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Are you a home owner?
- Thread starter MrDawn
- Start date
My partner owns the house (she had it before we met), but I contribute toward living costs.
We're currently saving to move and get a place of our own, although it's been slightly delayed by deciding to get married.. 😅
We're currently saving to move and get a place of our own, although it's been slightly delayed by deciding to get married.. 😅
Congrats on the marriage, and hopefully the place comes soon
Owning a house in this part of the country is very difficult because of the low purchasing power. So, I just rent the place that we are staying and I have been careful to manage it well as well. I do think that changes are coming very soon when my income improves.
yes i do own my own house
That mortgage is now $724 dollars a month; still pretty reasonable given the economy at present.
Did your property tax and insurance go up?
No;' North Carolina doesn't allow for property tax increases that are more than the annual cost of living, so while they've gone up, it hasn't been by much.
How does your mortgage payment go up then? Are you on an adjustable loan or something?
Its' a 30 year mortgage with a 2-year adjustable rate; the rate can go up no more than 1% every two years and the highest it can ever go up to is 10.75%.
At present its 4.75% and I've got less than 14 years remaining on it.
Oh okay.
Mine stays the same forever, with a 2% interest rate (bought during the pandemic).
The only thing that makes my payment go up is property tax and insurance going up (they are bundled into my mortgage payment).
Wish they did that Missouri.
How much is your property tax per year?
Still higher than it should be. It's a 7 year old car. It should have gone down by now.
Car?
Yeah, they charge property tax on cars here.
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