In article , "Kim W5TIT"
writes:

Weren't you folks having a place built, Kim? Or are we talking about the
same thing?

No, no! We're not having a place built...we are ordering a manufactured
home (trailer, whatever-you-want-to-call-it). We are all set with land, and
explored building. But, for some reason, neither of us is particularly
interested in dealing with having one built (there's not one good experience
we've ever had relayed about dealing with builders...LOL).

I lump buying/setting up a new manufactured or modular home in with building,
though obviously they're not exactly the same. Main thing is you're talking
about the same project (getting a new place).

Know what? One
mortgage company so far has told us, "you have a lot of room to move,"
meaning that we can get into something much bigger and more expensive
than
we are looking for. They seem shocked that we aren't interested in
"maxxing" out our limit!!

Sure. I've encountered that, too, in all sorts of transactions, Their
focus is
very narrow. And their fees and commissions are based on the selling
price.

And note that reselling mortgages is pretty standard, so the people who
sold you the house and mortgage won't be holding the bag if you do default.

Yep, we've already been told as soon as the "deal is done," the mortgage
will be sold.

I wonder how those folks make their money, with all the paperwork involved, but
I suppose that if somebody handles ten million dollars in mortagages per month
and gets 0.1% commission, it adds up...

And, you're right about bankruptcy, too. When I said to a lender that we
weren't comfortable with the expense they were suggesting, they said we
could afford it and didn't know what the problem was.

Of course not. It's not their money or their house!

Or the accomplishment of having excellent credit!

Right! You shoulda seen the looks on their faces when I started reciting my
credit history.....

I told them I think
about things like potentially losing my job or my husband losing his.
The
come back was that we always have bankruptcy available!!!

Now *that's* a new one! ;-)

Point is that the lenders &tc won't protect us from ourselves. *We* have
to do that.

Precisely what we're doing...

And a good thing too....

Here's another one for ya: I bet neither of us would have any problem getting a
30 year mortgage, even though we'd be nearly 80 when said mortage was paid off
(barring any advance payments). Huh?

73 de Jim, N2EY

"N2EY" wrote in message
...
In article , "Kim W5TIT"

writes:

Weren't you folks having a place built, Kim? Or are we talking about
the
same thing?

No, no! We're not having a place built...we are ordering a manufactured
home (trailer, whatever-you-want-to-call-it). We are all set with land,
and
explored building. But, for some reason, neither of us is particularly
interested in dealing with having one built (there's not one good
experience
we've ever had relayed about dealing with builders...LOL).

I lump buying/setting up a new manufactured or modular home in with
building,
though obviously they're not exactly the same. Main thing is you're
talking
about the same project (getting a new place).

Know what? One
mortgage company so far has told us, "you have a lot of room to move,"
meaning that we can get into something much bigger and more expensive
than
we are looking for. They seem shocked that we aren't interested in
"maxxing" out our limit!!

Sure. I've encountered that, too, in all sorts of transactions, Their
focus is
very narrow. And their fees and commissions are based on the selling
price.

And note that reselling mortgages is pretty standard, so the people who
sold you the house and mortgage won't be holding the bag if you do
default.

Yep, we've already been told as soon as the "deal is done," the mortgage
will be sold.

I wonder how those folks make their money, with all the paperwork
involved, but
I suppose that if somebody handles ten million dollars in mortagages per
month
and gets 0.1% commission, it adds up...

And, you're right about bankruptcy, too. When I said to a lender that
we
weren't comfortable with the expense they were suggesting, they said
we
could afford it and didn't know what the problem was.

Of course not. It's not their money or their house!

Or the accomplishment of having excellent credit!

Right! You shoulda seen the looks on their faces when I started reciting
my
credit history.....

I told them I think
about things like potentially losing my job or my husband losing his.
The
come back was that we always have bankruptcy available!!!

Now *that's* a new one! ;-)

Point is that the lenders &tc won't protect us from ourselves. *We*
have
to do that.

Precisely what we're doing...

And a good thing too....

Here's another one for ya: I bet neither of us would have any problem
getting a
30 year mortgage, even though we'd be nearly 80 when said mortage was paid
off
(barring any advance payments). Huh?

73 de Jim, N2EY


snicker Well, believe it or not, that is what we're going for. We
thought about the 15-year but what we decided is we'd rather double/triple
payments at our own control...just for the very reason of potential job
loss.

I need to send you an email on another, personal note... I'll do it soon,
remind me if I don't!

Kim W5TIT

"Dee D. Flint" wrote in message
y.com...

"Dwight Stewart" wrote in message
ink.net...
"Dee D. Flint" wrote:

This would be the ruination of the economy. The
government is not, never has been, and never will
be competent to manage the economy.


The government has managed the economy in some form or another since
the
very beginning. And, in spite of what you say, this country with that
government has done pretty darn well over those many years.

No it's more a case of the economy has done well despite the government.

Dee D. Flint, N8UZE


Watchit Dee! You're going to **** 'im off... :o

Kim W5TIT

N2EY wrote:
Here's another one for ya: I bet neither of us would have any problem getting a
30 year mortgage, even though we'd be nearly 80 when said mortage was paid off
(barring any advance payments). Huh?

My xyl works in the housing industry. There are people who are in their
60's and up getting those mortgages. Go figure.

- Mike KB3EIA -

In article , "Kim W5TIT"
writes:

Here's another one for ya: I bet neither of us would have any problem
getting a
30 year mortgage, even though we'd be nearly 80 when said mortage was
paidoff (barring any advance payments). Huh?

73 de Jim, N2EY

snicker Well, believe it or not, that is what we're going for. We
thought about the 15-year but what we decided is we'd rather double/triple
payments at our own control...just for the very reason of potential job
loss.

Get yerself an amortization printout and notice how little you pay off the
principal each month on a 30 year. Which means if you can come up with just
that much extra each month, you can take a month off for each month - or more.
And as you say, if you run into trouble you just don't put in the extra for a
while.

There's also a completely opposite philosophy that some folks use. They figure
it's *better* to *not* pay off the mortgage any faster than you have to,
because the interest is deductible if you itemize, and the lowest rate the
average person can get is for a first mortgage of their primary residence.
Instead, they say, pay off all your other debt or don't get into it in the
first place.

I need to send you an email on another, personal note... I'll do it soon,
remind me if I don't!

Consider yourself reminded!

73 es GL in the new place de Jim, N2EY

"N2EY" wrote:

But has the country's economy done well because
of the government's influence, or in spite of that
influence?


I guess the answer to that lies in whether you've personally benefited
from that influence or not (or, to some extent, which piece of that
influence you focus on). Certainly corporations and taxpayers aren't always
thrilled by the influence, but those who benefited from the "New Deal,"
cheap transportation on modern highways, the minimum wage, women's
participation in the workplace, and other things that impacted the economy,
may have a slightly different opinion.


Dwight Stewart (W5NET)

http://www.qsl.net/w5net/

"Dee D. Flint" wrote:

No it's more a case of the economy has done well
despite the government.


Addressed that in my reply to Jim's message.


Dwight Stewart (W5NET)

http://www.qsl.net/w5net/

"JJ" wrote:

Might as well give it up Dwight, I find it futile
to discuss class or good taste with someone
who choses a call sign like Kim's.


I'm still waiting for her "wicca friends" to cast a spell on me to prove
they actually can (a conversation we had many months ago). I posted that
challenge after she expressed support for wiccan beliefs and got angry when
I said it was all nonsense. After the challenge, she claimed Wicca's don't
believe in spells. I then showed at least a dozen web sites, out of
hundreds, where Wicca's do indeed claim they can cast spells and charms
(including the type of spell in my challenge).

As for her callsign, Larry has taken that just about as far as it can go.
I'm not offended by her callsign, but I certainly do think she could have
made a better choice.


Dwight Stewart (W5NET)

http://www.qsl.net/w5net/

"Phil Kane" wrote:

From a Clearing in the Silicon Forest
Beaverton (Washington County) Oregon


Hey, when did you move to Oregon, Phil? You were in SF the last time we
talked, weren't you? If so, you move more then we do.


Dwight Stewart (W5NET)

http://www.qsl.net/w5net/

"N2EY" wrote:

Could be - what is it that you expect?


Ah, you ought to know the answer to that, Jim. Absolutely everything! I
want to live in the country but have all the benefits of the city as close
as possible. I want warm weather, but not too warm. I want a business
nearby, but don't want to live near anywhere with enough traffic to actually
support that business. I want to live near family, but certainly not too
close (and haven't decide what too close is). I want to live near water, but
don't want to pay the premium prices often associated with living near
water. I think you get the idea. ;-)


Dwight Stewart (W5NET)

http://www.qsl.net/w5net/