Saturday, June 23, 2007

Let me take this moment....

To brag about my amazing husband. He has officially finished the school year with an impressive 3.84 GPA ending with the hardest quarter of classes thus far! His dedication and focus continue to leave me in awe. However, don't get the idea that the end of finals meant the end of study for the summer, oh no, Jimmy has diligently studied for the MCAT (which he takes July 13th) every day for 6+ hours! Incredible! After which he goes to work every night and works in a lab at UW on Thursdays. How does he do it? He worked almost 50 hours last week! And still studied everyday! Now before you start feeling sorry for me thinkin I must be getting no attention with all of this going on, He has also managed to make time for me and Ammon. He watches Ammon while I have appointments during the day, and makes dinner with me every night (even if it is at 10pm) I am just so proud of him and his accomplishments. For those of you who see or talk with him from time to time, take a chance to pat him on the back for his outstanding efforts! He's my hero, if only I was capable of accomplishing as much as he does!

PS keep us in your prayers on the 13th! BIG DAY! Isn't life great?

Monday, June 4, 2007

Renting vs. Owning

Although some renters believe that renting is “maintenance free,” they are actually paying for maintenance in their rent – whether they need it or not. Renting offers you no equity, no tax benefit, and no protection against regular rent increases. If you’re paying rent, you’re really just paying someone else’s mortgage. Let’s compare.*

Rent Vs. Own

Monthly Payment
$1,000 vs. $855
$30 vs. $50
$0 vs. $260
MIP Insurance
$0 vs. $45
Total Payment
$1,030 vs. $1,210


Interest Deduction
$0 vs. $175
Tax Deduction
$0 vs. $75
After Tax
Net Monthly Payment
$1,030 vs. $960

* Approximate Payment/Cost Comparison based on estimated annual tax results. Based on 2.5 tax bracket and on estimated first year interest and taxes. Recommend consulting with tax expert. Payment based on FHA 30-year fixed rate loan with 7% interest rate, sales price of $125,000 and a loan balance of $121,250. Interest rate/rental rates, prices, terms, and availability subject to change without notice. See a qualified tax consultant for more details.