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suvenR
designer mutt
Member since 5/05 4239 total posts
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Message edited 10/4/2006 11:23:40 PM.
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Posted 6/19/06 10:32 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
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Re: Did you panic about how much higher your new bills would be?
YES! We are refinancing and taking out some $$, and I'm freaking over our new monthly payment.
Our taxes are the same as yours, too. It's just crazy. Somehow, it all works out though
Congrats on the house. Where is it located?
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| Posted 6/19/06 10:34 AM |
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Ang-Rich
Beyond Compare
Member since 5/05 17988 total posts
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Re: Did you panic about how much higher your new bills would be?
I think just about everyone can symapthize on this...so please know that you are not alone
DH and I decided to use some of the money from the sale of our co-op to pay off the car loans and student loans. In doing that it should free up some more money each month to put towards the mortgage and taxes.
You will definitely sell your place...sending good selling vibes your way.
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| Posted 6/19/06 10:36 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: Did you panic about how much higher your new bills would be?
DUUUUUUUUUUUUUUHHHHHHHHHHH
yes
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| Posted 6/19/06 10:36 AM |
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suvenR
designer mutt
Member since 5/05 4239 total posts
Name:
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Message edited 10/4/2006 11:23:48 PM.
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| Posted 6/19/06 10:37 AM |
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suvenR
designer mutt
Member since 5/05 4239 total posts
Name:
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Message edited 10/4/2006 11:23:55 PM.
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| Posted 6/19/06 10:38 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Did you panic about how much higher your new bills would be?
Posted by suvenR
I'm TOTALLY sick to my stomach about our new bills.
Just taxes will be $735 per month 
 
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| Posted 6/19/06 10:40 AM |
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dandr10199
Grace is growing up too fast!
Member since 10/05 11561 total posts
Name:
Dina
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Re: Did you panic about how much higher your new bills would be?
UMMM....YES! OMG! DH and I panicked and I work in the real estate industry (title insurance). I knew all the numbers while we were looking and analytically I was OK. Then the day before closing, I freaked! The emotional side took over and I was a mess the night before the closing. Thank goodness was much better at the closing. Everyone who purchases goes through this in one form or another. I never thought it would happen to ME, boy was I wrong! 
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| Posted 6/19/06 10:42 AM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: Did you panic about how much higher your new bills would be?
Posted by suvenR
Posted by Redhead
DUUUUUUUUUUUUUUHHHHHHHHHHH
yes
That made me laugh.
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| Posted 6/19/06 10:46 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Did you panic about how much higher your new bills would be?
I would worry that your r/e agent is advising that if you cant pay the bills, you can put it back on the market and not take a loss. No one knows what the real estate market will look like in a year.
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| Posted 6/19/06 10:51 AM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
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Re: Did you panic about how much higher your new bills would be?
I have weekly panic attacks about bills to the point where FH had to sit me down this weekend and go thru all of our finances. Mind you, i am an accountant and go thru these numbers about three times a week on my own. I dont know why but sometimes it just seems so overwhelming.
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| Posted 6/19/06 11:01 AM |
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kaklesmay
Love my baby boy!
Member since 9/05 1151 total posts
Name:
Kim
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Re: Did you panic about how much higher your new bills would be?
Im with you. 1st time home buyers here.
Im sooooooo nervous!!
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| Posted 6/19/06 11:03 AM |
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MrsSchwags
Soccer Baseball Lax Mom
Member since 10/05 11240 total posts
Name:
Jennifer
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Re: Did you panic about how much higher your new bills would be?
Posted by kaklesmay
Im with you. 1st time home buyers here.
Im sooooooo nervous!!
Me 2. We close in a week and my DH and I run the numbers every day with "what ifs" and everything else. We will have about 10,000 in our savings to dip into god forbid we should need it. But we are very nervous.
We are also thinking of putting in an apt to bring in some income for more of a cushion at least for the first year.
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| Posted 6/19/06 11:08 AM |
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lovelybride
LIF Toddler
Member since 5/05 420 total posts
Name:
Gina
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Re: Did you panic about how much higher your new bills would be?
Yes, me and my dh panic all the time, but it's working out so far.. we are about 3 months in.. lol
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| Posted 6/19/06 11:08 AM |
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CkGm
They get so big, so fast :(
Member since 5/05 13848 total posts
Name:
Christine
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Re: Did you panic about how much higher your new bills would be?
I am in denial but my DH is definately freaking out- he keeps worrying that he is going to lose his job since he just started there. Its pretty scary when your taxes are almost $800 a month- ours are too. I won't go into our payment to mortgage- LA housing is sooo expensive!
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| Posted 6/19/06 1:51 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: Did you panic about how much higher your new bills would be?
Yep-all of those things scared the crap out of me. We were sick to our stomach.
It all works out though. Really, you will be able to handle it.
Message edited 6/19/2006 2:15:24 PM.
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| Posted 6/19/06 2:15 PM |
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kaklesmay
Love my baby boy!
Member since 9/05 1151 total posts
Name:
Kim
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Re: Did you panic about how much higher your new bills would be?
Posted by MrsSchwags
Posted by kaklesmay
Im with you. 1st time home buyers here.
Im sooooooo nervous!!
Me 2. We close in a week and my DH and I run the numbers every day with "what ifs" and everything else. We will have about 10,000 in our savings to dip into god forbid we should need it. But we are very nervous.
We are also thinking of putting in an apt to bring in some income for more of a cushion at least for the first year.
Same situation! LOL!! My brother is renting our basement apt from us to ease the pain a little bit. We close on Thursday!
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| Posted 6/19/06 3:04 PM |
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2Pisces
Life Coach
Member since 2/06 3337 total posts
Name:
Paige
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Re: Did you panic about how much higher your new bills would be?
yeah we did. its nerve racking. 
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| Posted 6/19/06 3:12 PM |
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MrsRbk
<3 <3 <3 <3
Member since 1/06 19197 total posts
Name:
Michelle
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Re: Did you panic about how much higher your new bills would be?
Sue - DH had many sleepless nights thinking about this! He lived in his condo for 15 years and for 13 out of those 15 years he's had no mortgage. So the thought of having this huge mortgage, taxes (not so nice in Essex Cty) as well as the normal day to day bills, had his blood pressure rocket high.
He's calmed down alot now that we've been in the house for 10 months!
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| Posted 6/19/06 4:43 PM |
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Jessee
LIF Adult
Member since 3/06 1260 total posts
Name:
Jessee
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Re: Did you panic about how much higher your new bills would be?
Yes, every time I work out the numbers, there's proof that we can do it, but then I go into panic mode and feel like I'm going to be sick from worrying about the looming debt. Where' s the vomit icon?!
Message edited 6/19/2006 11:42:01 PM.
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| Posted 6/19/06 4:53 PM |
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Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
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Re: Did you panic about how much higher your new bills would be?
YES!!! Before we closed on our house we ran the numbers over and over. We found a way to make it work and so will you!
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| Posted 6/19/06 4:59 PM |
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johnsae
Sip.
Member since 3/06 18677 total posts
Name:
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Re: Did you panic about how much higher your new bills would be?
yes - I think it's a panicky subject for most people.
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| Posted 6/19/06 10:04 PM |
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jaysee00
LIF Adult
Member since 3/06 1647 total posts
Name:
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Re: Did you panic about how much higher your new bills would be?
Posted by Jessee
Yes, every time I work out the numbers, there's proof that we can do it, but then I go into panic mood and feel like I'm going to be sick from worrying about the looming debt. Where' s the vomit icon?!
This was totally me. Before we closed, I would keep working out the numbers to make me feel better. Then, I would panic again. We just paid our first mortgage payment. It was kind of sickening, but as everyone said, it is normal to feel that way.
I am afraid of the bills to come, but my DH just keeps reminding me that we can do it. Good luck!
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| Posted 6/19/06 10:31 PM |
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