Really Good Information For People Trying To Buy A Home

You are so right about that. Saving money seems to be a thing of the past now a days. Even lay away in stores, it's almost nonexistent anymore which is really sad! Then again, there are some who aren't making a whole lot, just enough to get by and can't save or can't save much however, renting is usually higher than a house payment or pretty close in amounts so this will help one to get into a home that they can call their own.

Yes, that's the other aspect of it. I wouldn't have bought a house but my mortgage payment is about the same as a decent apartment would cost and I have a yard for my dogs. I had 10% down payment, better than nothing, but they tried to get me to finance the whole thing. More money for them! So, if housing recovers I'll have a decent investment maybe, instead of a rental that isn't mine.

There is a lot of good to this new thing. I wish, though, that people would get back to the old values of saving. THanks for the feedback!

I agree; I see some truths there. Where's the old saving for a rainy day quote. Missing nowadays aplenty..

Hi Steph. The same thing happened to my parents when they bought this house 30 some years ago. Dad said he put down $5,000. but the bank wanted more so he told them to take what he had or we'd all be out tomorrow! lol Needless to say, the bank accepted what he could give. I was only 9 years old at the time.

Hi Jo! My parents current house is paid for. They took out a mortgage on their old house, or the one they moved out of to pay for this one. The old house is on valuable property, at least it was a few years ago but not that the economy is doing so bad, so has the property value gone down so now their house is only worth about half of it's original value of 3 years ago.

Times are bad everywhere for everybody it seems.

unfortunately, it's like that for most of us and it's a damn shame for the older folks such as my parents who should be enjoying their retirement years but it's quite the contrary. BUT, not that we're perfect but, if they had listened to us YEARS ago, they may not be in this boat they're in now. Oh well. We're the kids, we don't know anything.... now do we?

Neither one of my parents thought i had abit of sense about anything. I didn't think they did either alot of times. I just backed off & let them do their thing, right or wrong. I had enough stress trying to keep my head above water. U need to do the samr thing, dear.

Wait till you hear the latest! I'm waiting to calm my nerves before I post it. I hope to have it up today. I'll be even further behind in responding back to my own discussions but I'm going to add that I've tried and can't keep up but here's the latest to please forgive me for not commenting on your response, type of discussion. I mean, I want to but it's just too much and try doing everybody else's too.

U need to stop & smell the roses, lady.

There you go!! I'm glad to have found out about this to post it on here. I just wish this realtor had thought of this a year or two ago for it would've helped my parents a great deal had they known but a different realtor was the one who told my mom. Go figure!