As mentioned in Baby Steps on the Way to My Mortgage, I had a meeting at the bank today to discuss the likelihood of getting a mortgage to buy my childhood home when the time came.
For some illogical reason I had this fear that they would laugh hysterically at me for having the audacity to even ask! The words "when hell freezes over" crossed my mind and I was afraid I would hear those words today from the loans officer.
Neither one of those things happened, obviously. In fact, I left the bank with a smile on my face, and a plan of action.
An old bank account which I have ignored/forgotten about and didn't even mention in Liabilities, is overdrawn by $400 because they kept charging overdraft fees on an inactive account. That is apparently the item on my credit report that is most concerning to the bank. Once that is paid off, she was relatively confident that other more minor issues could be ignored and I would be eligible for a mortgage.
An old bank account which I have ignored/forgotten about and didn't even mention in Liabilities, is overdrawn by $400 because they kept charging overdraft fees on an inactive account. That is apparently the item on my credit report that is most concerning to the bank. Once that is paid off, she was relatively confident that other more minor issues could be ignored and I would be eligible for a mortgage.
To say I was pleased to hear that would be an understatement; I had a smile from ear to ear when I left her office.
For years I've shied away from the prospect of owning my own home, always thinking that I would not be putting down permanent roots anytime soon. It wasn't the financial aspect that scared me away, it was simply the prospect of permanency.
Raising my grandson, the young redhead you see in many of my photos, has changed my feelings on a lot of things, including home ownership.
Purchasing a home is so much more than just a financial decision. How do you feel about home ownership? Renting?
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