Home > Archive: April, 2017

Archive for April, 2017

loan officers

April 15th, 2017 at 10:59 pm

I've decided that I need to accomplish something this year - buying a house, buying a car, going back to school for a Master's degree, or some combination of the three. Since I have no debt and any new debt would ding my credit score, I'm researching the house option first.

I talked with a loan officer yesterday and learned that my credit score is fantastic (yay!) and I could be approved for way more than I'd want. Unfortunately, since I don't have a 20% down payment (and when would I ever??), with the loan option he presented, keeping a monthly loan payment at or near my current rent payment would be difficult. There are houses in my price range...just not at all where I'd feel safe living, or they would require a LOT of work (read: money). I don't mind work but I don't want to rebuild walls or gut moldy bathrooms. Also, with that loan, I'd have to stay in the house for 9 years with a low household income or pay back a 6.25% recapture tax based on the original mortgage. If my household income increased (say, I got married within those 9 years), and I needed to sell the house, I'd have to pay the recapture tax plus $8000 in down payment assistance. Ouch.

I reached out to three more mortgage loan providers today for prequalifications. Hopefully they can come up with better options.

If not, I'll try to shelve the idea and move on. That's really hard to think about. I'm pining for a house with a garden and no shared walls. Reliable at-home cell phone service and closer access to single-people activities would be nice, too.

In other news, I'm 90% sure my closest friend is going to pack up her family and move across the country. Once she gets an idea in her head, it's game on. I'm devastated but trying to accept it. I briefly considered moving as well (in the opposite direction, to the west coast, where I've always wanted to be), but I feel I need to stay within reasonable driving distance of my parents. Maybe someday.

verizon etc

April 4th, 2017 at 08:13 pm

I'm trying to switch from Verizon postpaid to prepaid service. I was on the phone with them for an hour. They transferred me to five different people, hung up on me once, charged my credit card, and now my phone doesn't work. I'm waiting for a call back (to a landline) that may or may not occur within the next 90 minutes. Not cool. If they can actually accomplish this, I should save $17 a month. UPDATE: They never called me. I called back and finally connected to a human only through blind luck. I'll now have to fight the first credit card charge because they "lost" it, but it was that or be without a phone for 10 days. Zero apologies from them. I'll save $204 a year but my hair is exponentially grayer.

I finished my third antibiotic last weekend but I'm still sick. I'm not sure if this is the same infection or if I've caught something else. I really don't want to take another round of antibiotics.

I took a free online home buying class today and - wow. I'm saving as much as I can right now but even that doesn't seem like enough, even if I did it consistently for the next 10 years. A friend recommended I talk to a loan officer; I might do that anyway.

Last weekend I spent some time making pros and cons lists for several different aspects of my life - moving, job, higher education. Getting a car loan or a student loan at this point would greatly reduce my home loan possibilities. An advanced degree would probably help me eventually obtain a higher salary, if only I could decide what I want to do.

I watched a Ted Talk on "multipotentialites" - people with lots of different interests and career possibilities who end up job hopping instead of picking "one true calling". It made me feel a little better about my scattered resume. I still wish I could find a calling, though...