November 6, 2009

Bout time

Well I guess I better up date here, and while JB is down what better time to do it?

We are in the process of doing 6 different things that are required for us to get a homeloan/investment loan approval by the bank so we can have our cake and eat it too... well until we figure out if it will just all work out or if it will all be too much for us LOL.

Unfortunately a requirment of the bank is that we have a signed tenancy agreement to get our loan, how do you let out a house that you are living in? and how do you make a date to let out the house if you don't know when you will be moving out of it, because that is based on when the settlement take splace and the settlement can't take place until the loan is approved and financed!

Then we need a completion certificate for the house we are in to complete the reno's which need more work done to them than we originally thought needed to be done so that is in the process of being done too!!

The house is on the market to sell but we can only get the loan based on rental income, so finding someone willing to rent a house that is on the market might be interesting.

Um that'll do for now provided everything goes to plan we will be in the new house before xmas and we will have a tennent here to help us out too :)

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