aztecnology
O Rly?
Premium
join:2003-02-12
Murrieta, CA | reply to nightdesigns
Re: SoCal & The Economy ~ Financial Markets ~ Housing ~ Etc
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? |
|
nightdesigns
Gone missing, back soon
Premium
join:2002-05-31
AZ
 ·Cox HSI
| 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.
--
[[Your signature here]] |
|
CurtesyFlush
Bababooey, fafafooey, tatatoothy.
Premium
join:2002-08-23
Fontana, CA | What city? |
|
nightdesigns
Gone missing, back soon
Premium
join:2002-05-31
AZ | Rancho Santa Margarita |
|
CurtesyFlush
Bababooey, fafafooey, tatatoothy.
Premium
join:2002-08-23
Fontana, CA | $$$$$ |
|
nightdesigns
Gone missing, back soon
Premium
join:2002-05-31
AZ
·Cox HSI
| said by CurtesyFlush :$$$$$ Yes and no. RSM is cheaper than the surrounding areas, Mission Viejo, Irvine, San Clemente, etc.
--
[[Your signature here]] |
|
CurtesyFlush
Bababooey, fafafooey, tatatoothy.
Premium
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.
--
Life Member, NRA and CRPA. |
|
nightdesigns
Gone missing, back soon
Premium
join:2002-05-31
AZ
·Cox HSI
| said by CurtesyFlush :House or condo? House.
--
[[Your signature here]] |
|
major marco
Res Firma Mitescere Nescit
Premium
join:2003-02-13
Stepford, CA
clubs:
| 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.
--
The Toll
|
|
