Signed, sealed and delivered! Finally!

u crank · 08-21-14, 05:06 AM

Congratulations Capt. There's no place like your own place.

Now get to work.

Jimbuna · 08-21-14, 05:59 AM

Congratulations

Wolferz · 08-21-14, 06:08 AM

And now the real fun begins.

Congrats.

vanjast · 08-21-14, 06:28 AM

House hunting can be a mission.... but luckily for us we actually never looked for the 3 houses that we've been through - the 'houses came to us'

.
Estate agent called the inlaws, inlaws had a look then called us.
All 3x we were surprised as we were not actually looking, and then just said.. 'We'll buy it'.

We must have been nuts most of the time, but the frenzied activity thereafter was a mission, but all has worked out OK.

The best advice I can give in this regard...
On your Bond/Mortgage, pay 10% more than you have to.
As on a 20/30 year mortgage, you actually end up paying 2x-3x the price of the house. 10% extra will approximately halve your repayment period.
You literally save 10+ years of repayments = another house = Lots of $$$.

All of the 3 houses that we bought, the wife and I threw everything extra into the payments. We only had an old shot TV, no audio deck, 2/3rd hand cars, but we cleared our mortgages within 4 - 5 years. Now we're sitting pretty. The Banks don't like you doing this and will try to discourage you as they make lots of lolly from loans. Show them the 'magic finger'.. it's your money and you can do with it what you like.

Onkel Neal · 08-21-14, 07:20 AM

Awesome, my favorite kind of thread. To steal a phrase from Steve, those of us living in uninsulated shipping containers are jealous

. Need pics and a development plan.

Wolferz · 08-21-14, 10:21 AM

Quote:

Originally Posted by Neal Stevens

Awesome, my favorite kind of thread. To steal a phrase from Steve, those of us living in uninsulated shipping containers are jealous

. Need pics and a development plan.

A la Frau K?

Onkel Neal · 08-21-14, 06:59 PM

Quote:

Originally Posted by Wolferz

A la Frau K?

Exactly, that thread was awesome!

Aktungbby · 08-21-14, 02:46 PM

Quote:

Originally Posted by Wolferz

And now the real fun begins.

Congrats.

Indeed! the termite crew is arriving tomorrow to do a $1700 job all round the perimeter and crawlspace. The roof estimate, under-eave paint...and a new stove is in the works-the chief cook's been grumbling "no joy"!

Just replaced the dispose-all and faucet in the main bath myself to cut corner$! There is an upside! only 10 more years to go on my 4% fixed mortgage and my bli$$ will be $ublime-by which time a reverse mortgage should cover the next property I'll own...in the local cemetery!??

Seriously though: welcome to THE AMERICAN DREAM

it's what really keeps the economy going

08-21-14, 05:06 AM	#1
u crank Old enough to know better Join Date: Dec 2011 Location: Prince Edward Island Posts: 11,746 Downloads: 136 Uploads: 0	Congratulations Capt. There's no place like your own place. Now get to work. __________________ “Two possibilities exist: either we are alone in the Universe or we are not. Both are equally terrifying.” ― Arthur C. Clarke

08-21-14, 05:59 AM	#2
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 190,615 Downloads: 63 Uploads: 13	Congratulations __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!

08-21-14, 06:08 AM	#3
Wolferz Navy Seal Join Date: May 2007 Location: On a mighty quest for the Stick of Truth Posts: 5,963 Downloads: 52 Uploads: 0	And now the real fun begins. Congrats. __________________ Tomorrow never comes

08-21-14, 07:20 AM	#5
Onkel Neal Born to Run Silent Join Date: Jan 1997 Location: Cougar Trap, Texas Posts: 21,385 Downloads: 541 Uploads: 224	Awesome, my favorite kind of thread. To steal a phrase from Steve, those of us living in uninsulated shipping containers are jealous . Need pics and a development plan. __________________ SUBSIM - 26 Years on the Web

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08-21-14, 06:28 AM	#4
vanjast Sea Lord Join Date: Jun 2006 Location: Somewhere else now Posts: 1,739 Downloads: 825 Uploads: 4	House hunting can be a mission.... but luckily for us we actually never looked for the 3 houses that we've been through - the 'houses came to us' . Estate agent called the inlaws, inlaws had a look then called us. All 3x we were surprised as we were not actually looking, and then just said.. 'We'll buy it'. We must have been nuts most of the time, but the frenzied activity thereafter was a mission, but all has worked out OK. The best advice I can give in this regard... On your Bond/Mortgage, pay 10% more than you have to. As on a 20/30 year mortgage, you actually end up paying 2x-3x the price of the house. 10% extra will approximately halve your repayment period. You literally save 10+ years of repayments = another house = Lots of $$$. All of the 3 houses that we bought, the wife and I threw everything extra into the payments. We only had an old shot TV, no audio deck, 2/3rd hand cars, but we cleared our mortgages within 4 - 5 years. Now we're sitting pretty. The Banks don't like you doing this and will try to discourage you as they make lots of lolly from loans. Show them the 'magic finger'.. it's your money and you can do with it what you like.