Tuesday, February 24, 2009

The Bank

So Big T went to the bank today. We were told, based on our income, we could get a $65,000 house. However, to get the payments we want, we need to get our credit score to 650 at least. Let's just say, we aren't quite there. Along with getting a house, we would need appliances, money for any repairs, money for the down payment, and money for taxes among other miscellaneous things. We have been living together for 2 years, nearly, and we just moved into our new apartment. We really like our new apartment, and haven't had any problems yet. Therefore, we are going to work on raising our credit score, which is going to include strict adherence to a budget.

However, as far as our honeymoon, we have a possibility of going to Ireland. Big T already has a loan with the bank, and it was supposed to be paid off in August. The banker said he could add the amount of money needed for the trip onto the existing loan and keep our regular payment amount every month. We are still mulling it over, but I think we may be leaning toward yes. It is a once in a life time experience for us and would be a dream come true and a wonderful way to start our new life together. My heritage is in Ireland, and Big T just loves Ireland. Plus, our wedding rings are from there. I have already started my research for the trip to see how much we would be looking at.

I feel more encouraged after my crazy blog earlier, but I am still a little nervous. I want this honeymoon to happen so badly, but I don't want to get my hopes up, either. Thanks, everyone!
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3 comments:

  1. Such is life!February 25, 2009 at 7:27 AM

    wooohooooo!!!! i hope it works out for you!!! i really do...take your time getting a house. it is huge responsibility and a lifetime commitment. you r young, do the things you enjoy, go the places you want to go, live your life to the fullest. and, for the record, if you ever decide not to buy a house, there are millions of people in this world who have chosen the same thing. k, well, you have a great day!!!! happy planning!!!

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  2. AnonymousFebruary 25, 2009 at 11:03 AM

    That loan amoutn is a start! Way to go. So now its just sticking to a budget. I make one out for everyweek BUT for the most part it usually works...just keep your mind set and it will all happen! As for the trip to Ireland...go! I wish D and I would have done something more for our honeymoon. After the marriage and kids start coming....there is never a good time then or now....so go and start your new life on a wonderful trip!!!

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  3. DaydreamerFebruary 25, 2009 at 8:52 PM

    Good luck with the house and the trip. All is very exciting. I am in the process of buying a house in Los Angeles and coincidentally my husband is trying to plan a long trip to Scotland and England in June for us and our daughter. I say chose one or the other. He says we should do both as it is a now or never scenario. I don't believe that. Once you have the house, when the economy is up, you can take a trip. Get a house while the market is down. (I say that not knowing where you live and having my head in a housing bubble that is "down" from $800,000 to about $450,000) You will spend more than you think on the trip and possibly use credit cards to get there and experience the country, thus potentially keeping your credit score below the 650 required to qualify. If you live in an area of the country where housing prices are not an issue and don't really fluctuate much, then go to Ireland and have a blast! And whatever you decide, both are exciting avenues! :-)

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