Signing Mortgage Contracts In The Morning...

[Brier Rose]

I think I'm having buyers remorse already. Is this normal??
This will be our first MAJOR purchase, and to be honest we're scared!

DH is self-employed which basically means that at anytime business could God forbid take a turn for the worse, and then we'd be in a fix. At the same time though, my Dad who worked at the same place for 15 years, just lost his job when they decided they didn't need his position anymore. SO...I guess even if he had a straight 9 to 5 with a set pay every week is no guarantee either right??

Looking over our finances for the last 5 years there has only been maybe one year that things would have been uncomfortably tight.

We also never had a budget either. Spend what we want at the grocery store...go out to eat A LOT...go to WDW 3/4 times a year. I'm thinking I could cut all those things by half, and save..save..save, for "just in case"!

I don't know, I have no reason to assume that anything about our business is changing, but for some reason I keep playing this picture in my head of us moving in, and the very next week...BOOM..NO MONEY!

Are these normal fears, or signs we're making a mistake??

Just looking for advice from those of you who have been there.

TIA

 

[Randi]

Sounds normal. It's a big responsibility, but you'll do just fine.

Congratulations and many happy years of memories in your new home!

 

[beckmrk04]

Very normal fears. And you're right- a job can disappear any time in a person's career. So can health. Life happens. You deal with it as it comes along! You'll be fine.

 

[Nala56]

I think what you're feeling is very normal. I remember when we submitted an offer on our house, we went way below asking price, realtor called that night and said they had accepted. We were shocked!! I remember thinking, oh my, what have we done. Turns out best decision we've ever made. The house isn't my dream house but we love, love our neighbors and wouldn't ever think of moving. Good luck.

 

[Brier Rose]

Thanks everybody!

I feel like we're getting a good deal. The house is worth more than we're paying for it, and has a lot going for it in resale value..just in case.

I hope we never have to move though!

I just never knew how going from no debt to a pretty BIG debt would make us feel.

I don't think either of us have slept or ate in days!

We're so comfortable financially right now, it's such a scarey prospect when you think of losing that security.

I know we'll be sooo much better for it in the end though, and have a great home for our kids to grow up in...and our grandkids to vist in. It's that kind of house, you know?!

A forever house, a dream house. In a weird way, I think part of me feels like I don't deserve it. I have it's to good to be true-itis!