After much going back and forth with our potential lender–submitting documents and submitting more documents–it finally seems as though everything is going to go through on the land loan. And I thank you all for your thoughts and prayers.
We have signed pre-disclosure statements with the lender on the loan, and we are simply waiting for an appraisal to be done on the property and for a title search to be done by the attorney. If all that goes well, we are well on schedule to close on the land before month’s end.
Our next step is on hold until that time, and we are not sure exactly what that step is. Ideally, we would be able to put a mobile home on the property and get it ready to move into, so that we can get our present home ready to sale. That is the ideal scenario, however the limited nature of our funds might prevent us from doing things the ideal way. There are a number of expenses that come along with making the mobile home livable, and I am sure that there are some which we have yet considered. The problem is that things always seem to be more expensive than they appear on paper, and we will have to figure out how to make those things happen without getting ourselves into a bind. So your prayers for wisdom and God’s gracious hand throughout this would be greatly appreciated.
That said, the first step (barring some unforeseen complications) is nigh onto completion, and we are excited and a bit scared at the bigness of the undertaking. However, when by God’s grace all this is said and done, we will be well on our way on our journey to unindebtedness having cut our housing expenses by more than eighty percent and its term by twenty years.
If you wish to pray for us, you can pray for us in this way: that the land will be closed on in a timely and unhindered manner, that we will find a mobile home (which we believe we already have) to put on the property and will have the resources to make it livable sooner rather than later, and that when we put our present home on the market, that it will sell quickly and for an amount that will at least pay off present mortgage. Thank you again, and may God bless you for your thoughts and prayers.
Categories: Unindebtedness Journal