Hey all,
The boyfriend and I are so tired of renting. We spend nearly $1,000/month in rent on a 1 bedroom apartment in Charleston! We've looked into buying a house on and off for a couple months, and became serious with looking this past weekend. We looked at a few homes, and were shown a $94k Fannie Mae repo home (that is market valued at $125k, so we would be ahead with some paint and carpet or hardwood!) that we really liked. We did the math, and we would save over $400-500/month by NOT renting anymore! And if we move in the next few years, chances are we'd make money back on the house, whereas we aren't with renting (and this complex has been making me livid in the last few months with how the office manages things).
It's a 1,368sqft brick house with a beautiful screened in sunporch (perfect for kitties!), GIANT bay window with a ledge (again perfect for kitties!), fenced in backyard (perfect for the pup!), and a garage with large driveway (perfect for us!) and we fell in love. Because I am unemployed (and have a mortgage under my name still with my ex-husband since he hasn't refinanced me off it yet), I can't use my excellent credit score to qualify for a loan. But the boyfriend has a good credit score, definitely good enough to qualify for any loan according to the Realtor, with no debt and a better income than I had at my last job. We are still nervous though about being pre-approved. I recently cashed in the 401k I had for 2 years at my previous employer and will have a $6,700 check deposited next week that we hope to use towards a downpayment, we also have about $2k in cash at the apartment to use as well. I am mentally stressing out because I reallllly want this to work out and I don't want to be devastated if it all falls apart.
So, I'd just like to ask for some of those super awesome magical TCS vibes that things go smoothly and we manage to get this house for us and our fur-family!! Thank you!!
The boyfriend and I are so tired of renting. We spend nearly $1,000/month in rent on a 1 bedroom apartment in Charleston! We've looked into buying a house on and off for a couple months, and became serious with looking this past weekend. We looked at a few homes, and were shown a $94k Fannie Mae repo home (that is market valued at $125k, so we would be ahead with some paint and carpet or hardwood!) that we really liked. We did the math, and we would save over $400-500/month by NOT renting anymore! And if we move in the next few years, chances are we'd make money back on the house, whereas we aren't with renting (and this complex has been making me livid in the last few months with how the office manages things).
It's a 1,368sqft brick house with a beautiful screened in sunporch (perfect for kitties!), GIANT bay window with a ledge (again perfect for kitties!), fenced in backyard (perfect for the pup!), and a garage with large driveway (perfect for us!) and we fell in love. Because I am unemployed (and have a mortgage under my name still with my ex-husband since he hasn't refinanced me off it yet), I can't use my excellent credit score to qualify for a loan. But the boyfriend has a good credit score, definitely good enough to qualify for any loan according to the Realtor, with no debt and a better income than I had at my last job. We are still nervous though about being pre-approved. I recently cashed in the 401k I had for 2 years at my previous employer and will have a $6,700 check deposited next week that we hope to use towards a downpayment, we also have about $2k in cash at the apartment to use as well. I am mentally stressing out because I reallllly want this to work out and I don't want to be devastated if it all falls apart.
So, I'd just like to ask for some of those super awesome magical TCS vibes that things go smoothly and we manage to get this house for us and our fur-family!! Thank you!!