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  • Hello, my name is David, and I'm a project manager.

  • Hi, I'm Natasha, and I'm a radiologist.

  • And we've been best friends for 15 years.

  • I just want to say thank you so much for taking the time to answer these questions that I have about purchasing a home.

  • - It means so much to me, thank you. - Of course, I love you guys.

  • We have a tradition, every Thursday night, we do trivia night with our significant others.

  • I bring my husband, Josh, and you bring your wife, Steph.

  • Who carries our team.

  • Yes, we...

  • How long was the entire home-purchasing process for you?

  • From when we went to the open house, put an offer, to when we closed took about four months.

  • Four months, wow.

  • - Yeah. - Wow.

  • We went to a cute restaurant around the corner, and I was like, "The brunches I could have" and I was just, "I have to live here!"

  • That's what convinced you?

  • I was like, all the brunches!

  • How difficult was it to say to yourself, "OK, this is what we can afford."

  • Think about your monthly cost.

  • You know, if you have a certain mortgage, you want to think about what you monthly have that check, you have to write every month.

  • - Great. - Yeah.

  • There you go, writing checks once a month, writing it down.

  • And what your lifestyle is like.

  • So, do the realities of, yeah, I go out to eat, I buy coffee, I like to go out to dinner.

  • These are things that contribute to my overall happiness, and will I not be able to do these things if I have a crazy mortgage that I really can't afford?

  • So just be honest with yourself with what you really can afford and what you really can do without.

  • So, during that whole year, what was the hardest thing that you and Josh went through?

  • Honestly, it was just the anxiety and the emotional journey of being like...

  • OK, we're going to make the biggest purchase of our lives, that was a big part.

  • And also kind of just doing the steps involved to do that.

  • Like, one of the things we didn't know is like, you have to get a pre-approval before you go into looking for places, before anybody kind of takes you seriously.

  • Pre-approval in the sense of, you know, having all your paperwork ready?

  • So, they kind of tell you what you can spend before you spend it.

  • So, you know, you have a guideline, so you're not like buying completely out of your price range.

  • So, the bank is gonna basically tell you like, this is how much money you could get a mortgage for.

  • - Oh. - Yeah.

  • Now, what's all the paperwork that we're gonna need before...

  • Ho, there's a lot of paperwork!

  • Oh, there is?

  • OMG.

  • We set up an e-mail filter for everything that was kind of coming in that.

  • He's really taking notes as well.

  • Yes, I gotta know!

  • We set up an email filter, so everything that was coming bank-related, kind of home-related, kind of was flagged and kept in this special folder.

  • There is a lot of paperwork, but the banks make it really, really easy for you.

  • There's always someone available to help guide you with it.

  • Oh, I'm all out of paper.

  • Got any advice for me?

  • When you're doing the process, it's gonna feel like a lot, but just stay calm, stay grounded, and have faith that there will be a good place for you.

  • Because there will be.

  • To see this place that you and your husband have, for me, it's just motivating.

Hello, my name is David, and I'm a project manager.

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A2 US paperwork mortgage afford josh purchasing kind

A Homeowner Shares Tips For Buying Your First Home

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    Annie Chien posted on 2019/10/19
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