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Old May 5th, 2013, 07:13 AM   #21
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How is having your neighbor come up to you and offer to sell his house to you the same as someone out searching for houses on the market and competing with every other person looking searching for a house?
It's about as relevant as that one time that I forgot to bring my fishing pole to watch a pga tour event while remembering my lions jersey for the nascar race at mis, while remembering to wish my ex wife a happy anniversary on christmas
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Old May 5th, 2013, 07:14 AM   #22
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I can't wait to watch this epic failure play out.

Will you move back into your parents basement while building your epic house.....oh, wait.
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Old May 5th, 2013, 07:37 AM   #23
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Man I was actually hoping to see some good answers for this question...

I'll be house hunting starting the end of this year, and if I don't buy a house with a pole barn, I want to try to get enough extra in the loan to build one.
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Old May 5th, 2013, 07:51 AM   #24
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Man I was actually hoping to see some good answers for this question...

I'll be house hunting starting the end of this year, and if I don't buy a house with a pole barn, I want to try to get enough extra in the loan to build one.
A real estate or mortgage forum might be a better bet to get your answers.....
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Old May 5th, 2013, 07:52 AM   #25
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Man I was actually hoping to see some good answers for this question...

I'll be house hunting starting the end of this year, and if I don't buy a house with a pole barn, I want to try to get enough extra in the loan to build one.
Buy the house, then get an equity loan to build the pole barn.


Oh, and if skoots sold off his unfinished projects he wouldn't need a loan.
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Old May 5th, 2013, 07:59 AM   #26
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This is going to be awesome...skooterdud should write a book on how to live life. Call it something like, "memoirs from the basement" or "it's a collection not a disease"
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Old May 5th, 2013, 08:01 AM   #27
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This is going to be awesome...skooterdud should write a book on how to live life. Call it something like, "memoirs from the basement" or "it's a collection not a disease"
Or "Outlive your Parents - Home ownership the easy way"
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Old May 5th, 2013, 09:49 AM   #28
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A real estate or mortgage forum might be a better bet to get your answers.....

I wasn't in a big rush, but I read through all of that with very little information. X2 on calling a mortgage broker. I don't want to talk to any because they'll start hounding me. I don't want to deal with it at this point.




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Or "Outlive your Parents - Home ownership the easy way"


...

If my dad ends up with jail time I'll have my own house for a while.
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Old May 5th, 2013, 11:19 AM   #29
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A real estate or mortgage forum might be a better bet to get your answers.....
Seeing how individuals here normally like having some property with a pole barn where as a typical American does not consider this important, a forum like this make more logical sense Jeffrey to farm for simple answers. With my work I never go into any situation without basic understanding of what I'm talking about.

And I don't consider it a basement, more like a studio apartment a person who would buy a house then get an equity loan is the same person who believes western sky won't fukc them. It's smarter to get a 203k repair loan however they typically only apply to improvements that add to a houses value; new kitchen cabinets/counter tops or hardwood flooring. I'm not sure a pole barn would fall into that category.
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Old May 5th, 2013, 11:20 AM   #30
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I just bought a house, its a tough game out there right now for anything reasonably priced. The day my offer was approved but just before it was approved, they showed my house to 3 other people. I'm lucky to have got my house, I was just a tad faster than the other people and it helped my first offer was accepted.
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Old May 5th, 2013, 11:34 AM   #31
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Seeing how individuals here normally like having some property with a pole barn where as a typical American does not consider this important, a forum like this make more logical sense Jeffrey to farm for simple answers. With my work I never go into any situation without basic understanding of what I'm talking about.

And I don't consider it a basement, more like a studio apartment a person who would buy a house then get an equity loan is the same person who believes western sky won't fukc them. It's smarter to get a 203k repair loan however they typically only apply to improvements that add to a houses value; new kitchen cabinets/counter tops or hardwood flooring. I'm not sure a pole barn would fall into that category.
I call major bullshit, the fact you think an equity load is stupid shows you have no idea what you are talking about. An equity load to buy toys is a dumb idea, but there are situations where an equity load makes sense. A prime example is a 80/10 or 80/20 loan. The savings on the interest beats paying PMI in some situations...but hey I own a home, what do I know?
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Old May 5th, 2013, 11:36 AM   #32
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A 203k loan allows you to have a contractor come in and give an estimate on what you want remodeled. The bank then determines if the estimate plus the price of the home would equal the new value. If they do they will loan o we the value of the house.

Google it.
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Old May 5th, 2013, 11:47 AM   #33
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Originally Posted by Skooter_Built View Post
Seeing how individuals here normally like having some property with a pole barn where as a typical American does not consider this important, a forum like this make more logical sense Jeffrey to farm for simple answers. With my work I never go into any situation without basic understanding of what I'm talking about.

And I don't consider it a basement, more like a studio apartment a person who would buy a house then get an equity loan is the same person who believes western sky won't fukc them. It's smarter to get a 203k repair loan however they typically only apply to improvements that add to a houses value; new kitchen cabinets/counter tops or hardwood flooring. I'm not sure a pole barn would fall into that category.
What you quoted was not directed at you, Andrew. What I recommend for you Andrew, is to pull your egotistical retard head out of your thong wearing ass, Andrew.
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Old May 5th, 2013, 11:54 AM   #34
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I call major bullshit, the fact you think an equity load is stupid shows you have no idea what you are talking about. An equity load to buy toys is a dumb idea, but there are situations where an equity load makes sense. A prime example is a 80/10 or 80/20 loan. The savings on the interest beats paying PMI in some situations...but hey I own a home, what do I know?
My understanding was the talk of having a mortgage then immediately getting an additional home equity loan on top of the mortgage. That's how I perceived the response. I haven't looked into a loan like that as I originally thinking of fha loans.

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A 203k loan allows you to have a contractor come in and give an estimate on what you want remodeled. The bank then determines if the estimate plus the price of the home would equal the new value. If they do they will loan o we the value of the house.

Google it.
Yes that's why I said only improvements that improve the value of the home, I didn't say the work gas to be done buy a contractor. My sister and brother in law just got a house with a 203k loan. They could replace the carpet with hardwood and redo the kitchen counter tops but couldn't replace the windows that were garbage.
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Old May 5th, 2013, 11:56 AM   #35
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What you quoted was not directed at you, Andrew. What I recommend for you Andrew, is to pull your egotistical retard head out of your thong wearing ass, Andrew.
Whoops! My bad reading before coffee = no good.
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Old May 5th, 2013, 12:05 PM   #36
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Yes that's why I said only improvements that improve the value of the home, I didn't say the work gas to be done buy a contractor. My sister and brother in law just got a house with a 203k loan. They could replace the carpet with hardwood and redo the kitchen counter tops but couldn't replace the windows that were garbage.

I didn't notice you had already mentioned this. Our realtor brought it up to me while house searching. I didn't use one we got a rural development loan.
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Old May 5th, 2013, 12:33 PM   #37
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Whoops! My bad reading before coffee = no good.
Andrew, your thong may be too tight. May want to loosen that up Andrew.
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Old May 5th, 2013, 12:38 PM   #38
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Whoops! My bad reading before coffee = no good.
Quote:
Originally Posted by Skooter_Built View Post
Seeing how individuals here normally like having some property with a pole barn where as a typical American does not consider this important, a forum like this make more logical sense Jeffrey to farm for simple answers. With my work I never go into any situation without basic understanding of what I'm talking about.

And I don't consider it a basement, more like a studio apartment a person who would buy a house then get an equity loan is the same person who believes western sky won't fukc them. It's smarter to get a 203k repair loan however they typically only apply to improvements that add to a houses value; new kitchen cabinets/counter tops or hardwood flooring. I'm not sure a pole barn would fall into that category.

Whoops foot in my mouth
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Old May 5th, 2013, 08:06 PM   #39
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I was really hoping for a lot more epicness.
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Old May 6th, 2013, 06:30 AM   #40
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Yes, building a house is waaaaay easier than purchasing one. Contractors always do what they say, when they said they would do it. The crew guys care more about your house than you do, making sure all the trim is correct, plugs and fixtures match, paint is nice, things are straight and done right, etc. You barely have to watch over them. a few eeeks later PoOOF! you have a brand new house.
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