i talked to my boss today about BF and I discussing (and agreeing) to talk to some banks/mortgage brokers/lenders about loans and property etc. my boss said he would talk to his wife if I wanted (his wife is a manager of a bank). I said yes, figuring (as she is pregnant) that it might take her a while to get some stuff together. Anyway, about an hour later she called me at work to ask some financial questions and said she would get back to me in a few days to tell me an idea of whether she thinks we can get a loan and what interest rate we will be offered.
HOW EXCITING!
It's not that we are actually going to DO anything just yet, but I am really interested to see how our finances stack up.
She also advised me (of which i was aware of anyway) to save as much as we could and for the time being make minimum payments or a bit more on my loan, as it would be better to have money saved and still have a small loan than have no money saved.
anyway. like i said, it's not that we are buying anything for a long time, but i guess you have to make the first step. i am just glad i have friends and people i can count on in areas like this so that i never have to do anything without being looked after. 
it takes a lot off my mind.
i'm excited!
July 24th, 2008 at 07:58 am
July 24th, 2008 at 08:30 pm 1216931445
He wanted me to put down 20% to avoid PMI. I wanted to put down 45%.
Just be leery. Also, I would strongly advise to get out of debt first, have an emergency fund, and save 20% for a down payment. I am unfimiliar mortgage products in Austrilia. I think you may have house fever, but you want this to be a blessing and not a curse.
Good luck.
July 25th, 2008 at 12:28 am 1216945698
July 25th, 2008 at 11:50 pm 1217029841
and i dont think we have house fever. we haven't even begun to look at anything we would buy, we are just researching what we can get at the moment, and we wouldn't be looking at getting anything for half a year.