Congratulations! It must be a blessing to not have to worry nearly as much as you did just a few weeks ago about all these things! I hope the mortgage process and whatever is involved goes smoothly for you. Good luck to everyone else waiting, I'm starting to feel the frustrating part of the anxiety sneak through every now and then, and I've only been waiting nearly eight weeks! I thought about calling them this week just to see if I made it into the review, because I have an interview in Milwaukee next Friday, but if I've been accepted at the U, I don't have to make that drive out there...
I know this is found in the other forums and threads, but I really don't want to go searching through them, so... If I were to send a letter of intent along with an update, how how would one go about formatting such a thing? Again, I recognize that this can be found elsewhere, but if you're willing to help a fellow applicant out, I would be very grateful!
If you want to see what my update included, PM me. I don't know what the "proper" format is, but they accepted mine =0)
No, we are definitely not moving anywhere in North Mpls, that is GHET-TO.
Our friends just bought a place this summer in South and they love it, I'm sure there are batches of "rough" but their area seems fine (right by the VA). Also, since most (all?) people have some rotations/something at the VA, it would make it really convenient ;0)
I think it depends on what part of South Mpls, too. We currently live in Uptown and it is pretty nice, but once you get farther down Lake St. it all turns Hispanic and the crime rate goes way up (not that I am correlating the two, I just am not very fluent en espanol).
As for renting, I am SO tired of living by others' rules and dealing with upstairs neighbors. Our rent is very expensive but I am not willing to move to a smaller apartment and I REALLY do not want to live by a lot of college kids or way out in the 'burbs. We are looking at a 5-1 ARM which would lock us in at about 3.75% for the 1st five years and a 3.5% down payment. We will also qualify for the $8000 first-time home-buyers credit as long as we sign by April and close by June.
Thanks for the advice, though. I agree that the market is going to be bumpy for awhile, but the rates we are looking at are pretty amazing in any standard.
Sorry to hijack the thread, I am just super-excited for this. I got a buy-a-house-bug 3 years agao and man am I happy we didn't pursue it then.