The waiting game
Jul. 7th, 2009 02:29 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
morslaI seem to spend a lot of time rushing about, doing the little things while waiting on Bigger Things to eventuate. Lately, a whole lot of little things have needed doing: sorting out identity documents, bank paperwork, dozens of application forms, credit history checks, and signing contracts.
If all goes well,![[livejournal.com profile]](https://www.dreamwidth.org/img/external/lj-userinfo.gif)
aeliel and I have hopefully bought a house :)
Actually, it's a ground-floor apartment and not a standalone house. It has lots of room to fill with books, and space for my painting andaeliel's sewing (three bedrooms and a study), and it's close enough to ride to work. It's on Gatehouse Drive in Kensington, right next to the racecourse. I want to move in yesterday.
Now we just need to get our loan approved, which is proving trickier than expected. My income is a government CRC scholarship, untaxed and guaranteed until 2012. Unfortunately, virtually no bank will recognise it as a valid income stream: it'd be easier if I were earning less money from a job with a three-month contract, as it would be listed as "regular income."
We've now been given preapproval, and have to wait an unspecified amount of time while the application is processed. Hopefully that will happen soon, so we can sign off on it and breathe a sigh of relief - it's been a hectic fortnight since the property inspection, and a hell of a thing to coordinate while travelling interstate.
After that, it will still be at least 90 days before we can move in as the place has tenants at the moment. Still, at least that means they can make the first mortgage payments for us...
If all goes well,
aeliel and I have hopefully bought a house :)Actually, it's a ground-floor apartment and not a standalone house. It has lots of room to fill with books, and space for my painting and
aeliel's sewing (three bedrooms and a study), and it's close enough to ride to work. It's on Gatehouse Drive in Kensington, right next to the racecourse. I want to move in yesterday.Now we just need to get our loan approved, which is proving trickier than expected. My income is a government CRC scholarship, untaxed and guaranteed until 2012. Unfortunately, virtually no bank will recognise it as a valid income stream: it'd be easier if I were earning less money from a job with a three-month contract, as it would be listed as "regular income."
We've now been given preapproval, and have to wait an unspecified amount of time while the application is processed. Hopefully that will happen soon, so we can sign off on it and breathe a sigh of relief - it's been a hectic fortnight since the property inspection, and a hell of a thing to coordinate while travelling interstate.
After that, it will still be at least 90 days before we can move in as the place has tenants at the moment. Still, at least that means they can make the first mortgage payments for us...
![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
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Date: 2009-07-07 07:08 am (UTC)Yay!
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Date: 2009-07-07 07:18 am (UTC)I really hope the loan gets approved... I'd rather not go through the last fortnight again if possible...
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Date: 2009-07-07 07:45 am (UTC)no subject
Date: 2009-07-07 07:54 am (UTC)How is the ballgown going?
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Date: 2009-07-07 08:05 am (UTC)so, i was VERY unorganised when I went thru the loan process, I was chasing documents from YEARS ago, and the bank also had a very hard time with my phd-scholarship as earnings!! I had to get my work to write a letter saying I wouldnt be fired anytime soon, etc etc. And I was going in with a 15% deposit, not too shabby really.
i found ING had a good loan for me, and thats who I went with, I am sure u will get the right one :) Least u arent on teh streets/looking to move out of a rental already :D
fingers crossed for ya! xx
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Date: 2009-07-07 08:06 am (UTC)no subject
Date: 2009-07-07 08:15 am (UTC)no subject
Date: 2009-07-07 10:49 am (UTC)Good luck with the loan stuff, I'll second ING's offer. Sarah and I had pre approval with them before we left Aus, the seemed the best mob to use.
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Date: 2009-07-07 11:41 am (UTC)*fingers and toes crossed for you!*
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Date: 2009-07-07 11:04 pm (UTC)hope that everything comes through and quickly
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Date: 2009-07-07 11:53 pm (UTC)no subject
Date: 2009-07-08 12:08 am (UTC)no subject
Date: 2009-07-08 12:34 am (UTC)