Huge rant about Green Tree, LLC
I’ve never dealt with such incompetence before. Every single person is an idiot at this company. I have never wished ill upon strangers as much as I wished it upon these fucks.
So it was bad enough they dicked me around for six weeks “deciding” whether or not to forego the balance on the account, but when I offered up pay it just to move on, they still weren’t helpful!!!
I need revenge. I need to complain. I need them to be audited by the world bank or anyone that has any power over anyone anymore!!!! Supreme Court? The president? Congress???? Tell me who to escalate this shit to!
I’m calling NEWS CHANNEL 4!!!
What you are looking at is 53 months of me tracking the amount of our house payment going to the principal of our mortgage. We are almost to the point of paying more to principal ($226.37) than to interest ($228.72).
We have lived in our house for nine years and we are getting closer to paying off our mortgage early. The balance is currently $48,785.36 and we hope to have that paid off in the next five to six years. Which means that we will have paid off our mortgage in half of the time.
This has been made possible by buying less than we could afford and by making extra payments to principal anytime we could.
Ability-to-Repay Rule Ensures You Can Afford Your Mortgage Payments
When you apply for a mortgage, it can sometimes be hard to understand how much of a monthly payment you can afford. Oftentimes you have to factor in additional fees and property taxes that add to the base cost of your monthly payment.
You can’t always rely on a mortgage broker or lender to ensure that you’re getting a responsbile loan that you can afford.
That’s why the Consumer Finance Protection Bureau (CFPB) introduced the Ability-to-Repay rule.
Under the new rule, lenders have to ensure that you can pay back the loan plus interest over the long term.
According to CFPB, in order to do that, lenders will need to verify the following before they can issue you a loan:
- Current income or assets;
- Current employment status;
- Credit history;
- The monthly payment for the mortgage;
- The monthly payments on any other loans associated with the property;
- The monthly payment for other mortgage related obligations (such as property taxes);
- Other debt obligations; and
- The monthly debt-to-income ratio or residual income the borrower would be taking on with the mortgage. (Debt-to-income ratio is a consumer’s total monthly debt divided by their total monthly gross income).
These rules will help protect you from lenders who might try to sell you an irresponsible mortgage that you can’t afford.
I can’t believe I’ve just made the decision to save up to buy an apartment.
I’ve been saving up to move out and I have more than enough to get on fine for a long time by renting.
But…huge desire to own my own apartment in the city.
So that “rent saving money” is turning into saving up for a mortgage, and I should be able to in 2 years.
Oh god I’m turning into an adult. The mere fact this is exciting to me is enough for me to say I’m turning into an adult.
“Everything that is created from an effort is shit. Listen to the music in the radio. Droning, whining, dull crap. Created from effort. Made by people who have to pay off houses. Dully moderated and introduced by people who have to pay off houses. Capitalism makes you dull. I haven't made an effort for even 5 minutes in my life. You've got to decide. Good art isn't created from an effort. But unintentionally. From pleasure.”—Flake Lorenz (translated) via link
What the fuck is a mortgage?
I see a lot of text posts around Tumblr with people talking about how they wish they’d been taught what a mortage is.
Well, I am here to help! Read more to find out what the fuck a mortgage really is and when and how you should get one.
(I’m not an expert - if I’ve made any mistakes, please let me know and I’ll change it!)
Huge thank-you to Shorm for editing and corrections!
Leer más →