Wednesday, October 26, 2011
The inner thoughts of a potential first-time homebuyer
Right now it's so hard to think about anything other than buying the house. We've laughed about how ahead of ourselves we are - last night we were talking about paint colors, landscaping, and how our furniture will fit there. We laugh because we still have no idea if we'll even qualify for a loan. Even more ridiculous, two weeks ago we weren't even thinking of buying a house, we saw this one, loved it, and decided to make an offer. Is that normal?
It's hard not to think about all the reasons we may not get loan approval. It's frustrating to add up all our student loan debt and know that it may hold us back this time. Our debt to income ratio isn't exactly spectacular, but we pay our bills on time and are chipping away at our debt. That's all we can do, but it's all I can think about.
I think it's really hard not to be discouraged. We just have so many questions. We want to know what our options are. We'd like to talk to a person about a loan, not just put our information into a computer. We want to set up a meeting with the bank, but they open at 8 a.m. and close at 4 p.m. How do they expect working people to ever meet with anyone at the bank? Ugh. I'll stop ranting now.
Have any of you bought a house? Do you have any advice or home-buying tips for us? Are we crazy?
Photo via online listing of our potential home.