Thursday, August 16, 2012


Today I pulled the trigger and locked my interest rate in. I spoke to my PM and he said I'm within 60 days, so I decided to just go ahead. I don't have enough patience to rate watch. The rate today was pretty decent.

This was yesterday's breakdown on rates:

  • 3.5% - lender credit of .375%  which will be applied towards your closing cost.  This is the closing quote to your cash out of pocket expense from the beginning.
  • 3.375% - cost of .75 discount points which is $1404 out of pocket more at closing
  • 3.25% - cost of 1.25 discount points which is $2491 out of pocket more at closing
I locked today at 3.5% with a lender credit of .625%. The lender credit increased slightly from yesterday, so I decided to lock. For me that's about $1250 from the lender going towards closing. I'm happy with the credit and the rate.

I'm not sure because I know minimal about roofing, but it looks as though the roof is complete. I believe it has to be inspected by the PM. I'm not sure if that has taken place yet.

I am having a mix of hardwood and carpet on the first floor. I wanted to get wood blinds to match. Lucky for me the sub-con that is installing the hardwood also does window treatments. I met with the sales rep on Monday and picked out all the blinds for the whole house. They will come in the day after settlement and install the blinds. I'm not a fool to think that I'm not paying for the convenience. I know I could have gotten better priced blinds somewhere else but the fact that they will measure the windows and have the blinds ready for me when I move in, is a major plus. It is one last thing I need to worry about. I decided to have wood blinds installed on the french door. I'm wondering if I'm better off just putting a curtain there instead. What do y'all think?

 My little kitchen area. It's going to be small but I'll make do. There's the wood for the kitchen island. The kitchen island cabinet is where I will house the cable box and etc. I am going to mount the television over the fireplace. It looks as though I'm the only unit that opted for a fireplace. I also added the blower so it will be more than just ambiance. 

 Unless they do an enormous amount of grading. I am going to need a deck. That's a pretty intense drop down. I figure Ryan will put steps there but that is still pretty steep. I am going to plan to have a deck by next summer. I will have time if I move in September.


  1. It's going fast. Looks great. We are going for 15 year loan and floating.

    1. I decided to do USDA, and they only offer a 30 year loan.