Last night I was shredding old documents from the years 2000-2010. I saw my old paystubs, taxes, and mortgages. Looking back, a part of me wishes we had paid off our first mortgage- or at least gotten close by now. Since we have been homeowners for nearly twenty years- it could have been accomplished.
Our current mortgage is six times higher than our first one was. When we needed that first mortgage- we struggled to qualify. We jumped through so many hoops and spent a small fortune to get approved through a house evaluation. My mother was also the guarantor for us. I worked nearly 80 hours every week to keep on top of the finances. All of those things helped tremendously.
Once we had that first home secured, we knew life was going to get better. Even with all of our hard work, I was a bit superstitious. A fear that it could all come crashing down was in the back of my mind. So I put up a horseshoe in the basement of our first home for good luck. When we moved to our next house, I brought it with us and had it in our carport. Now it hangs in the garage of our current home, bringing us more good luck.
Luck and hard work have gotten us to where we are today. In a few years, my wife and I may decide to go mortgage free and sell this home to downsize. For now, it is our dream home and we are happy to be where we are.
Part of running a good business or having excellent customer service, is the little touches that are included. We have had nothing but good experiences with the selling of our old house and the purchase of our new home. From our real estate agents to the mortgage broker- we were given all start treatment.
Recently we received a package in the mail. It was unexpected but a really nice gesture from our mortgage broker. A bag of gourmet coffee and a couple of coffee mugs were inside along with a thank you letter. My wife and I were pleasantly surprised by this.
Months ago, our mortgage broker went above and beyond for us. Deryk even answered my phone call as he was walking into the hospital for the birth of his first child! That was an unexpected commitment. I wholeheartedly thanked him for all of his time (and his associates) for how they helped us get the mortgage we required for our home.
Going above and beyond feels like a luxury these days. Where a company puts people first and foremost when doing business. Anyone locally who is looking for a mortgage, I will back the Thrive Mortgage company 110%. If it wasn’t for their assistance and help, I have no idea if we would be in the house we are in now.
A big Thank You to Thrive Mortgage for helping us achieve our dream home.
We are officially one hundred days from moving. I feel as if we are finally getting some relief for all that we have been through. I don’t mean just selling and buying a home. I’m talking about the past twenty years of stress and hard work- not just the struggle of surviving 2020.
This may sound odd, but our Future Home is actually our “First Home”. Let me explain that statement.
A little over twenty years ago, my father passed away. About nineteen years ago, my mother decided to uproot herself and move to literally the middle of nowhere on Vancouver Island. She moved to Gold River and asked my wife and I if we would want to buy the house she owned in Langley.
So I pushed hard and worked three jobs to afford a down payment and the first bit of paying for the house. We bought it at market value for $210,000. After four years, the market boomed and we had a third child. It was time to sell and move. We sold that house for $410,000.
At that point, my wife’s parents were wanting to downsize. After a lot of discussion and stretching ourselves thin once more, we used all of our equity from the first home and bought my wife’s parents’ place for $570,000. We also needed an extra $60,000 borrowed from them in order to get qualified.
All of the help from both my mother and my wife’s parents have put us in a very comfortable position to buy our “First Home”. In doing so, my wife and I will be able to assist our children if/when the time comes for them. This is our way to Pay it Forward.
Nineteen years of paying down mortgages and struggling from time to time with finances has afforded us the luxury to be successful. All of our friends have watched us as we have hit hardships and windfalls. I appreciate their cheers from the sidelines and the hugs when we needed them. We continue to cheer them on through their endeavors and wins as well.
As we count down to our new home, many of our friends have volunteered to help us in a number of ways, I will be calling in these favors in exchange for pizza and beer!
Last night our middle daughter helped me to make dinner. She peeled and cut the potatoes while I prepped the schnitzel. During that time we did more than just prepare dinner. We talked.
She had questions about credit cards, loans, mortgages, interest rates, RRSP’s, and taxes. Interesting topics for a girl about to turn 14. But ones that I tried to explain over dinner prep.
It made me realize that money is a topic that isn’t taught as well as it should be. Even I don’t always think clearly about my spending.
Sometimes I spend frivolously. Other times I save pennies. But the hunt for big payouts and wads of cash are long since behind me. I work because I enjoy my job and it pays very well. Our mortgage is being paid down and one day we should be debt-free.
Explaining to our daughter that some debt is “good debt” was important. Telling her to save up and buy products without going into debt is also important. Having to explain taxes, sucked, but is important as well.
I hope that our daughter understands a bit more about finances now. As well, she made good mashed potatoes for dinner.