Alright, so what do I say? Well, I'm disappointed, bummed, confused, let down, deceived...umm...I think that covers it.
What am I talking about? The house. Yes, "the house". About 5 months ago, Mike said if I made a couple thousand a month, then we could look more into that house. Well, I will be making over $1000, with 40 hours a week, plus saving $1000 from not having the expense of childcare. That would make over $2000/month, which is a "couple thousand" in my book. Which would mean we could start considering it, right? Wrong.
The criteria changed. It changed a couple months ago add on lower interest rates. At the time it was about 6.2-6.7% (depending on 15 & 30 year fixed), and he seemed to be ok with a 30-year loan, if it were a lower APR. Alright, so...yesterday I looked, and mortgage rates are 5.7% for a 30-year loan! That's a pretty good rate, especially considering the rates just months prior. So...that to me would mean conditions are right, right? Wrong...another condition.
Now, it HAS to be a 15-year loan, which yes, makes sense, because you pay off your house sooner and save tons of money, however, the payment would be about $500/month more. Well...this is all pending the price we would buy that house at. If we paid exactly what they're asking, it would be a steep payment. If we countered them, and they had that certain number of $385k...payments would be much more managable.
We saw a sermon over the weekend that talked about God not wanting us to be in debt. Well that may be true, but not very many people can afford to pay cash out of pocket for their home in their 20's and 30's. He wants to know what the urgency is with me wanting to move. The only way I can explain it is that I really think that house would be perfect for us...and who knows when someone's going to buy it. I know if it's for us, it will happen, but if you don't listen to God, you miss opportunities. So he says I'm trying to set our family up for financial disaster, failure, catastrophe. Please tell me what you think. By the way, our gas for vehicles would cost less, even though Mike would drive further in the car, I would drive less in the van, and we would pay off one of my student loans. We could pay off both with the sale of this house, but one is at 1.49%, and 1/3 of the payment of the other, so we're ok with that.
I'm bummed by the constant revision of criteria to meet. It's not fair. Yeah, I know, life's not fair. But imagine you're running a marathon and you're on the marked course and you can see the finish line when all of a sudden, they take it down and move it 10 blocks further. Ok, you get your motivation going again to make it to that finish line. You can do it! It happens...you finally make it you're so close...keep running you're going to finish! And they move it again. How disappointing is that?
Where do I go from here? All I can do is look up. Lord, if this is Your will, you will make a way. Help me to see your way. Thank you God for all you've given us. In Jesus' name, Amen. I am so thankful for my job, and so thankful that the APR's have dropped, and that we got extra money with our early dividends.
1 comment:
We too have been counseled by our Latter-day Saint church leaders to get out and stay out of debt. However, they do say that going into debt for a modest home or education may be necessary. So, if you think that the home is a necessary, modest debt, then it's certainly a matter of prayer...and talking it over with Mike. It's so frustrating to have to make such a big decision, but I know that prayers will be answered in the Lord's time. Just keep doing your part and He will make up for the rest. I don't know how anyone could make a decision without turning to the Lord for direction! You're doing a good job :)
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