|Telling tales of grandeur.
||[Aug. 9th, 2013|12:01 pm]
man... this year i am terrible at the internet.
odd too considering i have my own place and my own internet that is fast enough to actually update stuff. haha
well, lets see what been happening...
still at my job since january. sometimes i love it, sometimes i dont. most of the time it is good though. i mean, im at work right now and here i am updating LJ. (shhh.. dont tell anyone)
Ive already set in motion getting preapproved for a home. while i do enjoy my apartment, its location and low price for rent, i would like something with more space and if i can pay money into a home rather than paying someone else mortgage for the same or almost the same price as my rent, then why not?
BUT COMING UP WITH THIS STUPID 20% DOWNPAYMENT IS RIDICULOUS.
i really dont understand how i am supposed to come up with upwards of $20k. It would take me a lifetime to save that kind of money... literally! i dont know how people are supposed to do this. ive checked online for ideas, but short of pulling from your 401k, getting a second job or "being gifted money" from a relative, you just have to save. also, what kind of assumption is it that your relatives just have this kind of money lying around for you to get. (who lives in this kind of fantasy world?) i suppose that if i had a two income household i could do this, but otherwise, no way. being in oregon, this seems too difficult. if i were in california, this would be impossible. ive tried to look into getting help from the county and state for downpayment assistance programs but they are all out of funds! even worse!
but besides that, the other issue i seem to be facing is the lack of the loan amount that i can actually have. it appears that i will have to settle for an older home and there isnt much i can do about it short of finding some sort of crazy steal of a deal home. i actually did find one, but i didnt have all of my documents in order... but it did give me hope that a nicer cheaper house does exist, i just gotta find it. this is also unfortunate because i know myself enough to know what kind of payment i can afford to make or not make. right now all the lenders seem to disagree with me on this... but whatever. but the good thing about this is that Tommy just got a job in Albany and would like to live with me, at least until he can find something for himself. or he will be my permanent roommate... haha. but that will good to have extra cash to put towards principal every month.
overall, lenders have suggested that i purchase the home with the intent to sell it later on, or for it to be a rental. the rental sounds like a better idea to me, as i already know i could probably pay off a 30 loan in 15-20 years if everything goes ok. and having that extra income would be nice. also, all of this talk sounds ridiculous now that i type it out.
i mean, in 15 years i will be 55! GROSSSSSSSSSSSSSSSSSSSS
also, next year i will be 30. who knew i would actually survive this long?!