So we had 8" of snow Friday a.m. which meant that there was no one else in the bank and I was in there for 2 hrs chatting with a Financial Specialist and also had a long phone call with a Wachovia guy in North Carolina who specialises in first time mortgages. He clarified some of the mystery for me - explaining the monthly payment side of house buying and the generally one-time payments to do with closing and how much they might run (in short, a lot!)
So I feel a little less in the dark and also got my savings account into a higher level of interest. So it looks like being conservative - i.e. being able to buy somewhere with one salalry and use the second salary to make extra mortgage payments to pay it off quicker - we are looking around $300,000. Around here it barely gets you a condo which I do not want. But there's a few pockets where we might get a little more for our money. So now I get to look and get depressed that we can't afford anything. We could go a lot higher but then we'd both have to keep working.
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