The Last Day of the First of the Stress, or Something
I just gave our loan officer the go ahead on the mortgage for our house, so the first stressful thing is out of the way for me, at least for a day or two. Hopefully I won’t be second guessing myself on it. He gave us what seemed to be the best combination of payment/interest rate/closing costs and a loan program/process that I was sure I completely understood. At this point in our lives my two most important concerns were the monthly payment and the closing costs cause things are going to be a little tight on both of those. Things like whether we have to pay mortgage insurance, etc., were of high but slightly secondary importance. Next time around when we have some equity in our house and hopefully a more liquid situation in general I’ll spend more time finagling to get the very best deal.
I also scheduled an appointment with a Home Inspector. He will be at the house at 9am tomorrow and will be calling me to come hear his report and do a walk through about 3 hours after that. Hopefully he doesn’t give us anything new to stress about.
I’ve also talked to a representative from the Utah Department of Transporation about plans for development in the area where the house is located. He told me that they are in the planning stages of a freeway widening project as well as a rebuild of the interchange that is about half a mile south of the house. The widening project he estimates won’t be done before about 10 years from now, so it will impact us little, if at all. The interchange project may be sooner than that, but the associated Environmental Impact Study has not even been started yet, so any actual construction will be at the very least 2-3 years from now. The current interchange only provides on and off ramps on the east side of the freeway, and our house is on the west, so it would be nice to have better access. The area is quite close to Utah Lake so the tree huggers will definitely have a lot to say about any proposed development. I’m pretty excited to be moving to an area with nature so close again. Here’s a link to google maps showing the area:
Our house is on one of the east-west streets toward the top of the image. You can see how close we are to the lake and lots and lots of open ground. Some of it is already earmarked for development (and already subdivided in the county records parcel map) but much of it will remain protected wetland perfect for exploration.
