UnThreaded | Threaded | Whole Thread (130) | Ignore Thread Prev | Next
Author: lmichelle One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 310159  
Subject: Re: Can I afford this house? Date: 7/3/2006 2:58 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 2
I guess I should have mentioned our taxes and insurance ARE escrowed in... but the escrow went so far into the negative that we had to pay extra into it and were able to get back to having enough escrow to make our mortgage payment $3K/month.

Our loan balance on our house is $320K.

The screen will cost $10K to replace.

I guess I can work full time but DH would rather I didn't since the kids are so young still (3 and 1).

I believe we do have to sell the house and buy something more reasonable. But it's a huge blow since houses aren't selling like they once were around here and we'd never be able to afford a house like this again. We bought it because we sold a house for more than the cost of this one in New England.

Thanks for your advice, although I do feel a little sick to my stomach right now! I will be checking out the links mentioned.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (130) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Post of the Day:
Saul's Investing Discussions

Skyworks Mid-Quarter Review
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.