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Post by Gunman_sr5 on Dec 10, 2005 23:35:38 GMT -5
While I am home from Dec 13th to Jan 7th I will be looking for a house and a job. I think I have the job covered already. I will be aplying for a VA guarantied home loan, but sill have to go through a normal lender. I am eyeing 1 particular house kinda hard and Kyla has a few for me to look at as well. Any advice anybody wants go give me?
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Post by Jo'Roq on Dec 11, 2005 14:16:37 GMT -5
Have the house inspected before buying.
Also, figure out how long you plan (right now, anyway) to live at the new house. Think about future changes in your furniture (do you want a bigger TV? bigger couch?) and family size. Look at each room in the house, and figure out how you would use it, where the furniture would go, etc.
And the most important part - look specifically for storage areas and the size of each(cabinets, closets, shelves, etc). Moving into the house will be an extended and frustrating process if you suddenly find out you just do not have room for everything you currently own.
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Post by Gunman_sr5 on Dec 11, 2005 15:09:24 GMT -5
Well the house I am lookiing into is a 4 bedroom with 2 storage sheds on the lot pluss a 2 car garage. If we did manage to get this house Kyla only wants to be there a few years as oposed to me staying longer. To get the VA loan the VA will have it inspected by a third party. So thats covered. Its also 3 times the size of my appartment. So I know everthing I have will fit.
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Post by Bear on Dec 11, 2005 22:36:36 GMT -5
Don't fall for gimmick loans. Balloon and adjustable rate mortages are a joke. You are at 40 year lows with interest rates. They are only going to adjust up. Don't fall for it or I will punch you in the nose.
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Post by CkRtech on Dec 12, 2005 0:45:10 GMT -5
....and make sure there aren't any bats in the belfry. HAHA!
<ahem>
sorry, Bear.
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Post by Bear on Dec 12, 2005 7:34:38 GMT -5
What stinks is I don't even have a belfry
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Post by CkRtech on Dec 12, 2005 23:32:52 GMT -5
hmmmmm.....basement?
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Post by StrykerX2K on Dec 13, 2005 19:08:45 GMT -5
I echo what John said....make sure you can imagine future changes....and depending on how much you put down, make sure you stay there long enough t get your money back. It should also be somewhat of an investment, so you want it to have value at some point.
Do the research on the neighborhood and most importantly...check the last 12 months of the electric/gas bill. That is a good sign as to how well the house is insulated and how well the AC unit/units work. The Electric/gas company will give you the totals for the last 12 months at that address. You don't want to get in the house and realize your house payment is $1000.00 a month and your electric bill is $400.00.
Also, my suggestion, for your first house is to put everything in escrow. If you are not good at saving money, escrow is the best way to go to cover your taxes and insurance for teh house.
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