View Full Version : my neighbour is a true fucken blonde'
stubbornforgey
05-31-2007, 05:42 AM
No offence blondes..ok
he bought his house for 190,000$
paid it off...took out a mortgage for 200,000$'s
met a woman..[of course a woman is involved]
recently sold his house for 270,000$ still owing
150,000$ on the borrowed amount.
Just took out another bank loan to buy a 430,000$ home.
then says to me .'fuck kat..i did well'..'sigh':eek:
bwind22
05-31-2007, 07:27 AM
No offence blondes..ok
he bought his house for 190,000$
paid it off...took out a mortgage for 200,000$'s
So at this point, he owes $200,000...
met a woman..[of course a woman is involved]
recently sold his house for 270,000$ still owing
150,000$ on the borrowed amount.
So now, he's up $120,000...
Just took out another bank loan to buy a 430,000$ home.
then says to me .'fuck kat..i did well'..'sigh':eek:
He took the $120,000 (or most of it) and used it as a down payment to buy a house that's twice as expensive as the one he just had. His payment probably went up a little bit each month, but he's got twice the house. As long as he can afford the payments each month (And if he could afford them on $200,000, then he maybe he can affor dthem on a 310,000 mortgage too. WIth a downpayment that size, he could probably get himself a really low interest rate. *shrug* It doesn't sound that dumb to me, but I don't know your real estate market.
stubbornforgey
05-31-2007, 10:43 AM
So at this point, he owes $200,000...
So now, he's up $120,000...
He took the $120,000 (or most of it) and used it as a down payment to buy a house that's twice as expensive as the one he just had. His payment probably went up a little bit each month, but he's got twice the house. As long as he can afford the payments each month (And if he could afford them on $200,000, then he maybe he can affor dthem on a 310,000 mortgage too. WIth a downpayment that size, he could probably get himself a really low interest rate. *shrug* It doesn't sound that dumb to me, but I don't know your real estate market.
AWWWWWWWWWWWWWWWW SHUDDUP!!!
did i ask you ..?? :o
bloody_ribcut
05-31-2007, 11:05 AM
yeah stubbs, he's not stupid...leave the blonds alone!:D