Tuesday, September 9, 2008

Changes...

Obviously the whole buying a house changes everything for us.
First of all we have 4 x $5000 deposits for the builder. We have almost $14,000 set aside the rest will have to come out of our pockets. Our closing costs will be around $4000- but we don't have to pay those until next year. Other than that our focus will be paying down every penny possible. We have adjusted our budget so we only have the essentials- no more luxuries (not that there was much).
When we do get our mortgage our remaining $25-30K will be rolled into a loan- so the debt we currently have will be paid off in 5 years. Hopefully we can be wise and not add to that too much. We were disappointed that the new house does not come with appliances. :o( We will have to finance that.
Besides that, in 5 years we will be much better financially at least with our current debt- also, my car will be paid off 2years and 4 months after we move in, which is huge financially.
We also plan to do whatever possible to get out of our lease- which will free up lots of money for extra housing costs for us.
So no trying for babies until my car is paid off (and the wedding). lol

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