Busy week here (ultrasound photo inside)
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|Thu, 08-27-2009 - 9:35pm|
Last week, we received an email from our landlord asking if we'd be interested in buying this house. We were pretty sure it was out of our price range based on the rest of the properties that have popped up in this area in the last six months, plus we'd already determined that there were a few promising places in a village 30-45 mins drive from here (depending on which route you take - the shorter one is over a mountain).
We used some online calculators and did a little more research about mortgages, then it was my job on Monday to set up an appt with one of the banks. (On Saturday we spent time with Hubby's parents, so he brought up the subject of house-hunting to warn them that we wouldn't always be a few blocks away. I told my parents on Monday when Tim and I had lunch with them, and I think they took it in stride more than the in-laws.)
Tuesday was an ultrasound to check the baby's growth and everything appears to have checked out. (Not sure if the tech is supposed to draw conclusions or leave that to the doc, but he did, anyway.) I didn't expect pictures this late in the pregnancy, so the two face photos are a bonus. I'll attach my fave.
Wednesday was the appt with the bank, and apparently they have very high standards for their mortgage applications, so we don't qualify for the "free downpayment" option but the woman we spoke to said our credit rating is great and it's our net worth that's the issue.
Anyway, we were given the number of a mortgage broker who will hopefully be able to get interest rates as good as our bank from a place that is willing to take a risk here and there. We haven't heard back from the application we sent the broker, so if there's nothing in my email tomorrow morning, I'll phone and see how things are going.
We want to check out a certain house (maybe two) in person with a real-estate agent, but if we're told we can't get a mortgage at this point, we hope the landlord will hold off wanting to sell until we've saved up a downpayment. We've gone through our budget and found a way to have a monthly payment that's a bit more than our current rent, so we plan to save and be closer to that mortgage within a year or so.
Most of the time, my week is fairly light as far as schedule and important issues, so that's probably why I've been a bit more tired. Of course, if things work in our favour, we could be quite busy for a while...