The past two days have been very busy, for both Natasha and I.
We've been working on a bunch of different things.
Natasha has been getting trained for her new teaching job, and I've been trying to get settled everything we need to do to buy our house.
Apparently the seller accepted our offer of $190,000, plus the seller pays up to $5,700 in closing costs.
Tomorrow, we will go to the Real Estate Agent to sign the "sales contract." Basically, this guarantees we will be buying this house, for this agreed upon price.
I met with a Mortgage Lender, today. She worked it out, so we will be paying 6.25% interest on an FHA Loan for $190,000. We need to pay around $5,000 to $6,000 for a down payment.
We still believe we're getting a "good deal" on this house. Our monthly payment is going to be a little under $1,500 a month. There's not much we can do about it. Hopefully Natasha and I will keep working, and we'll be able to make the payments on time.
Someday, down the road, we should be able to sell this house for a good price. So, we need to look at this as an "investment opportunity."
The day that we should be "taking ownership" of our house is scheduled for September 25th.
Wish us luck!
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