Project Regent

Yes thats right, the bank has given us formal approval.  Its only been 8 weeks since we submitted our mortgage application, but we finally have the money to make our house a reality!  It’s just too exciting for words…

Land is expected to title mid-June so all is on track for us to spend Christmas 2009 at Wylie Way!!!

Thought I’d do a quick update as we’re getting closer to the final tick of approval from the bank.  On Monday we’re signing the construction contact with PD which will then goto the bank so they can do their valuation and give us formal approval!  That will aparently still take them 2 weeks but at least now we have some kind of timeframe.

Also, I went past the block today.  The fence is still up so we can’t actually step foot on our land, but it looks pretty much ready for building.  All the blocks in our release have now been flattened off.  They’ve also painted the markings on the road, put those little reflective things on the road and have started to build the little fence on the nature strip that divides Wylie Way from Sneydes Road.

I also popped into the land sales office to see how the sales of release 19b were going.  19b went on sale last weekend.  Strangely enough there are still about half the blocks available. When we put the deposit on our land it was a week after 19a went on sale and there were only about 4 blocks left.  I wonder if it is because the people who build in stage 19b will miss the deadline for getting the $26K from K Rudd (unless they extend it).

I can’t believe how much paperwork  is needed when applying for a mortgage - especially because I work for myself.  Marty didn’t need to gather as much.  There must be some more environmentally friendly way of doing it.  Seriously with the technology available these days why can’t it all be done electronically?

Hopefully all the trees they chopped down from our block of land went to a good cause!