Aaa Home Furniture

Do you think I can afford this house?
My husband and I want to purchase this house. It is $60,000. We will put down 20% ($12,000) and get a 15 yr mortgage, at 4.625%. The payments will be $370 a month, and $200 in property taxes. ($570 total). The seller will pay 4% towards closing costs, plus $500 for flooring allowance ($2,900 total). We have been approved for a $100,000 mortgage.

My husband makes $2,600 a month after taxes ( up to $3,100 w/ overtime) and I make $700 a month, but take out $500 to save up for the upcoming semester of school. After, we have $2,800 monthly income.

We have about $8,000 in investments, and $20,000 saved up for the purchase of this house. Upon purchase, after a 2008 tax amendment, we will get a check mailed to us for $6,000, thanks to the first-time home buyer tax credit! :)

We will need to pay utilities, home related insurances (home insurable for $50 a month- AAA), $250 a month for cell bill, and car insurance, and a couple small expenses. I have $3,000 in student loans that I won't need to pay in for at least 2 years. ( I may not end up paying, as my parents generously suggested they might may as grad gift) and he has $200 in credit card debt currently, that he is paying off ASAP (car repair last month) We don't typically use credit cards for everyday purchases.

The house doesn't appear to need any major repairs, inspection came in near flawless. The kitchen is outdated, but that can wait.

Can we afford this home? Also, we are just starting out. We don't have furniture and don't expect to buy a houseful at once. But, how much do you think we will be able to spend for furniture and cosmetic updates, if any?

Thank you for reading this, and for your advice!
Lmao. No Julez, far from ghetto. Kinda the in the country actually. Its a repo but a beautiful home. I'm guessing you live in a city in Cali or something?

You can afford this house. Congratulations.

At $570 a month for mortgage (property taxes included) and an approximate gross Income of around $4000/month you use less than 20% of your gross income towards the mortgage. (the recommended "safe zone is 28% to 30%). Your other liabilities are minor and you have virtually no credit card bills. Even the $3000 you owe on the student loan should not be a burden.

I don't know where you live.... but I wished I could rent a house for under $600 a month and would be in 7th heaven if I could find a decent house to buy at $60K.

Go for it.... and keep adding to your emergency funds. Furniture can be found cheap in any thrift store and if you give yourself the time to look you will find decent furniture. You should look into buying energy efficient washer and dryer and check your water heater. If it is old... replace it with a new energy star model and you will save a lot in utilities.

Your bank approved you for $100K - don't get tempted and use the remaining 40K to buy furniture and make improvements right away.
Instead keep your saving habits and tackle one job at a time with money you have saved for each project.

If you don't overdo the upgrades right away and spend money that you don't own... you will be fine.

2009-05-22 20:46:04 by Syd C

AAA City Removalist Sydney Home & Office Removals in Sydney. One of the largest, affordable and most reputable Furniture Removalist with over ...

INVITED me to stay when I wanted to relocate, I pay more than my fair share of expenses. Since about the 2nd week I was there, I was always needed for a favor, can i use your car, can i borrow money, will you get me cigs and I will pay you back, can you cover my furniture payment.....blah blah blah. now they treat me like crap. The other day I had my bros car towed on my AAA cause he had no other way to get it back home. And now hes taking pot shots at me and making stupid cruel comments to me. I try to ignore it, I am in their house so I guess I have to put up with the abuse until I can get into my own place, but why are they treating me like this ?
When I finally Do leave, what are the bets thet thay will turn on eachother now that have dont have me to kick around ?

Sounds like they are using you or at least getting as much from you as they can coz you are staying in their place. Never mind it but get out as soon as possible. In the meanwhile, tell them how you feel and how hurt you are when they treat you the way they do.

2007-08-14 09:09:31 by kimmy3

Price: $9.95 $3.65

Candle not included.
Weight 0.8 lb.
Metal and glass.

Do you think I can afford this house?
My husband and I want to purchase this house. It is $60,000. We will put down 20% ($12,000) and get a 15 yr mortgage, at 4.625%. The payments will be $370 a month, and $200 in property taxes. ($570 total). The seller will pay 4% towards closing costs, plus $500 for flooring allowance ($2,900 total). We have been approved for a $100,000 mortgage.

My husband makes $1,900 a month after taxes ( up to $2,300 w/ overtime) and I make $700 a month, but take out $500 to save up for the upcoming semester of school. After, we have $2,100 monthly income.

We have about $8,000 in investments, and $21,000 saved up for the purchase of this house. Upon purchase, after a 2008 tax amendment, we will get a check mailed to us for $6,000, thanks to the first-time home buyer tax credit! :)

We will need to pay utilities, home related insurances (home is insurable for $50 a month- AAA), $250 a month for cell bill, and car insurance, and a couple small expenses. I have $3,000 in student loans that I won't need to pay in for at least 2 years. ( I may not end up paying, as my parents generously suggested they might may as grad gift) and he has $200 in credit card debt currently, that he is paying off ASAP (car repair last month) We don't typically use credit cards for everyday purchases.

The house doesn't appear to need any major repairs, inspection came in near flawless. The kitchen is outdated, but that can wait.

Can we afford this home? Also, we are just starting out. We don't have furniture and don't expect to buy a houseful at once. But, how much do you think we will be able to spend for furniture and cosmetic updates, if any?

Thank you for reading this, and for your advice!

You seem to have done everything right! You certainly can afford the home. There is one thing that does seem odd. The amount of the taxes per month of $200 is very high. $2400 per year on a $60,000 house is obscene. You may want to see what the courthouse has that house valuated at and get it lowered. In my part of the US a $2400 tax bill would put your house $250,000.

Call the assessor and get that lowered. Other than that you're perfect!

Enjoy your new home!

2009-05-24 14:46:35 by Jen Smith

Do you think I can afford this house?
My husband and I want to purchase this house. It is $60,000. We will put down 20% ($12,000) and get a 15 yr mortgage, at 4.625%. The payments will be $370 a month, and $200 in property taxes. ($570 total). The seller will pay 4% towards closing costs, plus $500 for flooring allowance ($2,900 total). We have been approved for a $100,000 mortgage.

My husband makes $1,900 a month after taxes ( up to $2,300 w/ overtime) and I make $700 a month, but take out $500 to save up for the upcoming semester of school. After, we have $2,100 monthly income.

We have about $8,000 in investments, and $21,000 saved up for the purchase of this house. Upon purchase, after a 2008 tax amendment, we will get a check mailed to us for $6,000, thanks to the first-time home buyer tax credit! :)

We will need to pay utilities, home related insurances (home is insurable for $50 a month- AAA), $250 a month for cell bill, and car insurance, and a couple small expenses. I have $3,000 in student loans that I won't need to pay in for at least 2 years. ( I may not end up paying, as my parents generously suggested they might may as grad gift) and he has $200 in credit card debt currently, that he is paying off ASAP (car repair last month) We don't typically use credit cards for everyday purchases.

The house doesn't appear to need any major repairs, inspection came in near flawless. The kitchen is outdated, but that can wait.

Can we afford this home? Also, we are just starting out. We don't have furniture and don't expect to buy a houseful at once. But, how much do you think we will be able to spend for furniture and cosmetic updates, if any?

Thank you for reading this, and for your advice!

You can afford it, not much more than rent, probably. Work out a budget, stick with it and don't ever count on overtime. Just let that be a windfall bonus

2009-05-24 14:45:31 by Jen Smith

Do you think I can afford this house?
My husband and I want to purchase this house. It is $60,000. We will put down 20% ($12,000) and get a 15 yr mortgage, at 4.625%. The payments will be $370 a month, and $200 in property taxes. ($570 total). The seller will pay 4% towards closing costs, plus $500 for flooring allowance ($2,900 total). We have been approved for a $100,000 mortgage.

My husband makes $1,900 a month after taxes ( up to $2,300 w/ overtime) and I make $700 a month, but take out $500 to save up for the upcoming semester of school. After, we have $2,100 monthly income.

We have about $8,000 in investments, and $21,000 saved up for the purchase of this house. Upon purchase, after a 2008 tax amendment, we will get a check mailed to us for $6,000, thanks to the first-time home buyer tax credit! :)

We will need to pay utilities, home related insurances (home is insurable for $50 a month- AAA), $250 a month for cell bill, and car insurance, and a couple small expenses. I have $3,000 in student loans that I won't need to pay in for at least 2 years. ( I may not end up paying, as my parents generously suggested they might may as grad gift) and he has $200 in credit card debt currently, that he is paying off ASAP (car repair last month) We don't typically use credit cards for everyday purchases.

The house doesn't appear to need any major repairs, inspection came in near flawless. The kitchen is outdated, but that can wait.

Can we afford this home? Also, we are just starting out. We don't have furniture and don't expect to buy a houseful at once. But, how much do you think we will be able to spend for furniture and cosmetic updates, if any?

Thank you for reading this, and for your advice!

Sounds to me like you are going to be new homeowners! I think you would be a fool not to buy it. It is the best investment you can make.
Your 20% down means no mortgage insurance so that is great.
I would check to see i you really need that tax credit. From what I understand it is just a loan anyway.
I say gp for it and get that house!

2009-05-24 14:43:42 by Jen Smith