Square One
Actually... I'm not even there yet.
So, I've been around town, discussion mortgages and discovering that, indeed, no lender will give me the money. There are regulations in the market where *they* get the money, basically, that keep them from doing so. In theory, it could be done as a personal/vehicular loan, but the shorter terms and higher interest rates make that a ludicrous idea in this case.
I talked with my dad. He and Susan had discussed the idea of them taking out a loan on their new house and, in turn, lending me the money. But, considering the relatively low insurable value of the place I was looking at, none of us would be comfortable with that.
But fuck, I can't even just start looking again yet. I need to see about getting my earnest money back. Then I can look... of course, there's nothing available and I'm not sure I trust any of these real estate agents at this point...
So, I've been around town, discussion mortgages and discovering that, indeed, no lender will give me the money. There are regulations in the market where *they* get the money, basically, that keep them from doing so. In theory, it could be done as a personal/vehicular loan, but the shorter terms and higher interest rates make that a ludicrous idea in this case.
I talked with my dad. He and Susan had discussed the idea of them taking out a loan on their new house and, in turn, lending me the money. But, considering the relatively low insurable value of the place I was looking at, none of us would be comfortable with that.
But fuck, I can't even just start looking again yet. I need to see about getting my earnest money back. Then I can look... of course, there's nothing available and I'm not sure I trust any of these real estate agents at this point...
Comments
Post a Comment