Bachelor Pad.

Discussion in 'General' started by skunkindunks, Jan 12, 2010.

  1. lamont614

    lamont614

    391
    143
    Joined
    Jan 20, 2006
    Anyone know where I can cop this ?


    The rug 100 dollar bill
     
  2. layziegunts

    layziegunts

    2,638
    2,041
    Joined
    Aug 27, 2013
    yall some big ballers in here, im poor
     
  3. tmay407

    tmay407

    5,168
    261
    Joined
    Jun 18, 2006
    This is all correct. 3.5% for an FHA loan or if you have VA benefits, you can do a 0% down loan. Conventional loans can be had at 20% down. As @turbospartan mentioned though, you'll end up paying PMI on anything under 20%, but those payments go away once you hit 20% equity. Also as @turbospartan said, I have a feeling the market will be slowing down soon. Prices around Dallas have gotten absolutely ridiculous, and I don't see how it can continue to go up. Prices are going to stall soon and eventually start dropping again as fewer people list their homes. I wouldn't be surprised if we end up back in a buyers market across a large part of the nation in the next couple years.
     
    getback likes this.
  4. jayj819

    jayj819 formerly jman219

    1,029
    249
    Joined
    May 3, 2010
    Fact check me but I believe 3.5% on FHA requires PMI all the way through the life of the loan, even after you exceed 20% equity. You wind up spending more on PMI and Interest than the house is worth if you carry the loan through maturity
     
    turbospartan likes this.
  5. jayj819

    jayj819 formerly jman219

    1,029
    249
    Joined
    May 3, 2010
    Fact checked myself - It's not "PMI" its FHA Insurance. Anything under 10% remains over the life of the loan. Anything above 10% remains for 11 years

    Keep in mind this is FHA specific. The other users are right RE: PMI. It normally goes away once you've hit 20% equity (Which would be years anyway because majority of first several years is applied to interest and not principal)
     
  6. getback

    getback

    14,133
    19,628
    Joined
    Dec 27, 2014
    I should just wait til this thing bursts then because whatever I buy I plan to make it my own for a very long time.
     
  7. tmay407

    tmay407

    5,168
    261
    Joined
    Jun 18, 2006
    You're pretty much correct in that PMI could potentially never really expire, but I think it all depends on loan terms. Almost all of the lenders I dealt with set it to expire after 20% of equity was met. Should have clarified that in my post. Each loan has so many dependent clauses in it that it shouldn't be stated as a sweeping statement. It really depends on your lender and your credit score.

    Some loans will have it essentially carry through the life of the loan...clarify that with your lender though and refinance several years later if you're able to (this will most likely cost a little extra at the time, but it could get you a better rate and better long-term terms on the loan if you qualify) . Loans can be really tricky with how different lenders write them up. Definitely ask around and get pre-approvals and rates from several lenders before deciding on who you want to sign up with.

    Editing to add: mortgage servicers are required to cancel your PMI after you hit 78% LTV, but it's ultimately up to you to provide that proof. Whether that's through refinancing or getting a new appraisal to show your house value is now that much greater than your loan. FHA insurance (not a lot, but certainly not negligible) is the one that carries through the life of the loan.

    Also editing to add: I've had quite a bit to drink tonight, so my response probably sounds all over the place right now. I worked in real estate for several years so I can fix this response later.
     
    Last edited: Feb 9, 2019
  8. ballinsam23

    ballinsam23

    17,998
    5,796
    Joined
    Jul 14, 2005
    Anyone here have a dyson canister vacuum?
     
  9. bwood056

    bwood056

    8,814
    9,074
    Joined
    Feb 6, 2009

    Love mine.
     
    ballinsam23 likes this.
  10. silkboi

    silkboi

    4,911
    1,941
    Joined
    Feb 24, 2006
    Need some thoughts about this wall. Its already mounting ready as far as hidden cables, but I'm to figure out a good entertainment system (cabinet, wall backing, etc.) for it.
    [​IMG]

    I like the Norlotti and Manhattan Comfort center I've seen online, but also considering just covering the entire wall with wood planks.

    Norlotti:
    [​IMG]

    Manhattan Comfort:
    [​IMG]
     

    Attached Files:

  11. lamont614

    lamont614

    391
    143
    Joined
    Jan 20, 2006
    47E92C4B-D09E-4C51-8F2A-50F9C8D3122C.png Pic of rug where can I cop ?
     
    calye2da likes this.
  12. cs02132

    cs02132

    5,752
    1,305
    Joined
    Nov 2, 2007
    Anyone here have a bonsai ? Always liked them but never got one for whatever reason

    This one here is fresh with the little water pond too :pimp: :pimp: might cop for my desk
    FCBEF7FB-361A-4F04-9883-76167DF46028.png
     
  13. QU!K

    QU!K

    11,000
    5,833
    Joined
    Sep 12, 2014
    IMO less is more, i would just wall mount the tv and get a tall media cabinet

    With the wood on the walls it could clash with the floors
     
  14. getback

    getback

    14,133
    19,628
    Joined
    Dec 27, 2014
    There's a massive bonsai farm not too far from me and I've always wanted one. For Karate Kid reasons, nothing else :lol:
     
    titang545 and cs02132 like this.
  15. Thierry Henry

    Thierry Henry formerly louislagerfeld

    11,241
    7,696
    Joined
    Jun 29, 2012
    That wood floor tho :pimp:
     
  16. Bad Moon Rison

    Bad Moon Rison

    17,442
    23,804
    Joined
    Jan 30, 2014
    Amazon

     
    lamont614 likes this.
  17. ears1351

    ears1351

    314
    244
    Joined
    Jul 24, 2012
    163D9528-50C0-465B-BF6B-90F3B9CF0DD9.jpeg A1EEBF8B-BB67-4F64-9B8A-6237B95A0C10.jpeg 523FD7B5-3BAD-4D91-9524-EFAE13F55628.jpeg 2DD3870B-9B1A-4466-9AB9-68C5CE375420.jpeg 413A0227-16FE-4576-A094-09B3A4D1C37F.jpeg 5225A4E5-BF58-426C-8EF9-C8548508A088.jpeg D37C6A57-0A92-45D5-9789-3C55F16E5DBC.jpeg 46F13046-2EFA-4032-A082-B358D460ACEF.jpeg 52AA421B-69EC-444B-9722-6D155E931302.jpeg Here’s my current spot, but I’m moving in a couple of months!
     

    Attached Files:

    water, macbk, Kimchi Papi and 28 others like this.
  18. nickname.esco

    nickname.esco

    971
    885
    Joined
    Dec 24, 2013
    digging the cool tones. small space done right.
     
    ears1351 likes this.
  19. turbospartan

    turbospartan

    4,922
    2,716
    Joined
    Aug 19, 2015
    @ears1351 super dope spot.

    What is the skate deck in your first pic?

    Also - what is your avatar / profile pic? Looks like a Salvador Dali-ish twist on Wolverine?
     
  20. ears1351

    ears1351

    314
    244
    Joined
    Jul 24, 2012
    It's an old deck from maybe 10 years ago; I believe it's made by Akomplice. And yesssir! One of my favorite artist . . . I got the image from Tumblr years ago.
     
    turbospartan likes this.
  21. 1stwitit

    1stwitit

    2,614
    1,547
    Joined
    Mar 9, 2004
    Your place gets great lighting, my home is super dark.
     
    Fozzy Badfeet and ears1351 like this.
  22. ballinsam23

    ballinsam23

    17,998
    5,796
    Joined
    Jul 14, 2005
    modern af
     
    ears1351 likes this.
  23. 23soles

    23soles

    1,715
    780
    Joined
    Mar 2, 2005
    @ears1351 really nice spot, man! Well done.
     
    ears1351 likes this.
  24. rrlegend

    rrlegend

    6,775
    3,693
    Joined
    Feb 6, 2013
    anyone have any horror stories on jacuzzi / hot tubs outside the house ( like backyard stand alone units ) ?
     
  25. trainspotter

    trainspotter

    4,141
    1,929
    Joined
    Feb 25, 2009