Quote:
Originally Posted by loochy
yeah but it also sucks that you know you'll be paying like $150,000 more than your actual house costs because of interest
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Well, it depends on the size of the loan. I did some calculations on various size loans. And as of the rates a couple years ago, you could about count on paying double your principle on a 30 year amortization excluding any PMI. I can't remember if that included property tax or not, I don't think it did. Either way, it's good enough for a rule of thumb. Borrow 100K for 30 years, pay 200K total. So yeah, that's as good of a case for paying extra principle if there ever was one. And the hell of it is that interest rates are low!
Quote:
Originally Posted by okoye35chiefs
don't get a huge return.
i always wanted to keep even with the government, don't want them to use me as a savings account and I dont' want to owe....stay right in the middle with a small return..
I have been audited the last two years so this year I can't wait to get the LETTER...
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Mother **** that! Is it a full audit or just asking to verify aspects of your return?