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VARNING It is stormy. Confluence. Convergence. This whole… - Portrait of a Young Man as The Artist — LiveJournal
About in Stockholm

It is stormy. Confluence. Convergence. This whole house buying thing? A little frightening. Not quite like last time we were looking, where the details were awfully fluid and hard to quantify. No. This time, everything is aligning quite nicely and we have all the right answers for the questions, even the weird ones, presented by various parties with whom we are working. We impressed mortgage officer #1 last night with our preparedness and understanding of the intricacies of mortgages, interest rates, points systems, escrow and what not. We frightened our buyer agent with our organization, coordination and house-finding skills.

The meet with mortgage officer #1 went well last night, needless to say. We learned our credit scores - well above 700 even in composite (we knew our credit was excellent but not the actual numbers) - and that, even were we to pursue a 15year term, we'd have quite the enviable debt-to-income ratio. He describe us as "golden," which I interpret as him saying "you sure you don't want more money?" No, sir; we know precisely how much house we can afford AND maintain our lifestyle.

Depending on how our buyer agents sets viewings (for the 18 houses in our queue) we could put an offer in as early as next week.
That? That is especially unnerving.

Perfect storm, yo.

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3 comments or Leave a comment
lady_fox From: lady_fox Date: August 4th, 2009 06:40 pm (UTC) (Link)
It's crazy. I'm still not able to wrap my head around it.
slashpyro From: slashpyro Date: August 5th, 2009 12:19 pm (UTC) (Link)
I looked at nearly 50 houses over about a month and a half before I picked my first house. So you're doing pretty good if you find one in the first 18.
abmann From: abmann Date: August 5th, 2009 12:44 pm (UTC) (Link)
This isn't exactly our first rodeo. :) We were looking at houses last year, newly built places, but eventually decided that we couldn't really afford a house without compromising a lot of what we were seeking. In that sense, I think we've already seen maybe 10 houses.

Going this route, existing houses, is so much better. More bang for the buck!
3 comments or Leave a comment