Recieved an email from my girlfriend about getting a house togeather. Getting the house would mean planning to stay in the area at least five years in order to insure if I was forced to sell I would get a good return. Ran some of the numbers through the loan calculators and what I saw shooked the living crap outta me. Paying nearly 200,000 for a house isn't at the top of my list right now but for future security it would allow me to get away throwing nearly four hundred dollars a month down the drain in rent. I just wish this decision didn't have to come right after I nearly went bankrupt from this previous snafu. Life sucks.
First here is an example of the rates I will be able to get if I stay in the military.
The payment shown is an estimate of your mortgage payment based on your loan amount (70,000), interest rate (6.125) and length of the payment terms(30yr). | ||||||||||||||||||||||||||||||||||||||||||||||||
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