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#1
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Looking into refi 438K
Looking for a 30 year fixed. Stated income
CURRENT LOAN: Principal $438K @ 5.5% 7year fixed (o.d. 8/2005) stated income. Parameters: Comps at around 500K - 525K. 2brm house (doesn't include finished 2nd bathroom and other improvements) Middle FICO 750 No consumer debt Mortgagees - full time public school teachers. |
#2
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Looking into refi 438K
In article
, liveoak wrote: Looking for a 30 year fixed. Stated income CURRENT LOAN: Principal $438K @ 5.5% 7year fixed (o.d. 8/2005) stated income. Mortgagees - full time public school teachers. Well, that is a key example of what is wrong with our public education system. Teachers rich enough for a half-million dollar house, or dumb enough to get a loan that they cannot afford. Either way, I wouldn't want them teaching my kids anything, especially not economics. -john- -- ================================================== ==================== John A. Weeks III * * * * * 612-720-2854 * * * * * Newave Communications * * * * * * * * * * * * http://www.johnweeks.com ================================================== ==================== |
#3
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Looking into refi 438K
"liveoak" wrote in message ... Looking for a 30 year fixed. Stated income CURRENT LOAN: Principal $438K @ 5.5% 7year fixed (o.d. 8/2005) stated income. Parameters: Comps at around 500K - 525K. 2brm house (doesn't include finished 2nd bathroom and other improvements) Middle FICO 750 No consumer debt Mortgagees - full time public school teachers. If you could bring the mortgage amount down to $417,000 you would be able to get a conforming loan with a better rate. Look at mortgage rates www.bankrate.com . |
#4
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Looking into refi 438K
In article , John
A. Weeks III says... In article , liveoak wrote: Looking for a 30 year fixed. Stated income CURRENT LOAN: Principal $438K @ 5.5% 7year fixed (o.d. 8/2005) stated income. Mortgagees - full time public school teachers. Well, that is a key example of what is wrong with our public education system. Teachers rich enough for a half-million dollar house, or dumb enough to get a loan that they cannot afford. Either way, I wouldn't want them teaching my kids anything, especially not economics. -john- You didn't see the 2 bedroom part? Or you think teachers all live where *you* do? Whichizzit. Maybe you do have a point if you came out of our educational system... Banty |
#5
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Looking into refi 438K
Well, I don't know where you live, but where I live, $400K only gets you
a relatively decent starter home in an okay borderline/transitional neighborhood. And it would be hard for a teacher to commute two hours to work just so they can have an affordable house payment. John A. Weeks III wrote: Well, that is a key example of what is wrong with our public education system. Teachers rich enough for a half-million dollar house, or dumb enough to get a loan that they cannot afford. Either way, I wouldn't want them teaching my kids anything, especially not economics. |
#6
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Looking into refi 438K
In article ,
Samantha Hill - take out TRASH to reply wrote: Well, I don't know where you live, but where I live, $400K only gets you a relatively decent starter home in an okay borderline/transitional neighborhood. And it would be hard for a teacher to commute two hours to work just so they can have an affordable house payment. John A. Weeks III wrote: Well, that is a key example of what is wrong with our public education system. Teachers rich enough for a half-million dollar house, or dumb enough to get a loan that they cannot afford. Either way, I wouldn't want them teaching my kids anything, especially not economics. My point is that we constantly hear about teachers being so underpaid. Well, if that was true, then how could a teacher afford to make payments on a $550K house? Either the underpaid teacher thing is a big lie, or your district pays way too much for teachers. -john- -- ================================================== ==================== John A. Weeks III * * * * * 612-720-2854 * * * * * Newave Communications * * * * * * * * * * * * http://www.johnweeks.com ================================================== ==================== |
#7
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Looking into refi 438K
Well, apart from the fact that I am not terribly sure how underpaid
teachers actually are, there are short-term loans with cheap payments, and for another thing, the house next to me was bought at one point by three teachers who all lived there for two years then sold it and took their equity to buy something else. John A. Weeks III wrote: My point is that we constantly hear about teachers being so underpaid. Well, if that was true, then how could a teacher afford to make payments on a $550K house? Either the underpaid teacher thing is a big lie, or your district pays way too much for teachers. |
#8
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Looking into refi 438K
On Mon, 28 Jan 2008 09:39:13 -0800 (PST), liveoak
wrote: Looking for a 30 year fixed. Stated income CURRENT LOAN: Principal $438K @ 5.5% 7year fixed (o.d. 8/2005) stated income. Parameters: Comps at around 500K - 525K. 2brm house (doesn't include finished 2nd bathroom and other improvements) Middle FICO 750 No consumer debt Mortgagees - full time public school teachers. Wait. The government may end up raising the limit for a conforming loan. Right now, the price of jumbos is much higher than what you're paying. |
#9
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Looking into refi 438K
In article , user says...
On Tue, 29 Jan 2008 13:39:32 -0600, John A. Weeks III wrote: In article , Samantha Hill - take out TRASH to reply wrote: Well, I don't know where you live, but where I live, $400K only gets you a relatively decent starter home in an okay borderline/transitional neighborhood. And it would be hard for a teacher to commute two hours to work just so they can have an affordable house payment. John A. Weeks III wrote: Well, that is a key example of what is wrong with our public education system. Teachers rich enough for a half-million dollar house, or dumb enough to get a loan that they cannot afford. Either way, I wouldn't want them teaching my kids anything, especially not economics. My point is that we constantly hear about teachers being so underpaid. Well, if that was true, then how could a teacher afford to make payments on a $550K house? Either the underpaid teacher thing is a big lie, or your district pays way too much for teachers. Well, yeah, you hear a lot of things that are exaggerated or untrue. I know teachers that are wildly underpaid. Others that are too expensive at any price. Both in the same district. You can't just tar them all with the same brush. Realistically, teachers are generally going to get paid whatever it takes to retain them, since most places have kids that need to be educated. So an expensive West Coast distict might pay 3x as much as some Mid-west district, and yet the two still provide approximately the same lifestyle. - Rich Oh shaddup Rich donctha know teachers never deserve any more than the parents of the kids they teach :-P |
#10
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Looking into refi 438K
In article , user says...
On 29 Jan 2008 14:52:22 -0800, Banty wrote: In article , user says... On Tue, 29 Jan 2008 13:39:32 -0600, John A. Weeks III wrote: In article , Samantha Hill - take out TRASH to reply wrote: Well, I don't know where you live, but where I live, $400K only gets you a relatively decent starter home in an okay borderline/transitional neighborhood. And it would be hard for a teacher to commute two hours to work just so they can have an affordable house payment. John A. Weeks III wrote: Well, that is a key example of what is wrong with our public education system. Teachers rich enough for a half-million dollar house, or dumb enough to get a loan that they cannot afford. Either way, I wouldn't want them teaching my kids anything, especially not economics. My point is that we constantly hear about teachers being so underpaid. Well, if that was true, then how could a teacher afford to make payments on a $550K house? Either the underpaid teacher thing is a big lie, or your district pays way too much for teachers. Well, yeah, you hear a lot of things that are exaggerated or untrue. I know teachers that are wildly underpaid. Others that are too expensive at any price. Both in the same district. You can't just tar them all with the same brush. Realistically, teachers are generally going to get paid whatever it takes to retain them, since most places have kids that need to be educated. So an expensive West Coast distict might pay 3x as much as some Mid-west district, and yet the two still provide approximately the same lifestyle. - Rich Oh shaddup Rich donctha know teachers never deserve any more than the parents of the kids they teach :-P Ain't that the truth. Oh, and plumbers should charge $15.00 an hour too, even when you wake them up in the middle of the night. :-) - Rich Actually, you know what? Everyone should volunteer. Hey, teachers are all 'sposed ta do it for the love of the children - why not everyone else? If they don't like it, they should find something they *do* want to do. So there nyah. :-P Plumbers can work as independant contractors and take the summers off, too. And we should all live in FEMA trailers; no one can get jealous. Banty (OK, going to extremes, but hey, if the logic is applied to teachers....) |
#11
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"dumb teachers" Looking into refi 438K
WHAT TEACHERS MAKE Taylor Mali
The dinner guests were sitting around the table discussing life. One man, a CEO, decided to explain the problem with education. He argued: "What's a kid going to learn from someone who decided his best option in life was to become a teacher?" He reminded the other dinner guests that it's true what they say about teachers: "Those who can...do. Those who can't ... teach." To corroborate, he said to another guest: "You're a teacher, Susan," he said. "Be honest. What do you make?" Susan, who had a reputation of honesty and frankness had to respond. "You want to know what I make? I make kids work harder than they ever thought they could. I can make a C+ feel like a Congressional Medal of Honor and an A- feel like a slap in the face if the student did not do his or her very best." I can make kids sit through 40 minutes of study hall in absolute silence." I can make parents tremble in fear when I call home" You want to know what I make?" I make kids wonder. I make them question. I make them criticize. I make them apologize and mean it. I make them write. I make them read, read, read. I make them spell definitely beautiful, definitely, beautiful, and definitely beautiful over and over and over again, until they will never misspell either one of those words again." I make them show all their work in math and hide it all on their final drafts in English. I make them understand that if you have the brains, follow your heart...and if someone ever tries to judge you by what you make, you pay them no attention! You want to know what I make? I make a difference. And you? What do YOU make?" By the way, you might want to check your grammar. (If you can't figure it out you might want to ask a teacher.) On Jan 28, 10:15 am, "John A. Weeks III" wrote: In article , liveoak wrote: Lookingfor a 30 year fixed. Stated income CURRENT LOAN: Principal $438K @ 5.5% 7year fixed (o.d. 8/2005) stated income. Mortgagees - full time public school teachers. Well, that is a key example of what is wrong with our public education system. Teachers rich enough for a half-million dollar house, or dumb enough to get a loan that they cannot afford. Either way, I wouldn't want them teaching my kids anything, especially not economics. -john- -- ================================================== ==================== John A. Weeks III 612-720-2854 Newave Communications http://www.johnweeks.com ================================================== ==================== |
#12
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"dumb teachers" Looking into refi 438K
In article
, liveoak wrote: WHAT TEACHERS MAKE Taylor Mali I make a difference. And you? What do YOU make?" More bleeding heart BS. Kids naturally want to learn, and just about anyone who can read & write can teach kids to read and write. If teaching was any big trick, there would be far fewer of them, it would take far more education, and the pay would be far greater. The fact that up to 50% of kids drop out in some areas, and many kids who graduate are functionally illiterate doesn't reflect all that well on our current state of education in this county, and teachers have front line responsibility for this failure. Granted that there are some really good teachers, and some who are simply amazing. But that is the 20 part of the 80/20 rule. -john- -- ================================================== ==================== John A. Weeks III * * * * * 612-720-2854 * * * * * Newave Communications * * * * * * * * * * * * http://www.johnweeks.com ================================================== ==================== |
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