whew!
so it looks as if everything will go smoothly, financially.
the loan manager that is looking after us told me 'i'm a very organised young lady and that i should be proud of myself'. 
The amount we are borrowing is $304 000. Approximate interest payments per week will be around $443. (of course, we'll be living on bare minimums for awhile and creating a buffer, putting everything extra onto the mortgage for the first few months) We get a discount for home and contents insurance so i want to look into that.
The nerd in me can't wait to find out about all our bills so i can do our budget. The ones in mind are: gas, electricity, rates, insurance, phone & internet, mobiles, car insurance, car rego, racq, club membership. Anything else? I can't think of any more.
BF has been talking to friends and I keep hearing the word 'budget' in the conversations (!!!). Of course, we knew before we bought the house that our lifestyle would have a major make-over, but I am very impressed with him.
Oh, and he's is 100% on board for an emergency fund! Of course, I have one (which is currently being drained) but only since I have been on this website. I suggested it to him and his eyes lit up and he was like 'YES! YES YES YES!'. He evn mentioned it to his mum. He's agreed to an initial target on one months expenses (seeing as our jobs are stable) and once we have things settled we will focus on three months, with the ultimate target of having 6 months expenses covered, earning interest in a savings account or saving interest in our mortgage with the option of drawing it out. He's actually EXCITED about an emergency fund. I'm excited that he's excited.
Our plans once the keys are handed over are:
-painting the lounge room (white)
-ripping up the floorcoverings
-sanding and sealing the floors (whole house)
-install rolling garage doors
-install extra piping to the drain from the roof (the outpour is down a slope and we are a little concerned of the longterm problem of erosion)
other than that we are happy to move in and live as is for quite a while. We are looking at:
- the cost of the paint
- the cost of the floor sealant/stain
- the cost of the piping
and that's it. I can paint. BF is a flooring installer/finisher by trade, and the piping, well, that's just common sense. The garage doors are given to us by BF's dad as he has two spare at his house we can have. They'll install them one afternoon.
Oh I'm so excited!
On another note, I realised that this is the first time BF and I have put 'de facto' on our marital status on an official form (the loan application), other than the census. Usually it's 'single' because of the tax implications.
house update: BF's come a long way!
January 16th, 2009 at 10:00 am
January 16th, 2009 at 02:01 pm 1232114491
January 16th, 2009 at 02:09 pm 1232114944
January 16th, 2009 at 02:11 pm 1232115094
If I may make a suggestion, wait to pay anything extra on your mortgage until after you've been in your place for at least a few months. That way you'll have a good idea of what money is available for paying extra.
January 16th, 2009 at 06:59 pm 1232132385
January 16th, 2009 at 09:50 pm 1232142620
gamecock: the definition of de facto relationship means that we:
live together as a couple; and
are not married; and
are not siblings or a parent or child of each other.
it covers same sex relationships as well, and after a certain amount of time (i think 8 months or two years - both of which we are covered by anyway) are given the same rights as a married couple.
koppur: i wouldn't worry, it has taken me a very long time to get to this stage and i have no doubt you both will get there soon as well!
January 17th, 2009 at 02:25 am 1232159131
January 17th, 2009 at 04:06 am 1232165215