Mon, Oct 11, 2004

: House Buying Adventure

Wasn’t expecting any house news today as it’s a holiday, but lo and behold I get a call that the bank selling the house has accepted! So now we can begin the buying process for real. I spent some time last weekend reading about mortgages online, so at least now I’ve got so I understand the basic concepts, advantages and disadvantages of different types of loans. Going with an adjustable is a bit of a risk considering the low interest rates now, but the monthly payments are so it seems like the way to go. I was on the phone for over an hour with my mortgage rep going over options and giving her more information. Tomorrow we should be ready to file once I get the contract from Oregon.

Topic: [/house purchase]

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