18 percent interest rates for mortgages. Not one year during the high interest rate times of that era did housing prices decline. Look at Illinois, 11 continual years of population decline...

That might be the most uncluttered garage in all of BITOG!

Find it very weird the subject of the article is herself a loan officer.

Worthy read. I don't concur with the article, but always good to have different viewpoints. What I see with the decline in some home prices is simply houses that are lemons and significantly overpriced, seeing price reductions. We toured the below house. The home originally listed at $585k USD...

Eating outside at White Castle in Goodyear, AZ. Temperature is 112 degrees, but being outside in the shade beats being inside the dining room with air conditioning about 62 degrees. Food is good. Pop machine was out of most drinks, had to go with caffeine free diet coke.

https://www.lycoming.com/

Here is a question asked on an application today. For a Leader, A should be the correct answer. It is assumed that C is part of what a leader does as a implied task. I selected C, but as posted, A is the correct answer: Select the one response that best describes your leadership...

As @Astro14 mentioned, extractors for Mercedes when feasible is the way to go when changing motor oil. I have numerous Mercedes and exclusively use an extractor for removing engine oil. With the top mounted canister oil filter, one doesn't even need to get under the vehicle. My extractor...

Not sure how good this video is, but might be worth watching for some:

A little "old world" music, drinking some good coffee on a Sunday morning and appreciating this music and the landscape:

Tim, Very helpful and thought-provoking quote.... thank you.

Good Sunday morning read- inspirational and motivational. 1971 Green Beret Captain Richard Flaherty stands next to 6'6" Pfc. Nipps. Richard J. Flaherty due to complications at his birth only grew to 4-Foot-9-inches tall 97-Pounds. Coming from a family of military heroes Richard also wanted to...

Nobody can guess future interest rates. With the significant rise in US debt and deficit, wonder how likely rates will be able to return to historical lows that we saw three years ago?

The closing costs are a half percent of the mortgage balance.

Yes, the assumption requirement is a 700 credit score and a under 40 percent debt to income, employment projected for one year out, and buyer must occupy the home..not to overwhelming requirements.

Thanks SCM. Does the calculator also include the potential benefits of a lower payment, and redeploying that saved capital into other investments? Fictional example: 2.25 percent monthly payment of $2500 7.5 percent monthly payment of $5000 After five years, the payment difference is $150k...

That's a good point. Should also add that if I assume the loan, I can also sell the property with the assumable loan.

How does a buyer place a value in a assumable mortgage on a single family home? Came across a single family home, $570k asking price. 27 1/ 2 years left on the mortgage, 2.25 percent interest rate. $460k balance on the mortgage. House is being listed at about $30 per square foot higher than...