I bought a house to park my Jeep in.

[Aaron]

It's like 1600sqft, 3 bed 2 bath, brand new with radiant floor heating and a bunch of other good energy shit. And it has a 3 1/2 car attached garage! 3 door, but the third bay is 50% longer than the other 2. It'll do. $190k mortage is 15yr, I don't remember the interest rate. Payments are $1600/mo, so coupled with the car payment, it's going to be tight for a few years. I move in in a week, with my cars, so hopefully I'll get the Fiero going much quicker now.

[crzyone]

Why not go 25 year mortgage and reduce the payments? You can always pay it down faster if you want to.

Congrats on the house. I don't regret buying my house 8 years ago, one of the smartest investments you can make. I was lucky enough to buy before the whole market went crazy.

[The Dark Side of Will]

Congratulations!

Ditto the mortgage. I have 30 year loans on both of my properties. I would be stupid to pay them back at the bank schedule, as the total interest would exceed the principal. However, I can add additional principal to the payment and have an ROI, in terms of interest eliminated, of nearly 500% on the house with 5.875% interest or nearly 400% on the one with 4.875%. I can also choose not to add the extra pincipal if things are tight on any given month.

[eHoward]

2 properties Will?

[The Dark Side of Will]

Yep.

[Indy]

Cool. This in CO?

[The Dark Side of Will]

What's a build thread without pics?

[Aaron]

Why not go 25 year mortgage and reduce the payments? You can always pay it down faster if you want to.

Congrats on the house. I don't regret buying my house 8 years ago, one of the smartest investments you can make. I was lucky enough to buy before the whole market went crazy.

15 year mortgage has a significantly lower interest rate, and I can afford it so why not?

I didn't really want to buy one honestly, it's a lot of upkeep and money that I don't need, but as everyone around me pointed out, it'd be stupid not to in this economy if you can afford it.

[Unsafe At Any Speed]

Rent out the other two rooms, keep the whole garage to yourself and live for near free.

[Aaron]

I plan on renting one of the rooms, but not sure I want to rent both, I don't want to deal with that many roommates. But that fucking garage is mine!