You know some days are really good and some days really suck...well, this happens to be a good day. We put a contract on our home in July and our closing costs and downpayment were going to cost us $9000. Lender called today our closing costs and downpayment total $5200!! We saved the $9000 + to be on the save side. So we have additional savings for when we move in. One word...furniture. Hope everyone is doing well. Dani
Happy for you dani. How much house did you buy? I am planning to get a $120/150k townhouse of my own next year. Congrats!!!
I am with Mom (not literally, just figuratively) I jumped in to a home and spent every dollar I had on the downpayment and it really hurt the first 4 years when even minor repairs or mishaps come up (everything starts at a minimum of $1000.00 once the home is yours). Great that you saved the 9K. Congrats on the new home.. I wish you happiness and good times ahead. -Peace, Dave
Hooray!! I am so jealous! I can't wait till my fiance and I can buy a house.... Dani, do you have any words of wisdom regarding credit requirements, etc. when it comes to homebuying? Enjoy! )
Actually, no words of wisdom. I truly believe anyone can buy a house. I thought it would be alot more difficult than it was. For a couple years, I was scared to apply because I thought that we didn't make enough nor did we have anything in savings and that the lenders would laugh at us. You need to have one of three strongholds to purchase a home...the income, the credit, or the downpayment. If you have one or more of the above it's pretty easy. Hubby and I have not applied for credit since February because we didn't want any recent inquiries on our reports. And since we put the contract in in July they've been watching us like hawks. Over the past four months they've pulled our credit report three times. Once for preapproval, once a month before closing (just to make sure nothing had changed) and then I've been told they will pull it again next week prior to closing. So two more weeks and I can apply for something!! I have no idea what though. Maybe Juniper. My only advice is if you have the savings and credit buy a house now. We got 6.5% with 0 points. There were a couple of people who were fortunate enough to get 6.25% for the few days it lasted, but we had already locked in by then. But, good luck and you can do it. Dani
Excellent advice Dani Are you going to be burning up those online bank sites with applications after you close LOL
Good luck Dani. I'm sure that everything will go exactly as planned. I would also like to thank you for your warm wishes. We really appreciate them.
Mom, I may hit one or two online sites. Are you excited about the first Xmas in the new house? I can't wait to decorate. I probably won't have the dishes unpacked, but darn it I'll have that tree up. Dani
Erica, I need all the good luck I can get. The only thing that terrifies me is the couple of days before closing. I heard it's nothing less then utter chaos. If they push our date back we're homeless. Oh well, we'll throw the mattress in the back of the pick-up truck and pretend we're camping. Dani
Congratulations Dani! I don't know if i will close before the end of Dec.--who did you get 6.5% and no points with. I had been quoted 7 with no points--I would have to buy down to 6.5--just interested to know who the lender is. cariba
Cariba, Thanks. I live in Virginia and my broker is Preferred Mortgage Services out of McLean. If you need their name and number let me know. Congrats on your new home. Dani
