The mortgage dilemma appears to be over.
Today, I discovered that my (still admittedly hypothetical) new house is eligible for the Healthy Neighborhoods grant and loan. This is a 3.67% rate, and doesn't require mortgage insurance. The downpayment is very reasonable 3%. It's a result of a lot of grants from the city, that they're able to offer something so low because they're trying to make neighborhoods better. My new block is not a Healthy Neighborhoods block, but the house - because it was rehabbed by this cool organization called St. Ambrose - is eligible.
Long story short? I'm meeting with the guy on Wednesday. The offer is being readied as we speak.
Rowdies at Dawn
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I made the mistake of renting a place smack dab in the one section of
Prague frequented by 20something beer-chugging loudmouth apes. These two
clips were t...
57 minutes ago
6 comments:
That would be awesome!!
Very cool, congrats!
Yay!!!! Can your readers donate $10.00 each to help you on your way? How do we do that?
Oh - I so hope this works out for you!! I had no idea all these creative home mortgage options were available. You did a terrific job educating yourself and doing some real digging. You deserve every bit of credit should this work out for you, and I'm confident it will. Congratulations.
PS When's the Housewarming??
Thanks, everyone. I'm pretty excited.
Anon: Thanks so much! I'll have to think about that... not sure how to do it...
Broadsheet: Not sure yet, but you'll be invited!
that is awesome you are buying a house where near where you work and investing in our city - you continue to rock
-carl
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