Little bit of this, little bit of that.
Get to the house - I want to hear about your house!
Um, I bought one! And the vast majority of the crap inside it to boot! It's little, cute, fabulous. I move in on Nov. 29 or so...will post fully later, maybe with pictures!
Was it hard to do with the world gone crazy? Like, did you have to put down a huge down payment to get a mortgage? My lease is up in June, and I'd like to buy something, but I'm scared.
It was not bad, but my house is very inexpensive compared to other homes in Charlotte (i.e. small). I had to put 3% down and then consider closing costs (which the seller paid all of in my case so that was good). I also got a lot of repairs out of the seller after the inspection revealed some faults. I got a really, really sweet deal which, they tell me, is because of the market right now. "It's a GREAT time to buy!" is what everyone says. Of course they're the ones doing the selling (realtors, mortgage people). These are also the people who told me I could buy a $200,000.00 house, which is just rediculous. As someone who is NO EXPERT on these things, my advice is give your bank or a mortgage person a call, let them run your credit, and they'll "pre approve" you for X amount. Then, figure out what you can really do as a monthly payment (mortgage, taxes, insurance) and from that figure out your REAL price range. My sense is (again no expert here) that housing prices are dropping, and there are lots of forclosures based on shady and/or irresponsible lending deals, but if you're looking to buy within your means not much has changed except there's a lot to choose from. I do hear that places are requiring higher down payments (like 10 to 20%) but if you can scrape that up over a few months it will just mean lower monthly payments (or quicker payoff) in the long run. ANNE! Email me some time. How are things?
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