We hired a property manager who found a renter for our house in Oregon. That is right, like Dona1d Trump, we now have “investment property.” (Unlike Dona1d Trump, I believe our President was born in America.)
The house is rented – not quite covering carrying costs, but hey, you send me a check every month and I will be way happier than when our checks were all going in the other direction.
Now, to move out of the house we are renting in Missouri….
It’s a buyers’ market – right, Dona1d?
Today I called a Loan Officer at the Credit Union that we have been using for years. They hold the loan on our house in Oregon. The Officer who worked with us on that loan is no longer there, so I looked on-line and decided to support the sisterhood. I called the only woman officer listed.
My initial impression was to be unimpressed. Maybe she does not realize that a big part of her job is actually sales. Still, she wasn’t rude, just not as sparkly and happy to talk to me as I would have liked.
We started discussing options. I was writing as fast as I could and I was completely confused. I asked her to slow down, twice. I told her I had no idea what she was talking about. I told her specifically, “Please talk to me like I am a High School Freshman taking my first finance class.”
High School Freshman must be very, very smart these days.
In the end, what I learned (I think) is that it doesn’t matter how much we put down on the first house, there is no way to really use that money. We can jump through a bunch of hoops, paying big fees for the privilege of doing so and we probably still won’t have enough for a down payment here.
I may have to move the mortgage brokers/bankers/wall street fat cats that messed with the economy back up the list of people I hate.
I will confess that I am starting to fantasize about one of these people calling me in response to my blog and offering to help us. I know that if you complain about the cable company on your blog, sometimes that happens. So, here I am bankers – complaining about YOU. Send me a proactive email offering to help. I am sure that all 17 of my readers will be really impressed!