January 28, 2004
Closing Time
Hello Mortgage!
Yesterday, I closed on my apartment. Closing is always a pain. Both sides have to sign countless sheets of papers, leaving your hand in no condition to do anything when you are finished. If you're buying, you get to fork over tons of money as a bonus. Overall, my contract to closing date was a fast process, but if you're buying an apartment, it seems like a process that will never end.
My reward? Besides owning a piece of property (unlike my last apartment, which was a co-op), I get this nice mortgage. Nothing like a six digit loan to brighten your day. I now get the renovation process to look forward to. This also seem like a process that will never end.
Previously on the apartment:
- revisiting counter options and tile options
- mortgage approval
- kitchen cabinet design
- contract and mortgage
- appliance shopping
- floor and counter ideas
- the apartment
- the floorplan
Posted by tien mao in House and Home at 7:22 AM
yes, it's always a comforting feeling to know that i could very well be paying off the mortgage on my studio apartment until i'm nearly 60.
Posted by: el at January 28, 2004 11:10 AM
i will be paying my mortgage until i'm 40. that's if i don't refinance. yikes!
Posted by: tien at January 28, 2004 12:25 PM
Say man, I'll buy that apartment off of you for... oh... how does $4000 sound? You like that kind of money? We can talk.
Posted by: Maine at January 28, 2004 12:41 PM
hey tien...word of advice. download the new movable type and follow the instructions on how to spam-proof (more like resist) your comments. i got comment-spammed about 400 times. you havent yet, but it might just be a matter of time. fyi.
Posted by: veritech pilot at January 28, 2004 8:22 PM
congrats on your new pad..
just out of curiousity, is your apartment leasehold? i.e. basically you get a mortgage to pay for the right to live in an apartment for say 99 years.. here in the UK we have freehold or leasehold properties.. freehold is like a house where you own the building and the land its on, leasehold is for flats (or apartment to you guys)..
just wondering...
Posted by: ian at January 29, 2004 7:30 AM
Congratulations, Mr. Homeowner! 40 will arrive sooner than you think.
Posted by: joe s at January 29, 2004 9:34 AM
ian, i don't beleive that my apartment is leasehold. i know there are some buildings in the city like that, but i don't believe mine is one of them. at least i hope not.
thanks joe. 30 is coming up, i guess. but this is my 2nd post college mortgage! that's just crazy.
Posted by: tien at January 29, 2004 11:16 AM
Tien, you're fortunate to be able to get a mortgage, buy a property ... despite all the hassle, it's obviously better than renting. I wish I could afford such an endeavor.
Posted by: Steve at February 3, 2004 2:34 PM
steve, i'll totally agree with you there. buying, while a hassle has it's advantages. i only hope that renovations don't drive me insane.
Posted by: tien at February 3, 2004 2:50 PM
i've had 6 mortgages since college, including 3 at once last year. do i win some kind of award?
Posted by: dan at February 3, 2004 4:30 PM
Post a comment
dan: i've had 6 mortgages since college, including 3 at once last year. do i win som... {read on}
tien: steve, i'll totally agree with you there. buying, while a hassle has it's advan... {read on}
Steve: Tien, you're fortunate to be able to get a mortgage, buy a property ... despite ... {read on}
tien: ian, i don't beleive that my apartment is leasehold. i know there are some buil... {read on}
joe s: Congratulations, Mr. Homeowner! 40 will arrive sooner than you think.... {read on}
ian: congrats on your new pad.. just out of curiousity, is your apartment leasehold... {read on}
veritech pilot: hey tien...word of advice. download the new movable type and follow the instruc... {read on}
Maine: Say man, I'll buy that apartment off of you for... oh... how does $4000 sound? ... {read on}
tien: i will be paying my mortgage until i'm 40. that's if i don't refinance. yikes!... {read on}
el: yes, it's always a comforting feeling to know that i could very well be paying o... {read on}