At 11:30 this morning, it became official. My fiance and I closed on our first home. At 24, we both feel very fortunate to have found such a nice home, and been able to purchase it considering these economic times. We got a REALLY great interest rate, were able to put 20% down to avoid PMI, and we're doing a 20yr fixed to build equity faster. There were plenty of times I wanted to buy a new bow, or a new gun, etc, but I kept telling myself I needed to save for the bigger picture at this time in my life, and I really didn't appreciate that until I finally signed all of the papers today, and was handed the keys. I will have pictures of the place when the weather gets nicer (pictures in the drab of winter aren't the nicest), but it's on a little over 2 acres, has a two story partially finished barn with a poured floor (barn was built about 7 yrs ago), a very nice workshop, and that's all that matters to me:d Actually, the kitchen is VERY nice as well, so my fiance is quite happy. I'm going to be busy this summer, as there's plenty of things we want to remodel. We're going to start with the den where I'm going to knock out two walls to widen the room, and take it from two separate rooms, down to one master den. Then it's on to the master bath Anyways, thought I would share the news, as this is a pretty big milestone for me.
now the work begins an never ends.. always something to do.. i bought my first house 2 years ago at age 21.. a bit overwhelming at first.. but what dont get done today will be there tommrow! congrats. on your new homestead..
A big congratulation's to you!!! The one thing that I never realized until I was able to buy a house 9 years ago was how much money It takes to maintain and keep your house up. Way to go again, I can feel the vibes In your words!!
Congrats Matt. Enjoy this step in your journey called life. I know I really have since we moved from an humble apartment to a "blessed beyond belief" home. I still don't think I should be here today. Some days I still miss the old apartment, it is where I started my family. It is hard to replace those feelings. Just enjoy this! :D Way to go man!
Congrats to the both of you! You should feel very fortunate to be able to do this at any time but especially now. Good luck to you both!!!
Amen to that. Same goes when building one. I broke ground on this log home in 2001 and I'm still tinkering. Thing is, I hope I'm never done as I enjoy doing things for the house. Congratulations MGH. Enjoy the YOUR house and home.
Congrats buddy, I know the feeling exactly! Mowing YOUR lawn is much more fun than mowing someone elses. :d
congrats. that is one of the best things you could have done, and definitely will pay off in the long run. Especially now, with the rates the way they are. Good luck and many blessings to you & your fiance in your new home.
Congrats, nothing like knowing it is YOURS. A little side note= Check if your lender allow you to make split payments on the mortgage. We do 30 year mortgages to keep monthly costs down but if you pay half your mortgage every two weeks it will knock down 7-8 years on a 30 year loan. Not all lenders allow it but we typically make an extra payment yearly and also split the payments which will be like paying it off in 20 years. This allows us to get by on months that money is lean while throwing a little extra while things are good. If you can do this on your 20 year you might be able to knock your loan out in 15 years and will save thousands in interest.
Thanks a lot guys. I know the work is just beginning, but frankly, like Rob said, I'm looking forward to it. I've grown up doing construction jobs with my Dad, and it's always a good time when working on your own place. The downside of all this, is that the previous owner had it rented out in the meantime until he sold it, and the renter's will have until April 15th to move out, so we can't move in yet. We can, and will be going over to start some exterior work (take a few trees down, do some things with the barn, etc). Raceway, I was looking into bi-weekly payments, and the bank that offered us the 4.75% wouldn't do bi-weekly payments. I figure if I have to, we will just add 1/12 on to our principle each month.
