How on earth am i going to pay my home loan?
Posted by admin | Under Home Loan Sunday Nov 23, 2008im 18 and my parents have a home loan they bought before the boom and now houses are so damn expensive, how on earth am i going to pay for my home loan, im so pissed off cause how on earth am i going to have a life when im older. Im going to have a full time job and thats probably almost going to be just paying for stupid interest.
Please help, please whats your advice? rob someone, do drugs.. im not going to sink that low but paying for a home loan for lik 15-30 sounds soo soo ghey. what am i gonna do!
Do your arithmetic, if you sold, how much of a mortgage would be left to pay off.
Go and have a word with the bank/building society.
Finally, you can wait. House prices go up and down all the time, it's down now, but it will go up again, then SELL
Do your arithmetic, if you sold, how much of a mortgage would be left to pay off.
Go and have a word with the bank/building society.
Finally, you can wait. House prices go up and down all the time, it's down now, but it will go up again, then SELL
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I think that you're on the right track. Keep whining and complaining about how your life is so hard and you're never going to get what you deserve. Tell as many people as possible how life is so unfair to you. People just love that. Once they hear how much you're struggling, they'll just throw money at you or maybe give you a house outright.
Or maybe you can try to understand that life is not fair, no one gives you anything and no one is going to rescue you. You can live in an apartment, co-op, monastery, sponge off your family, get a job, buy a house. You can pretty much decide what you want to do. But whining is good, too. Lots less work.
God, I'd kill to be 18 again.
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Since houses are so expensive now you will make a profit by selling the house. Take that money and move to where the cost a living is lower like the Midwest.
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Worked for me.
By the time you are old enough (and mature enough) to buy a house, the housing bubble will have burst long since and you won't have any trouble affording it or realizing why it is worthwhile to spread out the cost of a house over 15-30 years. There was a historical time, before mortgages, when people had to pay for homes in a lump sum. You are lucky.
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what is your problem?
Lose the attitude
You're just starting out in life.
get a job or two
don't spend money on crap
save as much as you can
You could live at home with mommy and daddy until you save $200,000 or you can be an adult and when the time comes, you get a mortgage
everyone in the world gets a 30 yr mortgage – how else do you think people pay for it??? even before the housing boom.
It's the most expensive thing you'll ever own. You can't expect
to have it paid off in 5 years like a car
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Everyone that has a house mortgage is in the same boat as you. Give thanks for that.
It's a great blessing to have your own home and from the investment point of view create as much equity as you can and then you borrow on your home and make a fortune.
Will things happen without education? No
You do have to educate yourself on how to make money with money.
Today I applied for a loan of $490K..I will use this money to create an investment which can give me $30k/month.
Yes..that's right..$30K/month.
I paid for the education, paid the mortgage, saved the money, went to work and then used the to leverage myself
into an investment that will take care of me.
Don't get depressed…get excited!!!
Owning your home is to your advantage..work to keep it!
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Want to chat or have questions:
Email me: observer2bare@yahoo.com.au
Read the following book to find some clues:
"Rich dad and Poor dad".I'm sure you will gain some financial knowledge after reading the book.
PS:Don't give excuse that you don't have time to read a book!
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In the world today it is said that 95 % of the population earn 5% of the wealth which means that the remaining 5% of people must earn 95%of the wealth, so get yourself into the 5%.
Don't think you can do that, well my answer to that is of course you can and I will show you how. And the opportunity is perfectly legal and meets all legal requirements in all countries where it operates.
Get in touch through my 360 profile and I will give you a web address where you will get an overview.
Dont be afraid to get in touch because when that was what I felt when I was first shown this, but what I would like to do is tell you what I found.
I have met and become friends with several people from N. America and Europe who now earn 6 figure monthly incomes.
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