Sunday, October 5, 2008
Monday, September 22, 2008
Man they've changed the layout of blogger since I have last been on. I've been MIA since school started..because I am extremely busy! I thought I would just quickly share a few updates:
-Josh and I went and looked at a house in Buxton, ND a few weeks ago. We really fell in love with it, but decided that it would be too much work. It was an older home and needed a lot of TLC, and we figured that for our first home, we didn't want such a big project. The realtor is still sending my homes everyday that are in our price range, but we are pretty sure we are going to at least wait until January until we start look seriously at homes. This way, we will have more time to save our down payment. I am getting really excited to look at homes, becuase I really want to get a pet....we can't have pets in our apartment now :(. I really want a little puppy!!
-Mom is coming up to visit me on Friday, and we have 2 appointments to talk with photographers that day. I am very excited!
-I finally finished my quilt...well mom gets credit for finishing it...the binding and I didn't really see eye to eye. Here are some pictures of the finished product:
Wednesday, August 13, 2008
Tuesday, July 22, 2008
For me, this summer I have been working more and more on the American Dream homebuyer program in our office. So, essentially, I am helping first time homebuyers with federal assistance. Well ever since I started this, I have really learned a lot about what it takes to buy a home. I have also seen A LOT of people who are in worse situations than Josh and I and are already buying homes! It got me to thinking that we could probably do this!!!
Well after our class and individual meeting, I am sure that we can do it! Combined we have about $6,000 saved right now, but we are trying to save much more than that to buy down the principal amount of the loan, thus creating smaller monthly payments. In fact, it would be great to have a 20% down payment (although that could be stretching it a bit) so that we don't have to pay mortgage insurance premium. We actually did some budgetting and took a look at our cash flow. Right now, we take in roughly $4,050 a month together, and our monthly expenses are about $2,000. We have been saving quite a bit (at least 20% of each paycheck), but we could save even more (especially after summer when we are travelling home less often). If we save 20% of each check, by next year we will have $10,000 additional saved, but sometimes we save more than that! Both of us also have good credit scores (Josh has a 701 and I have a 692), so thinks are looking great for us!
We are looking at homes between $60,000 and $110,000 (which is actually in the lower end in GRand Forks), and Josh definately wants to look in the country, but we can't be too picky. However, we have time on our side!! We also need to put some of that aside for a wedding!! Ideally, Josh and I want to be ready with a great down payment by the time that I graduate.