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Thread: Signing loan papers today

  1. #11
    Super Member pittsburgpam's Avatar
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    Retirement is in 8 more years if I take it early at age 55. I work in the mortgage industry and at the same company for 17 years. They've had several rounds of layoffs and I decided to do this now... just in case. House prices are low and the payments are only $469 + taxes & insurance. I couldn't even rent a small apartment for that! Even in the less expensive area this house is in. Since it is considered an investment, my lender required an appraisal that included an income analysis. The rent is estimated to be $1100 per month.

    I'm pretty sure that even if I had to retire right now, or lost my job, that I could afford this house on my current pension amount that I've accumulated. In 8 more years I'm certain of it.

  2. #12
    Super Member amandasgramma's Avatar
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    beautiful!!!! And good move for planning for retirement!!!

  3. #13
    Senior Member Momof3Es's Avatar
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    That looks like a great house! You could use it as a summer house for now until you retire!!

  4. #14
    Super Member raptureready's Avatar
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    That's so cool! Since I worked for the U of I, I was able to retire with 30 years in at the ripe old age of 51. I retired the year my dd started first grade.

  5. #15
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    Congratulations!!!

  6. #16
    Super Member pittsburgpam's Avatar
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    MAN!!! Retiring when your DD was so young must have been wonderful!! I will have 25 years in at the age of 55.

  7. #17
    Senior Member quiltstodo's Avatar
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    Beautiful Home. Where in California were you able to find those prices? We've had to look in Texas to get those kind of prices. Congrats on a great deal.

  8. #18
    Power Poster CarrieAnne's Avatar
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    Congrats!

  9. #19
    Power Poster amma's Avatar
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    Congratulations! :D:D:D

  10. #20
    Super Member redquilter's Avatar
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    What a sweet house. Congratulations.

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