hey Mike Dang- do you need a "ask a mortgage person" column? I am a Loan Originatior. Are people interested in these kinds of things?
@flickafly I actually am a mortgage person- and you can indeed purchase a home with as little as 5% down for a conventional (meaning you only pay mortgage insurance until you have 20% equity). So if you're looking at a 200k house, you can get a mortgage for a 10k downpayment. You will be paying mortgage insurance, and fees and whatnot, which is a larger conversation, but it is possible. (FHA Loans are still out there as well, but you will pay the mortgage insurance for the whole 30 years).
I live in denver, and we were walking by when they were filming- you can see my husband in the background during the opening! Yay Denver!
hmmm, we just got back from a 10-day vacation (Yay Montral! Yay Airbnb!) so we'll probably lay pretty low: Friday: $0, dinner is in the crockpot and we're bottling the beer we brewed 2 weeks ago (we may end up grabbing a late night beer with a friend who just started back at school and is having a rough first week, so maybe $20) Saturday: $10, laundry $15, coffeeshop to do work $40, dinner out Sunday: $40, farmers market groceries $60, knife sharpening at farmers market (ALL THE KNIVES) $20, day drinking Total: $185, but that feels low, so let's say $220.
Was I the only one who wanted to put in my own personal information for my family (2 adults) and was startled to see that this was not an option? I can understand that families like mine ( dual-income-no-kids, under 40) are not the target of the study, but what about parents with adult dependant children? Or couples whose children have moved out? Or, god forbid, childless adults who are on a fixed income?
we pay $55/month for internet through Century Link- no phone, no cable, no nothin'. We don't own a TV, but do have a $12/month netflix membership, worth it's weight in gold. We used to have Comcast until they raised their rates to $80/month- it would have been $70/month if we had added cable (combined total of $70) but they wouldn't just give us the lower price for not using the cable service.
in Colorado gas and electric are billed together- we have an amazing program that averages your yearly use over 11 months, the 12th month you get a refund or pay the overage. For 2 people, 2 bedroom duplex with 3 external walls: $60.00/month (so I guess technically $55/month, but that's not how it hits the budget)
My partner and I share- 2 new iPhone 4's, we do receive a small discount through my employer with AT&T, $62.50 each for middling data, 500minutes, unlimited text. we've never gotten near the minutes limit.
For 2 people in Denver, CO: -$80/month for light rail tickets for me (although the past few months this has been $40 due to some coupons, but they are running out) -$20 for extra tickets for my partner -$50/month- full coverage insurance for our car -$200/month- gas for said car- this is on the higher end of normal, and my partner is a teacher and about to be riding his bike exclusively, so this will decreace dramatically over the summer. TOTAL: $350/month for two people, one car, two well-used bicycles, and a lot of train rides.
I estimated about $220- here's where we ended up: Dinner/Drinks on Friday: $50 Saturday Brunch: $30 Clothes: $130 Grocery Store: $50 A beer to drink on the street: $9 Ended up at $269, mostly because I forget that clothes I will wear and that will not fall apart are more expensive than $3.