Still waiting..

Hello Everyone -

We still have not closed on our new house. The new closing date is next Tuesday, April 15th. We were supposed to close today but we got a call from our mortgage person and he told us that our new interest rate is lower then we had initially received, which is a GREAT thing! So they are changing all documents to reflect the new rate and we should be ready on Tuesday. The interest dropped 1/4 of a point, which doesn't sound like a lot, but its a pretty big deal when you're looking at a long term investment. The 1/4 point decrease adds up to almost $10,000 less in interest paid over the course of our loan. So we certainly don't mind waiting for this.

Even if closing happened next Tuesday it will still only have taken us 26 days from the date our offer was received until closing, which is GREAT, considering most closings take 30-60 days.

We still feel VERY good about this move, there have been a couple of other units in the same development that have come on the market in the past month that are smaller than our unit and are listed at MORE then what we paid for ours!! The Alaska economy is still very strong and we are not feeling the real estate and/or economic strain that is happening in most places, so we feel confident that this is a very good move!!

We will update more when we close!