So the bank has sent me an estimate of the final closing costs, my mortgage broker also sent me one, they're about 10% off from one another. They are just estimations, but it's still interesting to see how they differ. The rate I seem to be locked in at is 4.325. I see on some web sites that they are advertising as low as 2.5, but there are always special conditions that are involved with those rates. Usually things like you can only get into a house with a special city census zoning, along with you need to be in a low income bracket like under 75k for the household. and the property has to cost less than 225k or something specific like that. Otherwise you'll be paying a more regular rate like I am. Otherwise you're special...
I've managed to get all of the funds I need in a liquid form, i.e. in my checking account so I can wire the money to the bank before the deadline. My meeting with the bank agent is in the morning on Friday, so I'll have to get to a bank and fill out my wire form by 3pm which I think was the cut off for the same day transfer. I've also scheduled a full service mover to pick up my stuff and move it into the new place.
I get my keys on the 7th and the movers come on the 8th at 9am, so I'll be moving some of my electronics and fragile things myself on the evening of the 7th. I'll leave the big stuff and the boxes for the movers. Tonight I'm going to go over to the container store to get some boxes and other things to prep for the move.
Also, since i'm ending my lease at the apartment complex early, i'll have to pay an extra month of rent. Ouch. All of these costs are starting to add up, but I'm still feeling good about the money going into the house though. With Facebook, Zynga, Twitter, Sales Force, and others in the area getting money, and IPOs are on the way, there's going to be a lot more millionaires in the area, and I'm hoping to get into real estate before they decide to go on house shopping sprees and make it impossible for me to afford something nice.
No comments:
Post a Comment