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March 10th

 
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Mongolio
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PostPosted: Tue Feb 17, 2009 4:49 am    Post subject: March 10th Reply with quote

Closing on my first house on that date. Let the fun begin!
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ThunderMyke
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PostPosted: Tue Feb 17, 2009 9:53 am    Post subject: Reply with quote

Congratulations, Mongolio. My first house was a big step up for me as well. If you are closing on it this year you will be able to take a $7,500 (or 10% of cost, whichever is lower) credit on your taxes for 2008. You pay it back over the course of 15 years in taxes beginning 2010 ($500 a year)so that might help or hurt you, depending on what your refunds look like. But hey, it's 0 percent interest loan with no credit check. No bank will be getting you a better deal.

So are you okay with telling the details on this house? Square footage, bathrooms, repair work needed, price etc.
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Chick!
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PostPosted: Tue Feb 17, 2009 3:28 pm    Post subject: Reply with quote

Congrats!
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chowda
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PostPosted: Tue Feb 17, 2009 5:53 pm    Post subject: Re: March 10th Reply with quote

Mongolio wrote:
Closing on my first house on that date. Let the fun begin!

Nice! Better now than like two years ago.
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Mishlai
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PostPosted: Tue Feb 17, 2009 6:37 pm    Post subject: Reply with quote

tremendous, congrats!
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stinkybrokenut
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PostPosted: Fri Feb 20, 2009 9:37 am    Post subject: Reply with quote

Best of luck with the house!
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Mongolio
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PostPosted: Tue Feb 24, 2009 5:49 am    Post subject: Reply with quote

ThunderMyke wrote:
Congratulations, Mongolio. My first house was a big step up for me as well. If you are closing on it this year you will be able to take a $7,500 (or 10% of cost, whichever is lower) credit on your taxes for 2008. You pay it back over the course of 15 years in taxes beginning 2010 ($500 a year)so that might help or hurt you, depending on what your refunds look like. But hey, it's 0 percent interest loan with no credit check. No bank will be getting you a better deal.

So are you okay with telling the details on this house? Square footage, bathrooms, repair work needed, price etc.


Obama-rama changed it with the new stimulus package (huh huh... package...). Now it's 10% of the home value NTE $8,000, purchased before December 1, 2009, no house purchased in the last three years and IT DOESN'T HAVE TO BE PAID BACK!

Yeah, sending my wife to Cosmetology school on that.
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Buddy Lee
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PostPosted: Wed Feb 25, 2009 8:39 pm    Post subject: Reply with quote

March 10 is my birthday...can i have your house?
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Mongolio
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PostPosted: Thu Feb 26, 2009 3:40 am    Post subject: Reply with quote

Nope, but you can have the payments! Happy Birthday!
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Buddy Lee
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PostPosted: Fri Feb 27, 2009 4:35 pm    Post subject: Reply with quote

Gee Mr. Mongolio, thanks! I don't care what Haven says. You're alright!
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Quagmire
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PostPosted: Sat Feb 28, 2009 1:40 am    Post subject: Reply with quote

Congrats Mongo. You'll have headaches with owning your own home but when you go to move and realize your home is worth 20 or 30k more than when you bought it. It will make you smile. Not having neighbors above your head is a plus too
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Mongolio
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PostPosted: Sat Feb 28, 2009 3:41 am    Post subject: Reply with quote

I'm in a rent house right now, so no neighbors above now (that was bordering on atheist). As of now, my plans don't include moving until this sucker is paid off. Yes, plans do change.

Fun fact that has me excited: One extra payment every year on the principle reduces a 30 year loan to 18 years.

With the stimulus tax refund ($8,000 WOOHOO!), I'm sending the wife to school, so being able to afford this now means affording it much better after she graduates. I'll actually be able to afford cool stuff like good furniture, a nice large flat panel with associated speakers and equipment.

Tom Petty wrote:
Into The Great Wide Open

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Chick!
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PostPosted: Sat Feb 28, 2009 12:19 pm    Post subject: Reply with quote

Speaking of houses...I just found out today that my escrow payment is going up...doh! But on the whole I love having my own house. I can make noise if I want to. I can paint the walls blue, with Jack Kerouac passages in the kitchen if I want to. There's room for Khim to crash in the spare room. And yeah, there's the fact that I'll OWN it some day. I dig it.
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No speaka el Inglesa....no swimmo en el poolo. Va-ma-NOS!

I think we should take the economy, put a bag over its head, shot gun a few beers, and get it over with.---Crush Calhoun, Write in Party, SNL

I'm not sure even the jolly green giant has the balls to teabag the whitehouse.--Jon Stewart
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Mongolio
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PostPosted: Sat Feb 28, 2009 12:27 pm    Post subject: Reply with quote

Oh, and I'm going to run CAT-5 though the walls with wall connectors and stuff. That and a patch panel. Twisted Evil
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TeflonJon
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PostPosted: Sat Feb 28, 2009 1:51 pm    Post subject: Reply with quote

I will need to update the electrical wiring in my house pretty soon since it's all still 2 strand non grounded conduit through the walls. When I do, I plan on doing the same thing. Wifi is nice, but why not have the option of wired since I'm ripping the walls out anyway?
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