Starting to wonder if life will EVER slow down!?
The Boston trip went great! We had such a fun time! We went to 2 baseball games at Fenway. Red Sox vs Braves, which are my 2 favorite teams, so fun for me no matter who wins. The Braves won the 1st game, and the Red Sox won the 2nd, PERFECT! We also went to Foxwoods (biggest casino in the world at 8.4 MILLION square ft!) and Mohegan Sun, took a Duck Boat Tour, Old North Church, site of Boston Tea Party, sooooooo much to see and do we didn't even get to see close to everything we wanted, but you do need to relax a little on vaca too. But a fabulous time for sure!
The day before we left on vacation we had gone to a showing of a home we were interested in. We looked at the house, and then drove to my home town to go to the airport, so not a lot of time to review anything. We both really liked the house....but it was priced a lot higher then we were comfortable with ($310,000), so we wanted to see if we would be approved (we already ran the numbers ourselves and knew we could afford it) and then offer a much lower offer ($260,000). I called my bank lady who I love, but unfortunatley she wasn't able to approve us. There were 2 main reasons for this:
#1 Because we are keeping our two current homes and renting them out, and she was not able to give us any income credit for renting them without having TWO YEARS of income taxes showing the rental income. How are we supposed to get rental history while we are living in the homes?? LOL
#2 DFs non mortgage debt is too high, specifically his HELOC ($30,000).
This was disappointing as I really loved working with her in the past....but we called DF's bank instead....and they approved us!
Sooooooo we made an offer of $260K as we knew the sellers were needing to get out quickly (both the home owner and the realtor had told us that), they countered with $280K. We countered with $270K and they came back with $275K. We talked it over and decided we would agree to the $275K as we really think the house is worth it. About 20 mins after I sent the email that we would agree to the $275K, I got an email that said the seller agreed to the $270K?!?! HUH? So I checked my sent items and the email I sent agreeing to the $275K had gotten stuck in my Outbox, so they never got it and they thought I was playing hardball and they agreed to the lower price! We saved $5K because of me not being good at emailing on smart phones! LOL SWEET! We are now just waiting on paper work to get a closing date. We will have to have all 3 houses appraised ($$$$) so will probably be about 1-2 months before closing date....which would be almost exactly our wedding date.....Oh vei!!
And the 3rd and last major item to come up in the last week.....DF's Debt....it's not good. I knew he had some CC debt, the HELOC, his mortgage, and a loan through his employer. I was under the impression that the CC debt and store loan were around/under $5K. I had asked him numerous time for exact numbers, but he was always adament that he wanted to work on the debt on his own until we combined finances, which we weren't planning on doing until after the wedding, but since the house thing came up we are doing it now. I also knew that he had purchased my ring, which added about $10K (OUCHIE)worth of debt. Of course anyone that reads my blog on a regular basis knows that I am allergic to debt....so YUCK. But now I find out he was not being truthful with the exact amounts of the debts, this is partially my fault that I went with his "implying" of the totals, but mostly he was dishonest as he tells me now he knows how important finances are to me and he was very embarassed of the position he put himself in. The debt is about $20K more then I thought. EWWWWW. I will post the numbers and our plan to tackle it in a separate post. We had a pretty big blow up about it when he finally gave me the details, I was PISSED. But I do truely believe he is sorry for not coming clean about the specifics right away, he was embarrased and wanted to fix it on his own, and I know from reading tons of debt blogs in my life that people can be very ashamed of their debt issues, so I guess I understand why he didn't want to tell me. He says he now feels a huge sense of relief and that for the last few weeks he has been feeling very down about feeling like he was hiding this from me, so now feels much better, and he is commited to working as a team to get us to a better position.
It's only been less then a week and I have seen some BIG changes in him already (not buying snacks at the gas station, stopped driving his truck to work and is driving his car, went to the casino to eat (comped meal) and didn't gamble AT ALL (this is HUGE for either of us), neither of us will be gambling at all for a long time and if we do gamble again we will have it be a treat, not a regular occurance and there will be limits in place before we go, and also there will be no more credit card use at all for him. We also had a major heart2heart about being completely honest about everything as it only makes things worse to hide issues and I explained to him that the thing I was most mad about was not the amount of the debt, but the fact that he didn't tell me. So now we are fully on the same page and ready to go forward as a TEAM.
So there is where I am at in life today! Oh and did I mention I am getting married in only 2 months! OVERWHELMED MUCH?!? LOL I will be making a new entry shortly with our plan of action!
WOW Where to start!?!? Boston Trip/DFs Debt/Buying a new House
Starting to wonder if life will EVER slow down!?