What is the ideal mortgage payment plan for someone who makes

>>1540257
I should probably post more info. I save about 7k a year and currently have a Camry with 240k miles on it. Drivable, but vibates (did a ton of work on it, still vibrates) a lot and has a few minor issues (windows, locks, etc).

you buy a honda for 1-2.5k and put a fart can on it and cut off the bottom of the air filter.

>>1540474
I like this

>mortgage payment plan
>car
not a good idea friendo, not a good idea

>>1540257
>mortgage
So that you don't continue sounding like an idiot, please understand that the word "mortgage" is used in modern English to refer exclusively to secured real estate loans. Although the word used to refer to any type of collateralize loan many hundreds of years ago, it currently refers only to real property loans (land or land with developments).

>>1540960
Whats the word I'm looking for then?

>>1540960
Thank you for that.
I was under the impression he was buying a car in order to live in it.

snoop poop

>>1540974
You're looking for the phrase "used beater that costs $800"

>>1540995
No thanks.

>>1541073
And that is why you will stay poor.

>>1540974
>Whats the word I'm looking for then?
Loan.

>>1541091
Nah.

>>1540257
>vibrates
holy shit you idiot, check your engine/transmission mounts.

The value of your car shouldn't be more than ~15%-20% of your gross pay.

In your case, you'd realistically want to get a $2000-$3000 car at most.

If you really wanted something nice, then keep driving your current car and save up the payments you would be making on the $3k shitbox and buy yourself a ~10k car.

>>1541275
I fixed those. Idiot.

>spark plugs
>belts
>mounts
>wiring
>throttle
>rims and tires
>maintenance

Still shakes.

>>1541305
Thanks for the answer. I know I should know better by deciding myself but I eanted to ask someone with experience first. My family is known to be bad with monry and my friends rely on their family.