Originally Posted by chiefzilla999:
Bought my first home. I got a 2.5% mortgage rate on a 30 year fixed conventional and a 5K first time home buyer grant which I can apply to down payment or closing costs. Boom boom pow.
That's awesome! Get an amortization that you can look at and put in additional principal payments and get that sucker paid off in 10 years and save 100K [Reply]
Originally Posted by chiefzilla999:
Bought my first home. I got a 2.5% mortgage rate on a 30 year fixed conventional and a 5K first time home buyer grant which I can apply to down payment or closing costs. Boom boom pow.
Nice work. You have achieved a key element of the American Dream. [Reply]
Originally Posted by RustShack:
How do you go about getting the 5K first time grant?
FHLB Topeka. Look there for info. I tried to post a link but I'm new and CP won't let me.
Applies to folks in Kansas, Colorado, Nebraska, Oklahoma. You need to live there at least 5 years for full benefit which you should any way if you're buying a house. If you move after 3 years you'd lose 2K of the grant. You must make under a certain amount, etc.
Originally Posted by Hog's Gone Fishin:
That's awesome! Get an amortization that you can look at and put in additional principal payments and get that sucker paid off in 10 years and save 100K
That's one way to look at it but you also have to look at the opportunity cost (Can I make more than 2.50% in the stock market instead of paying extra on the mortgage?)
Originally Posted by Rain Man:
Nice work. You have achieved a key element of the American Dream.
Thank you sir. Hoping to close on it this month. [Reply]
Originally Posted by chiefzilla999:
FHLB Topeka. Look there for info. I tried to post a link but I'm new and CP won't let me.
Applies to folks in Kansas, Colorado, Nebraska, Oklahoma. You need to live there at least 5 years for full benefit which you should any way if you're buying a house. If you move after 3 years you'd lose 2K of the grant. You must make under a certain amount, etc.
That's one way to look at it but you also have to look at the opportunity cost (Can I make more than 2.50% in the stock market instead of paying extra on the mortgage?)
Thank you sir. Hoping to close on it this month.
Hard to argue against making an extra payment or so each year, or a little extra each month. Most would agree though paying off a house all at once if you're in a position to is less profitable than investing that money, especially at that rate. [Reply]
Originally Posted by EPodolak:
Hard to argue against making an extra payment or so each year, or a little extra each month. Most would agree though paying off a house all at once if you're in a position to is less profitable than investing that money, especially at that rate.
30 years is a long time to have a debt hanging over your head so I could see paying it off just for the peace of mind even if it doesn't make the most sense for financial gain. I think later in life is when I would make the more aggressive payments as my investments would become more conservative anyway. [Reply]
Originally Posted by chiefzilla999:
30 years is a long time to have a debt hanging over your head so I could see paying it off just for the peace of mind even if it doesn't make the most sense for financial gain. I think later in life is when I would make the more aggressive payments as my investments would become more conservative anyway.
I had the same philosophy. My financial goals started with the goal of keeping myself from being homeless. I was willing to push harder on the house payments to achieve that goal first and foremost. It's a nice feeling to know that my home is paid for and all mine. [Reply]
I 100% don't get it. Their hydrogen tech seems like it's got a 10% chance of working, and their battery tech isn't anything that a dozen other manufacturers aren't working on. [Reply]
Originally Posted by DaFace:
I 100% don't get it. Their hydrogen tech seems like it's got a 10% chance of working, and their battery tech isn't anything that a dozen other manufacturers aren't working on.
Originally Posted by DaFace:
I 100% don't get it. Their hydrogen tech seems like it's got a 10% chance of working, and their battery tech isn't anything that a dozen other manufacturers aren't working on.
sure thing bud
Cleared things up: Here you go! The Badger Honey package sold out ~1,000 reservations with $5,000 deposit requirements in under 48 hours. About $5,000,000 in deposits on that package alone. Tracking about 1,500 deposits per day without showing badger or 200MM future revenue/day
Okay gents what trading platform do you use for regular trading with extra money? I had used Robinhood before but am open to new platforms. E*Trade a good platform? [Reply]
