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The joys of homeownerhsip
Apr. 9th, 2004 06:14 pmI signed a contract last night, so my debt load is about to go up by a few orders of magnitude. (And I just love the insanely high transfer tax.) Settlement is on or before May 15, and I'm renting back the condo until the end of June. Then I repaint the master bedroom, shampoo the carpets, upgrade the countertops, and wai!
Only problem is I should've locked in the interest rate when I got the prequal. 3.875% then (5-IO/25-6moLIBOR ARM), 4.25% now. Payment's a little more than I would have liked, but I'm still paying no more than my current rent when tax benefits are taken into account, and I could have easily spent $10k more for a similar condo.
Pictures will be posted shortly after the seller moves out.
Only problem is I should've locked in the interest rate when I got the prequal. 3.875% then (5-IO/25-6moLIBOR ARM), 4.25% now. Payment's a little more than I would have liked, but I'm still paying no more than my current rent when tax benefits are taken into account, and I could have easily spent $10k more for a similar condo.
Pictures will be posted shortly after the seller moves out.
