It has been a while since an update on the property search so here is the most recent info.
We found 13 acres we liked and so we made an offer. They countered and we were ready to accept and then we approached the bank. What we discovered was we have excellent credit but although we had on top of that 30% to put down on the property the loan was going to cost us more than we wanted to put out right now. Then the bank asked what type of house we were going to build and when we shared our dream they told us they could not make a loan on an unconventional structure.
It seems that people who bought more than they could handle has caused those of us who pay our bills on time and who purchase things only within the limits of our budget to be limited in what we can actually purchase.
What Kat and I have decided to do is get our house ready for showing and sell it first and then beat the bank at it's game by purchasing 5-10 acres with a house. We are finding we can actually purchase almost as much property as we wanted with a house on it for the amount that we were going to pay for just the land. We actually might come out with the same or even lower monthly payments.
I think the lesson here is just because things don't go as planned at first that doesn't necessarily mean the game is over. Remember God always has something better in plan.
I know that the following song by John Prine has nothing to do with what I just wrote but within the song is a message about what we all are actually searching for.
We found 13 acres we liked and so we made an offer. They countered and we were ready to accept and then we approached the bank. What we discovered was we have excellent credit but although we had on top of that 30% to put down on the property the loan was going to cost us more than we wanted to put out right now. Then the bank asked what type of house we were going to build and when we shared our dream they told us they could not make a loan on an unconventional structure.
It seems that people who bought more than they could handle has caused those of us who pay our bills on time and who purchase things only within the limits of our budget to be limited in what we can actually purchase.
What Kat and I have decided to do is get our house ready for showing and sell it first and then beat the bank at it's game by purchasing 5-10 acres with a house. We are finding we can actually purchase almost as much property as we wanted with a house on it for the amount that we were going to pay for just the land. We actually might come out with the same or even lower monthly payments.
I think the lesson here is just because things don't go as planned at first that doesn't necessarily mean the game is over. Remember God always has something better in plan.
I know that the following song by John Prine has nothing to do with what I just wrote but within the song is a message about what we all are actually searching for.
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