We're going to see it Friday at 4pm! I don't know if the link will still work later because the house is supposed to go off the market. The owner still wants to sell it, but he wants to cut out the middle man which means we can get the house for another $8000 cheaper. Hopefully. I can't wait to see it in person.
LOANS- Now I have no idea what's going on with our pre-approval status. One guy told us we'd only get approved for about $70,000 and that would go up to $90,000 in June. The houses I've seen in town at that price range are ridiculous and wouldn't make my baby live there.
Then another guy told us that we'd be approved for $160,000 conservatively. Of course, I wouldn't spend that much on a house. Just because we're approved for it doesn't mean we can really afford it. If we want to eat.
The house D found would be as much as our rent IF we have a high percentage rate 6.5% AND if we use the $8,000 the government gives us as a downpayment. We'd save money on gas, but we'd also have homeowners insurance and taxes, etc, so it would all even out.
Anyway, if anyone out there has pointers on buying a house. I NEED TO HEAR IT.
That house looks great! I'm so excited for you guys! I gave you some advice on facebook, but the main thing is to enjoy every step. Before you know it, you'll be paying a mortgage! Yay! Good luck! Can't wait to hear what happens!
ReplyDeleteThe house looks wonderful! It seems really nice and at a pretty good price!
ReplyDeleteHolly - be sure to inquire about EXellerated Bi-weekly payments. You pay the same amount per month, but 2x and you pay an extra payment per year! Also, one more thing, enquire about something called 'double ups' which doesn't mean that you pay double your mortgage--it's an opportunity to pay back against your principal (therefore paying it much faster) for as little as $100 per month or a lump sum maximum per year!.
ReplyDeleteOh and - have fun!!
Holly - upon re-reading I should have said that you pay the same amount but you pay every 2 weeks not just once per month...thus you pay it back faster and such.
ReplyDelete