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Originally Posted by caver
This is good stuff to know.
I am hoping to buy a place in the country, down the road.
I have been renting forever, although my rent is damn cheap, relatively,
I would like to be building equity. I may have to end up buying in town.
At least the near future should be a good time to buy something you like.
Unloading something, not so nice.
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I was incredibly stupid in my finances by letting my ex woman control that aspect of our lives so completely because when she took off I was in the dark holding a fist full of bills with a stupid look on my face, And Short of saving and making lump sum payments as I can It seems like I may be stuck here for a long time (curse her!!!)
I was also perplexed as to why the final payment would be more than what the balance is on my mortgage statement every month, It even has a big astrek saying *Amount shown on principle balance is not the amount needed to pay of loan.
Green Tree does not allow Sub Leasing (I think thats what its called when i rent out property I dont own yet right?) But Im almost to the point of where what greentree dont know dont hurt them.I have no desire to be a landlord, but without the land to put this thing on Im screwed. I am fully vested in my 401k and Had to borrow against it once already to pay the lawyer to ensure i got custody of my daughter and My E.D. Told me it was a dumb idea but approved it none the less since I was in need. I am fully vested so when I leave my money goes with me.
BTW thanks for all the feedback....I do have a good insurance policy
