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Strategies & Market Trends : Dividend investing for retirement

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To: chowder who wrote (5454)	8/16/2010 8:52:54 PM
From: Steve Felix	4 Recommendations Read Replies (1) of 34328

OT - My daughters and son-in-law are looking to buy a house together. Two floors with a kitchen and bath on each 1400 sq. ft. floor. With my son-in-law in the Navy and only around on weekends, planning on all living upstairs, and to rent out the bottom half. Went for pre-approval of $250k today. Mostly from having them on my credit card ( I thought this was supposed to stop? ) FICO scores of 806 and 808. The mortgage person went through the married daughter and her husbands finances first, informing them they could do it on their own. After going over my younger daughters checking account, CDs, and money market account, she asked if they all had recently inherited some money. My oldest piped in that no, there was no inheritance, just a dad that pounded on them to save and be a lender, not a borrower. The woman replied that they were lucky to have me, since very few their age were in position to take advantage of both mortgage rates and the real estate market being down. Afraid the swelling in my head hasn't gone down yet. :)

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