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Archive for November, 2023

Docs are Signed and Funds Have Been Wired

November 29th, 2023 at 08:59 pm

Yesterday I signed docs, visited a notary to stamp the Deed of Trust, and sent the docs to the title company via UPS.  This morning I made a trip to the bank and wired the funds.  We will close by the end of the week. 

I ended up borrowing 25k, putting down 50k plus closing costs.  My monthly payments on the mortgage are $225.00 for two years and then the balance is due.  I will owe just under 23k at that time.

Very soon now we will be hitting the road for Illinois. Smile

Moving Forward with Home Purchase

November 1st, 2023 at 04:44 pm

Well, I am moving forward with the purchase of this latest home.  The inspection report did turn up some things, but that is to be expected.  The list was not overly long and there are only two items which need to be addressed immediately.  Most of the items which need repair I was already aware of, as they are obvious.  (Some damage to the siding next to the patio, some trim around a window, etc.)  And the house could certainly use some cosmetic improvements.  But it is a solid little house, which is exactly what I need.

While I have only seen the house via a video call, my daughter, son-in-law, and son toured it in person.  My daughter in particular has a good eye for issues, having worked for a time in construction.  Plus, they know what I like.  They were unanimous in their opinion that it was the best house they had toured with the realtor.

I will be putting down approximately 45k and taking a mortgage for approximately 35k.  The monthly mortgage payments (principal and interest only) will be approximately $314, with the mortgage due in 2 years.  I will have the option to extend for an additional 2 years, for a fee.  

Here's the listing:  8 Wedgewood Ct, Murphysboro, IL 62966 |®