If any of you are surprised by our jumping into the house thing, I can assure you we are just as surprised. We literally went from looking online last Wednesday to making an offer on the following Monday. Last night reality began to sink in as we reviewed several mortgage offers from a bunch of lenders. I suppose if we had done some research we would have learned that closing costs are a bit crazy. However, once we separated the deposit from the closing costs we were dealing with more friendly numbers and it all seemed a little more possible. While many of you might not care about this information I want to pass the word on since I wish somebody had provided this sort of info to me before I got here. Once again I have to thank Jennifer, because she really pulled it all together. This morning we woke up with a new focus and have now successfully sent an application for the mortgage, since we were required to this by Friday. Luckily Cara stopped by last night and let us in on the little secret that you can negotiate your interest rate with the lenders and so Jennifer was able to cut almost .5% off of our original quote, which over the course of the loan saves over $10,000. Nice!!!
Looking at the big picture it is really an easy process, but it when you don't know all of the steps it gets a little nervewracking. So the next step is the home inspection next week, followed by the signing of the purchase and sale agreement next Thursday. Then all we have left to do is wait for the closing at the end of September. It will all be done soon enough.
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