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Just purchased my first home


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#1 ARSEN

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Posted 31 October 2012 - 06:58 PM

Almost got cold feet yesterday... jeez... The biggest purchase I have ever made... Is 3.25% fixed interest rate on 30 year mortgage a good deal?

#2 Panthro

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Posted 31 October 2012 - 07:02 PM

The interest rate is great...the house, price and location...no clue

#3 ARSEN

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Posted 31 October 2012 - 07:23 PM

The interest rate is great...the house, price and location...no clue



Off 51 in mint hill, not far off Lebanon rd. House cost $250k. Houses across the street cost $500k and up and houses on next street cost $700k and up so it's pretty good area. My house is 3,000 sqft ranch.

#4 Panthro

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Posted 31 October 2012 - 07:26 PM

$83 a sq ft. Is that the norm out there? I'm at 4.2% and thought it was super low then

#5 The Saltman

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Posted 31 October 2012 - 07:30 PM

3.25% is the ideal rate right now for a 30 fixed. I was at 6.25 and streamline refinanced to a 4.125. Its the best im gonna get right now.

#6 Panthro

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Posted 31 October 2012 - 07:34 PM

I've been getting spam mail offering 2.9%

#7 The Saltman

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Posted 31 October 2012 - 07:34 PM

if u can refinance for a minimal amount of closing costs I would do it if I were you. rates will be going up in the next year or 2.

#8 Happy Panther

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Posted 31 October 2012 - 07:53 PM

Almost got cold feet yesterday... jeez... The biggest purchase I have ever made... Is 3.25% fixed interest rate on 30 year mortgage a good deal?


In the grand scheme that is an absurdly good deal.

#9 NanuqoftheNorth

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Posted 31 October 2012 - 07:56 PM

Almost got cold feet yesterday... jeez... The biggest purchase I have ever made... Is 3.25% fixed interest rate on 30 year mortgage a good deal?


Congratulations on going through with it ARSEN, I doubt you will regret it.

Sounds like you got a great deal on your home and your loan.

I was visiting family in Mint Hill just a few weeks ago. It has grown a lot, but is still a very nice area.

Hope you enjoy it.

#10 ARSEN

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Posted 31 October 2012 - 08:19 PM

$83 a sq ft. Is that the norm out there? I'm at 4.2% and thought it was super low then



No, average on my street is $115 per sqft (ranges from $105 to $125)... My building company screwed up and sold me way to low... They actually tried to piss us off so we walk because someone offered $290k for our house...

#11 ARSEN

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Posted 31 October 2012 - 08:22 PM

Congratulations on going through with it ARSEN, I doubt you will regret it.

Sounds like you got a great deal on your home and your loan.

I was visiting family in Mint Hill just a few weeks ago. It has grown a lot, but is still a very nice area.

Hope you enjoy it.



Thanks bud. I'm excited and scared the same time... I got wedding and honeymoon coming up so I got to plan for everything. SO much uncertainty!

#12 The Saltman

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Posted 31 October 2012 - 08:32 PM

oh you'll be fine you damned foreigner.

#13 lightsout

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Posted 31 October 2012 - 08:32 PM

*college student living in apartment*

*realizes he has nothing to add*

*lurks anyway*

#14 Niner National

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Posted 31 October 2012 - 08:36 PM

congrats man. I actually was going to send you a pm today to see if you had gotten everything worked out since you'd been having issues with the builder. Never got around to it though.


I think getting cold feet is a normal thing. I felt the same way when I bought in February. Your interest rate is a lot better than mine though. Mine is 4.2%.

#15 Niner National

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Posted 31 October 2012 - 08:38 PM

also, thats a big ranch. They don't build many single story homes with that kind of square footage.


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