I think I found my new home!

frau kaleun · 03-14-13, 07:03 PM

So I sent the banker dude some info and asked for a ballpark figure on what my monthly payment would be at the price I am going to offer and the current rates - the number he quoted me (mortgage + taxes) is less than my current monthly rent.

Granted I doubt I will get it at that price, but even at the full listed price it's not much more a month. The best part is he misread my email and based his math on a 20% downpayment, not a flat $20K downpayment... so he underestimated my downpayment (and over estimated the amount of the loan) by several thousand dollars.

Also checked with the local electric company (which would be the only utility where the bills could be significantly higher without me opting into more services) and the average monthly bill at that property over the past two years is only about $30 more than what my bill is here. Even the highest bills during the coldest winter months are only about that much more than I pay now in the winter.

In short: THIS IS SO TOTALLY DOABLE!!!!!

I am checking like, every 30 minutes to make sure the status of the property isn't suddenly upgraded to "under contract" or "pending" or something. PLEASE PLEASE PLEASE don't let anyone else make an offer on this before Saturday.

03-14-13, 07:03 PM	#11
frau kaleun Rear Admiral Join Date: Nov 2009 Location: Skyri--oh who are we kidding, I'm probably at Lowe's. Again. Posts: 12,706 Downloads: 168 Uploads: 0	So I sent the banker dude some info and asked for a ballpark figure on what my monthly payment would be at the price I am going to offer and the current rates - the number he quoted me (mortgage + taxes) is less than my current monthly rent. Granted I doubt I will get it at that price, but even at the full listed price it's not much more a month. The best part is he misread my email and based his math on a 20% downpayment, not a flat $20K downpayment... so he underestimated my downpayment (and over estimated the amount of the loan) by several thousand dollars. Also checked with the local electric company (which would be the only utility where the bills could be significantly higher without me opting into more services) and the average monthly bill at that property over the past two years is only about $30 more than what my bill is here. Even the highest bills during the coldest winter months are only about that much more than I pay now in the winter. In short: THIS IS SO TOTALLY DOABLE!!!!! I am checking like, every 30 minutes to make sure the status of the property isn't suddenly upgraded to "under contract" or "pending" or something. PLEASE PLEASE PLEASE don't let anyone else make an offer on this before Saturday.