Posted on: 20th Aug, 2010 11:13 am
We can pay our mortgage and our bills, but are choosing to let the house go because we're throwing our money down the drain. Our house was just assessed at half of what we paid and at an annual growth rate of 6.2%, which was the average high between 97'-05' we're looking at breaking even around year 12. If you wanted to be more conservative and factor an annual growth rate of 2% annually over the history of the loan (30 year fix, 20% down by the way) it would take 35 years to break even. My question is this, my FICO is 786 (Equifax) and 762 (TransUnion), what do think will be the point hit on my score?
Welcome bjossel,
Your query has been replied to in the given page (check my last post in the page):
http://www.mortgagefit.com/discuss/about2295.html#178454
Take a look at it. I hope it'll help you.
Your query has been replied to in the given page (check my last post in the page):
http://www.mortgagefit.com/discuss/about2295.html#178454
Take a look at it. I hope it'll help you.