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Just pulled the trigger on the first part of financing the house,… - The Veritable TechNinja [entries|archive|friends|userinfo]
The Veritable TechNinja

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[Apr. 3rd, 2007|01:08 pm]
The Veritable TechNinja
[status |nervousnervous]

Just pulled the trigger on the first part of financing the house, setting myself up for yet another year of fistfucking by the taxman. Seriously considering sending a bottle of Astroglide in with my 2006 taxes as it is. Still a jittery bundle of raw nerves, but it does feel a little better now that I've taken the first step. Tonight we go over the results of the inspection with our buyer's agent, the method of that meeting still up in the air.

In other news, going to COMA on Thursday, which promises to be a wonderland of stompiness, poutine, and bilingual tomfoolery. The Angrymobile is primed and ready for the trip, though having my warranty just run out is a little disheartening. Must get away from all this for a while.
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[User Picture]From: c0nsumer
2007-04-03 06:22 pm (UTC)
Hmm, that I don't know... I don't have stocks to sell that way. I'd imagine that it'd be best to do whatever ends up with you having the most (if interest outweighs fines, do that, etc). That I really don't know, though.
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[User Picture]From: arcsine
2007-04-03 06:27 pm (UTC)
Ahh, an IRA man I take it?

Who knows what the fines are like, all I know is every time I call my accountant I end up with a bill that makes any kind of financial question a lot less worth asking. I guess I'll just lock it up in a high-interest money market until I file another hideously complex 1040. Last year's was 40 frickin' pages.
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[User Picture]From: c0nsumer
2007-04-03 06:30 pm (UTC)
401(k) right now. And pumping money into my house to get it paid off. Doing that is like making a bit more than the 5.25% interest mortgage I have, regardless of how markets are doing.

That said, my place is 1/3 paid off, mortgage is less than $100k, and there's only about... 11 or 12 years left on it.
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[User Picture]From: arcsine
2007-04-03 06:33 pm (UTC)
And even better, any cash over your monthly payment you put in also reduces the term of your loan. Nice!
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[User Picture]From: c0nsumer
2007-04-03 06:34 pm (UTC)
My monthly payment is high enough that I usually use the cash for other things, but less than 50% of the monthly payment is interest at this point. That makes my tax returns a bit less than they could be, but it's actually better in the end. :)
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