Syl
Finally! We bought a house...
by Aussie Oz 27 Replies latest jw friends
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straightshooter
Congratulations on your new home and the goal to be free of house payments in 15 years. Hope the best for you in your endeavors.
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Hadit
Congratulations! Sounds like a great place. Enjoy your new home.
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GLTirebiter
Congratulations, Oz, your persistence has paid off!
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cult classic
"have bought on old country house on 3 acres. A bit (lot) of renovation work to do but in 15 years i will be all ours. (all going to plan)."
Remember Aussie "humans plan, Jehovah purposes" ... LOL just kidding
Congratulations
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wannabefree
Awesome! Congratulations!
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jamiebowers
Congrats!
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Aussie Oz
Thankyou all! Thankyou for the lovely wishes and comments
even as today closes there were drama's!
the agent must have the letter of approval from the bank by today...
i checked with the agent at lunch time...no, havent seen it!
went to the bank... yes i sent it... oh it didn't go through...!
bloody hell! Talk about having to drive it and do the banks work!
Anyway, short of armageddon coming in the next 3 weeks we'll be right!
oz
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acolytes
Hi Aussie
For many a house can become a prison with golden bars. You are however at the moment in a very good position. Interests rates are low.
Be careful not to increase the loan too much with the rennovation work. Your mortgage is 15 years prioratise your repayments .
My advise any outstanding monies you have at the end of the month use to reduce the mortgage cost. Then the house will be yours in maybe 7-10 years. Besides its better to get on top of the loan before the interest rates go up.
NO bank or individual has a crystal ball but two years ago 5% was conciderd a good fixed rate.Today I guess you are paying between 2 and 3%. In 3 years it could be 8%. Rates can only go up so dont let the bank win .
In short with a loan always ask yourself who benifits. The only way the bank dont benefit and you win is by reducing the money you will give them.
Acolytes
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zoiks
Congrats!