BEHOLD!

IRG CommandoJoe · Post by **IRG CommandoJoe** » 2004-03-24 10:22pm

You might want to paint over the cracks in the roof...they reveal the secret hatch to your missile silo.

Col. Crackpot · Post by **Col. Crackpot** » 2004-03-25 08:35am

IRG CommandoJoe wrote:You might want to paint over the cracks in the roof...they reveal the secret hatch to your missile silo.

thats not a missile silo, thats the hatch to my secret domicle retrofit HUMRAAM launcher.

Just in case the Canadians get uppity.

Chardok · Post by **Chardok** » 2004-03-25 11:08am

Questions:

1. PMI?

2. Escrow account?

3. Homeowner's ins. co?

4. Flood zone?

Col. Crackpot · Post by **Col. Crackpot** » 2004-03-25 01:42pm

Chardok wrote:Questions:

1. PMI?

2. Escrow account?

3. Homeowner's ins. co?

4. Flood zone?

1. no PMI. Even though i only put 5% down, the mortgage broker wrote out a concurrent 30 year note for the remaining 15% as a home equity loan. Because of that i saved a bunch in PMI insurance, i'll just re finance when i cross the 20% equity threshold. If i keep it that long. I got the house for a song, i might turn it around in a few years with the way the market is going.

2. taxes are paid to lender with the mortgage every month and placed in escrow. State law requires it.

3. a good friend is an agent. most likely i'll keep Vermont Mutual whom i have a renters policy with.

4. It is not on or near the flood plain, despite it's proximity to a beach. we've had 2 hurricanes since '86 and that neighborhood has never flooded.

Chardok · Post by **Chardok** » 2004-03-25 04:49pm

MakeSURE you review your annual escrow account disclosure statement provided by your mortgage company. A discrepacy of just 100 dollars in your taxes or insurance in january can cause a shortage of just over 2 TIMES that amount by the time our escrow account is analyzed in december. Be proactive in the management of your escrow account. I've seen payments jump almost a THOUSAND dollars in one year simply due to a reassesment which raised the tax amounts by 500 dollars, but the escrow account payment didn't change until months later (It's a timing thing. I could write a doctoral thesis on escrow accounts) [also the homeowner's insurance went up ALOT in one year]

Also,....more later...break over...calls in queue