Tuesday, August 09, 2005

New Home

Sorry about that, folks.

I hadn’t realized it’d been this long since I posted. There’s simply been so much happening. Let’s start with the biggest and best thing of all:

WE HAVE A HOUSE!

About late June, we went into negotiations with a lady who owns a nice townhouse in a MUCH better area of town. The deal is that we pay her rent for a year. At the end of the year, 40% of what we paid is accepted by her as a legal 5% down payment on the purchase price of the house. The rent was set by her so that our mortage payments, as calculated by the bank, would be exactly equal to the rent we pay the first year. Thus, if we can afford the rent, we can afford the mortgage.

So we’ve moved from a one bedroom apartment in the nasty area of town to a three bedroom, one and a half bathroom townhouse in one of the nicer areas of town.

Happy happy joy joy!

Fill you in on more tomorrow.

5 Comments:

Blogger Nancy said...

Yay!! Congratulations!! Enjoy getting settled in your new digs. :-)

10:49 PM  
Blogger hockey mom said...

Congratulations! Feels good to hang your hat in your own home, doesn't it?

10:33 AM  
Blogger Michele said...

That is so fantastic!!! Congratulations! Enjoy, enjoy, enjoy!

5:36 PM  
Anonymous elizabeth said...

Cool! Now you will have enough room for your stashes, toys etc. At least for a little while - stash does seem to grow to overfill the available space.

8:52 AM  
Anonymous Anonymous said...

So this is where all the current mortgage interest rate information is, I thought I did a good job on my site, but I am humbled. Maybe someone can take a look at my site at current mortgage interest rate and tell me where I can improve.
Very nice site!!

1:44 AM  

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