- Joined
- Mar 26, 2018
- Messages
- 8,410
We should probably wait until this crazy market stabilizes.
Going into retirement I wasn't sure we would qualify for a home loan?
Our realtor set us up with her money guy. He asked some questions about our expenses, assets, income moving forward etc.
He said you decide what kind of mortgage you want to carry and they set up a primary and a secondary loan.
The primary is a number we would carry for a while, the second we would pay off when our current house sells.
He said not to worry, he could fund what ever we choose.
This way we can take our time moving if we find a property that suits our needs.
We just keep going back and forth over what we want.
We both agreed, we want our Paradise home back. But, that is not possible.
Living in a more rural setting with acre and up parcels for 34 years tends to set certain expectations.
Having deer on the property and being in a more natural setting is very appealing.
Unfortunately we'll have to stay down in the valley. The foothills of California have very high fire insurance rates. In excess of $5,000 a year for insurance that is not adequate. That and PG&E shuts the power off if the wind blows.
The plan is to share our expectations of what we are looking for and give her a budget.
After that we sit back and wait for her to send us some properties for sale.
We'll see.
Oh and at 11:00, I get my Covid booster.
Going into retirement I wasn't sure we would qualify for a home loan?
Our realtor set us up with her money guy. He asked some questions about our expenses, assets, income moving forward etc.
He said you decide what kind of mortgage you want to carry and they set up a primary and a secondary loan.
The primary is a number we would carry for a while, the second we would pay off when our current house sells.
He said not to worry, he could fund what ever we choose.
This way we can take our time moving if we find a property that suits our needs.
We just keep going back and forth over what we want.
We both agreed, we want our Paradise home back. But, that is not possible.
Living in a more rural setting with acre and up parcels for 34 years tends to set certain expectations.
Having deer on the property and being in a more natural setting is very appealing.
Unfortunately we'll have to stay down in the valley. The foothills of California have very high fire insurance rates. In excess of $5,000 a year for insurance that is not adequate. That and PG&E shuts the power off if the wind blows.
The plan is to share our expectations of what we are looking for and give her a budget.
After that we sit back and wait for her to send us some properties for sale.
We'll see.
Oh and at 11:00, I get my Covid booster.
