nightdesigns
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join:2002-05-31
AZ
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| reply to aztecnology
Re: SoCal & The Economy ~ Financial Markets ~ Housing ~ Etc
said by aztecnology  :Just out of curiosity what were the specs of the purchase/loan...? Do you feel like you got a good deal relative to the area you purchased in? I purchased the house as a 50/50 partner with my grandmother. The loan terms were a 10/20 loan (interest only the first 10 years, 20 year traditional, rate fixed across the 30). I understand the risks of this type of loan and I will be putting money away in investments to offset my lack of Principal. My goal is to buy out my Grandmother is 10 years, or sell and we split the profits and then I'll have enough in savings and earned to do a full purchase on my own.
We got the house for about $50k under the comps (we set the lowest price on the block). The owner had a previous offer fall through and needed to sell with a quick escrow.
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CurtesyFlush
Bababooey, fafafooey, tatatoothy.
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join:2002-08-23
Fontana, CA | What city? |
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nightdesigns
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AZ | Rancho Santa Margarita |
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CurtesyFlush
Bababooey, fafafooey, tatatoothy.
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join:2002-08-23
Fontana, CA | $$$$$ |
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nightdesigns
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AZ
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| said by CurtesyFlush :$$$$$ Yes and no. RSM is cheaper than the surrounding areas, Mission Viejo, Irvine, San Clemente, etc.
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CurtesyFlush
Bababooey, fafafooey, tatatoothy.
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join:2002-08-23
Fontana, CA | House or condo?
I once lived in the canyon below the mesa that RSM would one day be built on.Trabuco Oaks section of Trabuco Canyon.
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nightdesigns
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·Cox HSI
| said by CurtesyFlush :House or condo? House.
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major marco
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join:2003-02-13
Stepford, CA
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| reply to nightdesigns
said by nightdesigns :Rancho Santa Margarita So yer one of those folks, eh. The Coto wannabes. 
I live right down the street from RSM but not because I like it here.
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