Wooooooooooo the lawyers have our money. as my favourite saying about lawyers and money goes............
As we all know the weather has been crap in Auckland for the last few weeks....er months and when we first looked at this place its blowing a gale and persisting down. Despite the grey day I knew this was the house as soon as I walked in. The photos on trademe really dont do it justice. It gets heaps of light and is warm. It has wooden floors upstairs and carpet downstairs. the split level thing is really appealing, especially with Z's boys entering the teenage years!
I've been to see it twice, it doesn't need fixing up, but there is room to develop things ;-)
Its a house that fits our personality, we've been to look at some many boring little boxes! So nobody panic, we love it, its cheap, it has threee huge bedrooms and a study.
We go unconditional in seven days depending on building inspection, LIM and a valuation by QV.
Oh and finance. Its so crazy though, we had approval for a loan $40,000 more than this place, but the repayments were ridiculous and it would take forever to start paying off any decent amount of principal! So with this loan we are borrowing $349,000. We are going with fixed interest for the first year, that way the repayment amount is fixed and it gives us time to adjust to mortgage repayments that are about twice what we pay in rent now. Then if we find we can budget well (and interest rates dont get too high) we will move to a revolviong credit mortgage. That way we can pay it off a lot faster.
Oh and our mortgage broker has been FANTASTIC!!!!! She has gone above and beyond, been able to answer more of our questions than our dumb arse lawyer and always makes time to talk us through our newbie questions. She has taken calls from us at all hours and has always been cheerful and helpful and convinced a bank to lend us a ridiculous amount of money.
Raywyn Watson of Mortgage Express 09 4261210
She covers orewa and North Shore areas. Highly recommended!