.....and other random stuff......

Wednesday, December 17, 2014

Part Two- the Saving

We found the house Thanksgiving weekend.
We had no money for a down payment.
From that moment on, until we moved the following April, we scrimped and saved and took every minute of overtime we could.

We no longer ate out for any meal. We brown bagged our lunches.
As a matter of fact, each of our families pitched in and invited us to eat several times a week to help out. When we didn’t go to ‘mom’s’ for dinner we ate hogs.
LOTS of hot dogs!

Our only form of entertainment was staying home watching TV on our 13 inch Sony.
Rolling coins we had collected in our large plastic water jug (stolen from work) and going to the house to sit on the steps of the back porch discussing and dreaming about what we were going to do when we moved in!

But it all worked out.
With only a few minor bumps along the way.

We found a young lawyer to represent us.

The closing was postponed, once…… twice….. three times.
No biggie, more time to save.

The drawback of the postponement was the interest rates on mortgages at that time were climbing in leaps and bounds. The last postponement was from a Friday to the following Monday and over that weekend the interest rate went up two points to thirteen percent!

5 comments:

  1. Glad you got there in the end, after all that saving. Big pat on the back for your determination :-)

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  2. when I bought my first house, it ws a couple of weeks before black Mnday when interest rates jumped to 15%

    talk about in at the deep end!!

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  3. Usury! When we bought our first house, our interest rate was 10%

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  4. awwww…I love the way you two worked so hard to make it happen. I can 'see' how happy you were in those days.

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