Quote:
Originally Posted by missourimary
Michlow, $111,000 isn't bad on a house, and your payments probably are reasonable considering rental prices. I think you should be congratulated!
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Thank you! I really am an extremely frugal person. After my divorce a few years back, I was able to refinance at 5.75%, which makes my payments about $675 before taxes and insurance. Which I chose not to escrow, so that I can pocket the interest I get from putting that money in savings all year (rather than the mortgage company getting to do that!) With my escrow my payment is about $800 per month, which really isn't bad for a 3 bedroom, 2 bath house that is only 7 years old.
It's been an interesting transition for me, merging my finances with my new husband. I joke around and say for me, that was the ultimate step of trust!
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