I've locked in my mortgage at 5.75% for 116K with Country Wide. I'm currently shopping for a home insurance and have to get that ready by the closing date. The closing date is now confirmed on 10/3/05. The good news is that the seller is going to rent my apartment for the month of October and my agent got $900 for the rent.
posted by Sean @ 9/25/2005 03:46:00 PM
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I'm trying to close the house on the 29th of this month so I've been very busy today. I've been making phone calls to mortgage companies the whole morning and I just found out that I have to get my home insurance ready before closing. So, I had to make a couple more phone calls to get quotes.
posted by Sean @ 9/20/2005 01:01:00 PM
3 comments
My agent called a few days ago and told me that my house is ready for settlement at any date now. The seller has found a new house so I can do the closing at the end of this month. However, the interest rate has been creeping up lately. I was quoted a 30-year fixed mortgage loan for 6.0% yesterday, compared to 5.75% two weeks ago. The difference in interest payments over 30 years is $7,000 between 5.75% and 6.0%
I'm hesitant to take the risk though. What if the interest rates continue to go up, to 6.25%? Then I will pay more interest plus losing a potential month's of rent. I'm leaning towards earning one month's of rent plus playing it safe on the interest rate.
posted by Sean @ 9/20/2005 10:41:00 AM
2 comments
Okay, the word verification is getting a little annoying. Why should I have to verify the words if I'm logged in myself. I think Blogger has to be a bit smarter. If the owner is logged in, there's no need for word verification. Other than that, the word verification works great. I don't get any comment spams now. I have an idea, perhaps in the future, we can have a safe list. I can add all the regular readers to a list where they wouldn't need to be word verified. But that may be too much work for Blogger.com and myself, so scratch it.
posted by Sean @ 9/12/2005 02:24:00 AM
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I now have a second job on top of my current full-time position. My friend referred me to his company, a start-up financial firm and I had an interview with his bosses two weeks ago. I basically told them about my interest in finance and how I've been reading financial/business magazines and they seem to really like my interview, plus I have a technology background and experience. I just started working today after I got off my full-time job. I'm doing market research and gathering information about companies. I can't talk too much about it, because a lot of the information is confidential. The work seems to be interesting and the things I do are financial related, which is the field I wanted to get into. I have so many things going on right now. I have a full-time job during the day, a part-time job at night/weekends, and a real estate investment property in the works. Plus, I have to take out time to help out my dad with his business, and he's in the middle of a big project. I still have to keep an eye on my stocks, catch up on my magazines, and among a dozen other things in my personal life. My part-time job can potentially become full-time. If that succeeds, then I wouldn't have to juggle between two companies. However, that is still up in the air. There are a lot of possibilities. We'll see how it goes. It looks like I will be working long hours and sacrificing night and weekends. I hope this all this work and investment will do me well over time.
posted by Sean @ 9/09/2005 10:47:00 PM
3 comments
posted by Sean @ 9/07/2005 02:40:00 PM
1 comments
I just liquidated $6,000 of my stocks and will transfer that money over to my checking account. I was able to sell my stocks at the high of today, which is good, but the price is still lower than what I really wanted to sell at. In any case, I need the cash now for my second deposit of $15,000. I'll make a check out to my real estate agent tomorrow.
posted by Sean @ 9/06/2005 04:18:00 PM
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I have some books I want to donate: MacroMedia FLASH 5 for Windows and Mac (2001) ISBN 0201716143 Condition: Acceptable Java Gently 2nd Edition Programming Principles Explained ISBN 0201342979 Condition: Good Internet Performance Survival Guide QoS Strategies for Multiservice Networks ISBN 0471378089 Condition: Unread The receiver will have to pay for shipping charges. If you're unable to pay for shipping charges, leave me a comment and your email address, and we may be able to work something out. If you're in the NYC downtown area, you can schedule a pick up with me.
posted by Sean @ 9/05/2005 04:42:00 PM
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I have too many magazines at home. I need to donate some out. They contain a lot of valuable financial information. I hope someone can make use of them. Kiplinger's Personal Finance 2004 (about 7 issues) Leave me a comment if you are going to read them. I'll ship them to you free of charge, courtesy of Growing Money blog.
posted by Sean @ 9/05/2005 04:35:00 PM
1 comments
I freed up my $5,000 of CD ladder in my INGDIRECT account and I'm going to use that for part of down payment. I did get hit with an early withdrawal fee. I lost about $58 in interest. It's not a lot since I opened the CDs in the beginning of this year, so it's not that big of a hit. I'm still looking at the market and considering the best time to sell off some of my stocks. I still need to free up about 6K in about two days.
posted by Sean @ 9/02/2005 03:12:00 PM
2 comments
I've turned on the word verification feature in the comments section because of the high volume of comment spams. Sorry for the inconvience, but this will leave a cleaner blog, so don't let the word verification stop you from leaving a comment.
posted by Sean @ 9/01/2005 12:12:00 AM
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Path to Financial Success. Growing money through investments, savings, money management, and business ideas.
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