Hey, 6.36% still is not bad at all. You're doing quite well. As Josie said, it is one of the mosst stressful things you can do - but it'll get better. Hang in there.
It's a program geared for low-income 1st time homebuyers - you get a low fixed-rate 30 yr mortgage and they give you 4% cash at closing. AND since the "City" in the name includes places like Streeterville and Downtown, the "low-income" threshold for a single person is something like $42K/yr for some programs and as high as $61K for others! Very minimal strings - if I win the lotto the day after closing they don't care, as long as when I fund and close I qualify.
![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
branchandroot
no subject
Date: 2008-07-16 11:40 pm (UTC)no subject
Date: 2008-07-17 01:26 am (UTC)Lucky for those "wait, am I forgetting anything?" moments before actually opening the door!
no subject
Date: 2008-07-17 01:56 am (UTC)no subject
Date: 2008-07-17 12:22 am (UTC)no subject
Date: 2008-07-17 01:25 am (UTC)It's a program geared for low-income 1st time homebuyers - you get a low fixed-rate 30 yr mortgage and they give you 4% cash at closing. AND since the "City" in the name includes places like Streeterville and Downtown, the "low-income" threshold for a single person is something like $42K/yr for some programs and as high as $61K for others! Very minimal strings - if I win the lotto the day after closing they don't care, as long as when I fund and close I qualify.
no subject
Date: 2008-07-17 01:27 am (UTC)no subject
Date: 2008-07-17 01:31 am (UTC)