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View Full Version : We went bananas .....

tlhdoc
07-15-2003, 08:24 PM
birolGood luck on the new home.
Acts 2:38 girl
07-16-2003, 06:22 AM
birolgood luck! [:)]
AustinBoston
07-16-2003, 06:23 AM
birolWatch out for closing costs...could turn that 100 SF into more money thatn you think!



Austin
Mahaffey-Family
07-16-2003, 07:32 AM
birolGood Luck, Birol I hope your dreams of this home come true.
birol
07-16-2003, 08:10 AM
birolI really don t think the bank will go for it, they immediately asked for the tax returns, not the assessments, and when I mentioned it doesn t look good, the ladie s voice I deal with went really down.



Our take is that, the rental house can pay itself and the new house, and let us live any way we can so we can live in a house, the new mortage will only be 100 C$ more than the old mortgage, we can manage that. But if they go with you gotta make X to get a mortgage of Y, then it won t happen. And I am pretty sure that is what is going to happen. We have a huge equity on the old house which will cover the mortgage of the new house, I am thinking maybe they can consider this a secured mortgage and process it that way. I don t know ......



DW really wants it, I do too, but not as much as she does. It would be nice to live in a house again. Especially one of our neighbours is making it difficult for us to live in peace, thus we want to move .... And a two car garage, and our own little yard.



I am printing the tax returns and stuff now, will meet with her at 1:30 pm. I wish I ahd a real job, this would fly thru so easily :(





Oh well, worst comes to worst, we will still have the town house, so it is not a big deal, but now that our hopes are high .... you know how it is.
birol
07-16-2003, 08:55 AM
birolDW is already packing and making plans for the move, arrrrgggghhhhhhh. I hope she doesn t get a big dissapointment [&:]
B-flat
07-16-2003, 09:57 AM
birolAre you buying a place to park the camper you are purchasing? It has a 2 car garage, doesn t it? Good luck. If it is meant to be, then it will be. Have you thought about an equity loan from your former house to buy the new house?
birol
07-16-2003, 10:13 AM
B-flat

ORIGINAL: B-flat



Are you buying a place to park the camper you are purchasing? It has a 2 car garage, doesn t it? Good luck. If it is meant to be, then it will be. Have you thought about an equity loan from your former house to buy the new house?







One of our reasoning is the PU too, we need a place to keep it in, and this new house have a two car garage.



Thoought about getting some money against our secured line of credit on our old house two. That would enable us to put down 25% down and save money on the mortgage insurance to the tune of 6,500 C$.



I am crossing my fingers, within an hour I will be talking with the bank ......
B-flat
07-16-2003, 10:32 AM
birolI am so excited for you and your family. Hope all goes well for you. I help lots of folks acquire homes and other properties all the time. I still get excited for each client when they are purchasing ro selling just as I did 24 years ago when I first started helping folks buy and sell. Some out of state buyers would send me detailed floor plans with how their furniture was to be placed and I would meet their movers. Presto, when the buyers walked in, everything was ready for living. I m some kinds of finantic about organizing stuff, anyway.

Go for it birol. It can be done somehow....plenty of lenders out there want your business and with rates lower than in 40 years, there s no need to wait any longer. A new home for the popup would be great. Oh yes, I know someone who went to look at a boat at a home I had for sale and ended up buying the boat plus the house to go with it. LOL!
birol
07-16-2003, 11:09 AM
birolFingers Crossed, leaving [;)][;)][;)]
Firefyter-Emt
07-16-2003, 02:43 PM
birolBriol.. what did/do you do for a living?? Don t have to answer..just curious.
birol
07-16-2003, 02:58 PM
birolComputer engineer, last job was System/Technical support manager combined with Quality assurance manager .......was working for a Telecom Giant .....





Now, I distribute newspapers to homes [&:][&:][&:]
ShirleyT
07-16-2003, 03:49 PM
birol

ORIGINAL: birol

Now, I distribute newspapers to homes [&:][&:][&:]





Now wouldn t that job really be....



Commuincations delivery technician
birol
07-16-2003, 03:56 PM
birol[:)][&:][:(][:)]
Jo Ann
07-16-2003, 04:15 PM
birolwell birol...did ya hear anything yet...my fingers are SSSOOOOOOO crossed for yinz.



birol...disregard this message until tomorrow or friday...thought today was the 17th...duh
Jo Ann
07-16-2003, 04:15 PM
birolshirely...that was really good...hehehehe
B-flat
07-16-2003, 04:43 PM
birolI m going bananas. The wait is getting to me. Anyone else going bananas?[8D][;)]
birol
07-16-2003, 06:14 PM
birolMe too going bananas :)
tlhdoc
07-16-2003, 06:33 PM
birolI am Bananas.[:D]
birol
07-16-2003, 07:55 PM
birolThe bank is bananas !
birol
07-17-2003, 05:31 AM
birolAnyways , back to reality ....





According to the sales lady who is very buddy buddy with the banker we talk with, it is a done deal. Yesterday at the bank she had told me that it would be a difficult one, and when I asked, if it would not go thru, she had replied with a I did not say that.



She told the sales lady that she doesn t see a problem with the application, so we celebrated little bit last night. But, until they say it is formally approved, of course it is not approved. Today I am taking a few more pieces of paper and we should be done with the bank. We have to put down an offer this Saturday or Sunday, NOT conditional on selling our town house, which is scary. They have only 4 lots left and they are definitely not accepting conditional offers .



A real estate agent is coming this afternoon to talk to us, We will find out if it is worth what we think it is pretty soon.



Fingers still crossed.



P.S. I forgot to mention, the lady at the bank made me go for a bigger house then we had planned for. She calculated tons of numbers and said, for 70 bucks a month, if you are going to balk, don t buy any houses, if you are buying a house you should buy this humongous one (for us). So we are going for a 1,800 SQ feet house now. Which is really big compared to our house.
Acts 2:38 girl
07-17-2003, 05:46 AM
birolAWESOME!!! [:)] I m so happy for you! Don t worry about the final approval, because I don t think they would go through all this initial paperwork for you if there was not a great chance of the loan actually going through!

DW is already packing and making plans for the move, arrrrgggghhhhhhh. I hope she doesn t get a big dissapointment



Babette is just " acting" in faith! Sometimes you just know!
birol
07-17-2003, 05:58 AM
birolThanks Acts 2:38 girl , I am so excited, I couldn t sleep :) Yesterday we looked at the house in and out, it is just about to be bricked, it was a great feeling. Of course we don t get to choose the brick colour, but, it is an off color red variant, and I think we will learn to like it :)



The really good thing is (I hope this goes thru, we still have to discharge our current mortgage and pay a fine) The ensuite is the optional expensive one with with two sinks, oval tub and a seperate shower. Costs 3,000 dollars. They already framed it that way, and I don t see them ripping it off this late now. We did not want it that way, so we are getting it free hopefully [:D][:D][:D].



By the way, How wide is the PU ? We are thinking that the single garage is wide enough to get the PU and the minivan in. It is 15 5" wide, Minivan is 6 4" wide, If the PU is around 7 only, it is great ! We can park them both inside !
Acts 2:38 girl
07-17-2003, 06:07 AM
birolhmmm... I ll have to measure it later on today bacause I m really not sure! I ll have DH get back to you about your other questions too. We ve been really busy looking for a house for us around here too, and our new septic system has been going in for about a week, and our buyers home inspector came yesterday. Not a dull moment around here! [;)] I m sure you can relate!
Acts 2:38 girl
07-17-2003, 06:14 AM
birolcheck out the poll forum birol, you are included in one of the new polls! [:D]
birol
07-17-2003, 06:55 AM
birolThanks acts 3;38 girl. If I can get that I would appreciate it very much. And Of course I know what you are going thru now. ( month ago we had to clean and make our house presentable for a tenant, and now we started a mad rush to do the same with this one. It is just not fair at all. When everyoen was selling their houses, I was going, yehaaa suckers they gotta clean and worry and I can just relax in my Town House, guess what, I am the bugger sucker, Now we gotta pull this off so quickly ......





We keep moving and moving costs money, I think we are not loosing any money on this move though cause in 9 months the value of the house went up to offsett the cost of real eastate agents fee and the closing costs (Thanks God, otherwise we would never ever be able to move).



By the way, buyers inspector means you have an offer !!! You kept that a secret from us, Congrats !
birol
09-28-2003, 05:05 PM
Today we were visiting the sales office of the home building company and talking to the sales lady who sold us this town house and our old house.



She likes us I guess, she offered us a small detached home for only 30,000 more than our town house had cost last year. We were little bit complaining about how small it was and our neighbours and so on. She goes, well, it is a very slow season for us and we can give you a real good deal. The good thing is the value of the townhouse went up by 20,000 in that year, so we are not talking a huge difference.



But, as I am unemployed, it might be impossible to get financing anymore ..... Tomorrow I will go to the personal banker who approved us three times and lay the cards on the table and see if we can switch mortgages and move to a small house (only 100 SF bigger than this) but it is a detached home!



Wish us good luck :) will let you know how it goes of course .....