Say you have a check for $10k

Sit on it. Never know what opportunity will come down the line. Dont be a dumbass and blow it just because its burning a hole in your pocket.

So youre saying thats the income requirement at the time of application or at the time of closing. I doubt its both. Unless its in writing, im guessing theyre not going to pull the money from someones whos home purchase relies upon it because they got an unexpected raise or bonus or something.

The bank doesnt have any say, they just submit the application to FHLBNY and if you fit their criteria and held up your end you get the money.

When you go to the class and look around you its pretty obvious most people arent in danger of overshooting the cap…

keep in mind this is a program for low income people, if you arent under their arbitrary standard of low income they probably wont consider you to be in need

again I didnt verify but I was told both, if they are wrong I wouldnt be suprised (non profits dont always draw the best and brightest)

[QUOTE=MOBOOST4U;3315820]Sit on it. Never know what opportunity will come down the line. Dont be a dumbass and blow it just because its burning a hole in your pocket. [QUOTE]

Obviously, I may pay off my car, then just keep making that payment into the account where the savings is. On top of the first time owners club deal.

Take the 10k and ask misteroman if he is looking for investors. Shiet we can get the nyspeed ballers together pool a cool 100k and start a company headed by misteroman. I am in for 10k. How much net worth do you have to have to qualify for THREE dollar signs after your name?

Lol im not sure if you kidding or not. As far as partners I would never advise it or do it unless it was something huge and was a sure thing but couldn’t afford it by myself.
I actually sort of want to change my user name as its from ubrf from like 02.

2 chicks at the same time.

Still screwed here. Only way this would have worked for me was if I was single, and I haven’t been for a LONG time.

LoL

Sounds like someones got a case of the Monday’s

Save some and start a new hobby with the rest.

---------- Post added at 12:21 AM ---------- Previous post was at 12:21 AM ----------

I hate “Monday’s”.

Just throw it in a savings account and have a nice “rainy day” fund. It’s only $10k, not $100k.

So I’m not the only one under the impression that most nyspeeders think they could figure out a way to retire on $10k?

Srsly though. Is your job stable? Do you have savings already? If no to either then just stick it in the bank for when your furnace bites it or your roof starts leaking or you get a case of the aids or something.

Otherwise I’d probably just throw it at a nylife/willybean type investment banker and say “here make it bigger.”

good point, if you dont already have a 6+ month emergency fund you would be certifiably insane to tie it up in anything for 30 years

I’m honestly not going to live long enough to retire. I never said I was going to retire with it, I just wanted options with something smart to do. Rather than build a car or some stupid shit. I hate enough shingles in the barn to re do the gold house. The wood furnace is working rather well.

So I can have my girlfriend who doesn’t legally live with me, enroll in this first time buyers program? Give her the $188/month for 10 months and then pull the money out and buy something cool with it?

If by cool you mean a home, yes lol.

Oh, so you have to buy a home. Yeah, my house is pretty cool, I think she’s better off staying here.

Oh and by the way, quit being a homo and shoot me a text.

You should have me in your home sometime if you promise not to take advantage of my supple body. I still haven’t seen it.

I would but i don’t have your number anymore. duh.

I went to HSBC today, they sent me to a place called “rural opportunities”.
WHAT THE FUCK.
Its in an old run down mall, 5 gallon buckets in the entrance way catching water dripping from the ceiling. Walk up to the directory board and there is a map drawn from fucking MS paint and a printed sheet next to it. This place isn’t on there, some old guy sitting on a bench ask’s if he can help me find something. Points me in the right direction. Find the place, the door looks like something from the entrance way to the basement of a high school. Whatever I walk in, smells like a 1990’s dentist office. The walls are only about 7ft tall, waiting area has boxes and shit everywhere. I ring the bell and some fat lady comes out that looks like she just got done destroying a box of dunkin’s finest. She tells me I need to go to the next door over. If the lights are on they are open. So I do, well the next door over is a sliding glass door… in the middle of a run down mall. Ok, its locked. Lights are on. Read all 40 signs on the door finally one says appointment only.
That had to be the white trash central of town.