It’s like we’re grown-ups or something!

On Monday this week we went to see a mortgage broker to see how much more money we’d need to save in order to buy a house, and to generally get some more info on the whole process.

As it turns out we have enough saved up already, and the minimum payments we’d be making on a $475,000 place (our maximum limit) is less than what we’re paying in rent right now! We ended up applying for pre-approval for a home loan, and today we found out that it’s been granted (despite us not expecting it until next week some time)!

Holy shit we’re actually going to buy our own house! Even better, the mortgage broker showed us that if we put $1500 a fortnight extra payments on the home loan, we’d have it paid off in under nine years. Woah.

We’re looking at places in Quakers Hill, Marayong, and Kings Park. We’ve already been out to check out the area, and it’s quite nice… suburban, quiet, and on the train line. It’s 47 minutes to Central for kungfupolarbear and would be about 55 minutes to Wynyard for me, which is quite acceptable. We’ve got an appointment scheduled this Saturday to go look at a place. We’re certainly not going to be rushing into anything given our current disaster of a place. We definitely wish we’d known that we could have afforded a place this soon… if we had, we’d have just stayed in Turramurra and wouldn’t have spent a bunch of money on moving, and then another bunch when we eventually break the lease here. :\ On the slightly bright side, the lease for this place has a “lease break fee”, which basically boils down to us giving them a bunch of money but being able to end the lease whenever the hell we want.

So yeah. An actual place that we own. Exciting! 😀

The current place is still loud and obnoxious and everyone here needs to die in a fire. Poor kungfupolarbear has been at her wit’s end pretty much the whole time. But with any luck it’ll soon be over.

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