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!!!
Tightwad Tuesday
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
Live mortgage and rent free!
thiscobhouse.com
The above link is just one of many websites about cob houses. There are tons of YouTube videos out there as well.
It may be the Seattle-hippy in me, but I’ve fantasized about buying a plot of land and building my own cob house. Cob houses are made of mud that you make out of the elements around you, like straw, sand, dirt, and water. Because you can find most of the materials for free and you can build it yourself with no skill or building experience, you can build your own cob house for as little as a couple thousand dollars. The buildings are actually very sturdy and can withstand centuries (which is more than can be said about modern day tract homes). The houses can be as simple or as luxurious as you want to make them. All you need is some land, a couple thousands of dollars (for something really simple) and some free time and you can have an inexpensive, attractive, and environmentally sustainable home in six to eighteen months! You’ll never have to pay rent or mortgage again!
Because of my law practice, I probably don’t have a cob house in my near future. However, if anyone else out there is interested in the cob house lifestyle and would like to get rid of their debt before commencing on the months long project, please contact me. I would love to help you out! Maybe we can work out a discount in fees in exchange for documenting your adventure on my blog!
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!
