We drove over to the house yesterday to check out the progress on the drywall. The drywall was started on Monday, so we figured three days worth of work, we should see major change - we were right! The entire house is drywalled!!! All of the rooms look so much bigger now that there is drywall, but the rooms that look especially large are the great room (kitchen, breakfast room & family room), and the master bedroom. The master truly is what dreams are made of. I can hardly believe that we have walls, and by this time next week all of the drywall will be "finished," meaning taped, mudded, and smoothed. Eek!
Our new builder, Dan, called Scott yesterday to give an update on all the dates and timelines. We will have our final walk through on July 27th at 9am, and we get our keys on August 3rd!!! I was really hoping for the end of July, but maybe since we aren't going to get the keys until August 3rd, we won't have a mortgage payment until October??? That's how it worked when we bought our first house, but I'm not sure if it's any different when building a house.
Regardless, in approximately 20 days we can elect to "re-lock" our interest rate, and I am keeping my fingers crossed that they stay super low. When we locked in back in Februrary we got 5%, which at the time was the lowest you could get - but now the rates are in between 4.25 and 4.5, which doesn't sound like much lower than 5%, but when you calculate your mortgage it ends up being a good amount of money per month. For us personally, each 1% lower calculates as over $200 lower per month. I kind of can't believe the interest rates are as low as they are. When we bought our first place we were happy that we got 6.25%! Everyone should be taking advantage of the rates right now - whether it be to buy a home or to refinance, these rates are unreal.
I will be writing again later today since I have exciting news about potential furniture...stay tuned!
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