Comments on: Adventures in First-Time Homebuying Special Edition: Offer Accepted! http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/ Adding a punchline to your bottom line Thu, 24 Jul 2008 00:13:50 +0000 http://wordpress.org/?v=2.5.1 By: Punny Poll #11: Cost of Car vs. Homeowners/Renters Insurance | Punny Money http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-2140 Punny Poll #11: Cost of Car vs. Homeowners/Renters Insurance | Punny Money Fri, 18 Aug 2006 03:13:37 +0000 http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-2140 [...] While obtaining quotes on homeowners insurance for our new home today, it occurred to me that it will cost us less to insure our multi-hundred-thousand-dollar home than it does to insure our $17,000 automobile. I guess I can see why–you’re probably going to have more automotive than homeowner claims, and you’re far more likely to crash into someone with your car than with your house. As it turns out, our car will cost a bit more than twice as much to insure as our house. [...] [...] While obtaining quotes on homeowners insurance for our new home today, it occurred to me that it will cost us less to insure our multi-hundred-thousand-dollar home than it does to insure our $17,000 automobile. I guess I can see why–you’re probably going to have more automotive than homeowner claims, and you’re far more likely to crash into someone with your car than with your house. As it turns out, our car will cost a bit more than twice as much to insure as our house. [...]

]]> By: Personal Update: Your Existence Has Been Suspended | Punny Money http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1927 Personal Update: Your Existence Has Been Suspended | Punny Money Fri, 04 Aug 2006 14:34:30 +0000 http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1927 [...] But for the next couple of months I’ll be suspending my public net worth updates. The reason for this is simple: my net worth will be taking some strange but temporary twists and turns due to our upcoming house purchase. For example, we’ve written a couple of large earnest deposit checks in the last week that really aren’t “expenses” but they would show as a significant hit to my net worth. Rather than try to omit certain transactions, I figure it’ll just be easier to pick up with the net worth updates after all the house business is settled. [...] [...] But for the next couple of months I’ll be suspending my public net worth updates. The reason for this is simple: my net worth will be taking some strange but temporary twists and turns due to our upcoming house purchase. For example, we’ve written a couple of large earnest deposit checks in the last week that really aren’t “expenses” but they would show as a significant hit to my net worth. Rather than try to omit certain transactions, I figure it’ll just be easier to pick up with the net worth updates after all the house business is settled. [...]

]]> By: Larry http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1922 Larry Thu, 03 Aug 2006 16:11:11 +0000 http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1922 Hey, thanks for the info! And I hope you can retain the info for that mortgage officer. I have a history with B of A, maybe it will help too. Excellent series, I am glued to it. Hey, thanks for the info! And I hope you can retain the info for that mortgage officer. I have a history with B of A, maybe it will help too.

Excellent series, I am glued to it.

]]> By: Meredith http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1920 Meredith Thu, 03 Aug 2006 12:26:47 +0000 http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1920 Congratulations! We're hunting for house #4 right now--it's all I can think about, so my blog's taking the same turn toward real estate as yours has. Look forward to hearing all the juicy details of your deal! Congratulations! We’re hunting for house #4 right now–it’s all I can think about, so my blog’s taking the same turn toward real estate as yours has. Look forward to hearing all the juicy details of your deal!

]]> By: jim http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1919 jim Thu, 03 Aug 2006 03:32:56 +0000 http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1919 Howard County all the way! Howard County all the way!

]]> By: Mike http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1916 Mike Wed, 02 Aug 2006 22:13:25 +0000 http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1916 Congrats Nick, but is it a good thing or bad thing you'll be right across the street from us? We might have to add barbed wire along the pool protection fence! Perhaps you could write an article about referral fees. I forgot to ask for one before I supplied your name to the listing agent. Perhaps I could have gotten more ugly candlesticks like when I closed on my own home. Congrats Nick, but is it a good thing or bad thing you’ll be right across the street from us? We might have to add barbed wire along the pool protection fence!

Perhaps you could write an article about referral fees. I forgot to ask for one before I supplied your name to the listing agent. Perhaps I could have gotten more ugly candlesticks like when I closed on my own home.

]]> By: Nick http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1914 Nick Wed, 02 Aug 2006 17:26:12 +0000 http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1914 Larry, I'm working on my mortgage pre-approval story as we speak, but I'll answer your question about More House 4 Less in short right now. We looked into More House 4 Less (CDA as it's officially called) and approached Bank of America since they were listed as one of the approved lenders. They said we could do a CDA loan but their maximum loan-to-income ratios weren't enough to give us much of a house in Montgomery County. Fortunately Bank of America had its own first-time homebuyer program that was comparable in benefits to the CDA but had a much higher maximum ratio. Our mortgage officer has been truly excellent and spelled out every single cost between CDA and BoA's own program. We're going to go with BoA's program and things are looking great! But more details will follow as soon as I complete some more writing. Larry, I’m working on my mortgage pre-approval story as we speak, but I’ll answer your question about More House 4 Less in short right now.

We looked into More House 4 Less (CDA as it’s officially called) and approached Bank of America since they were listed as one of the approved lenders. They said we could do a CDA loan but their maximum loan-to-income ratios weren’t enough to give us much of a house in Montgomery County. Fortunately Bank of America had its own first-time homebuyer program that was comparable in benefits to the CDA but had a much higher maximum ratio. Our mortgage officer has been truly excellent and spelled out every single cost between CDA and BoA’s own program. We’re going to go with BoA’s program and things are looking great! But more details will follow as soon as I complete some more writing.

]]> By: Larry http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1913 Larry Wed, 02 Aug 2006 14:57:16 +0000 http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1913 Hey man-- please don't skimp on the local details-- did you use Maryland's More House 4 Less Program (first-time homebuyer program for you non-crabbers)? Does Montgomery county have any rules I should know? I'm looking for my first home too and I'd love to learn from your experience. I just have to decide between Monty County and DC. Hey man– please don’t skimp on the local details– did you use Maryland’s More House 4 Less Program (first-time homebuyer program for you non-crabbers)? Does Montgomery county have any rules I should know? I’m looking for my first home too and I’d love to learn from your experience. I just have to decide between Monty County and DC.

]]> By: Nick http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1908 Nick Wed, 02 Aug 2006 04:18:38 +0000 http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1908 Thanks, mapgirl, jim! And I'll definitely be sure to organize all these posts I anticipate writing as I write them. Heck, this could easily end up a 50-post series... Thanks, mapgirl, jim! And I’ll definitely be sure to organize all these posts I anticipate writing as I write them. Heck, this could easily end up a 50-post series…

]]> By: jim http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1907 jim Wed, 02 Aug 2006 03:35:25 +0000 http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1907 Ha, my blog did the same exact thing when I was looking for a house, it was extremely real estate heavy... my advice is to create the "Blueprint" type TOC post as you write, it'll save you a lot of time down the road whenever you decide to make the TOC list! Good luck! It's a very exciting time! Ha, my blog did the same exact thing when I was looking for a house, it was extremely real estate heavy… my advice is to create the “Blueprint” type TOC post as you write, it’ll save you a lot of time down the road whenever you decide to make the TOC list!

Good luck! It’s a very exciting time!

]]> By: mapgirl http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1906 mapgirl Wed, 02 Aug 2006 02:02:21 +0000 http://www.punny.org/money/adventures-in-first-time-homebuying-special-edition-offer-accepted/#comment-1906 Congratulations! Good luck with this new endeavor, Nick! Congratulations! Good luck with this new endeavor, Nick!

]]>