Skip to main content

Positive Thinking and Home Decor Budget

Today I got an email from my attorney enquiring if I had secured a mortgage commitment as yet. Sadly, I had to respond, no. 

It is a reasonably question to ask when you consider that I made an offer on the home on May 3rd 2013 and we went into contract at the end of May.  Everything else from here on in should have gone smoothly.  I thought wrong. Having never purchased a home before I didn't understand the process. I assumed that because I had a 10% down payment and good credit that would be enough. I even completed a first time home buyers class, at HSBC’s request, at a community organization and received a certificate of completion.  This class cost me a nonrefundable fee of $75. The community organization wasn't all bad and I don’t want to give the impression that they did not assist. They helped me to apply for a down payment assistant grant. I am truly grateful for that. 
Still, here I am six weeks later without a mortgage commitment from HSBC and waiting anxiously to move forward on the property.  I’m learning quickly that I've made some mistakes in this process. I did not shop around for a mortgage. Instead, in my haste, I relied on HSBC because we had history together. I was involved in their First Home Club program, where they would match my monthly savings of $188 and put that money toward my closing costs.  The idea of free money was tantalizing. One advice I would give to other first time home buyers is to definitely compare various lenders before committing to one.

One of the ways that I have been keeping myself busy throughout this troubling time is through positive thinking. I have not allowed myself to believe that my mortgage application will be denied. I have been making a list of things I would like to do around the home. In a previous post, I mention that I have a very tight budget of $3500 to decorate the entire home with the exception of the kitchen ( that would be a full renovation job). Here is a list of things that I would like to have accomplished (notice the very original and catchy title, lol)
                                                      Marissa’s Home D├ęcor Budget
Entry Hallway
Estimated Spending
Actual Spending
1.     Paint
2.     Mirror
3.    Picture Frames

1.     Paint (white gloss)
2.     Shower curtain
3.    Toilet seat (blue)
4.    Storage
5.    Bath rugs
6.    Bath mat
Bedroom #1
1.     Paint
2.     Area Rug
3.    Upholstered Headboard
4.    Mirror
5.    Dresser
6.    End Tables (2)
7.    Curtains
Living /Dining Room
1.     Sofa
2.     Dining table and chairs
3.    Area Rug
4.    Buffet/ Console table
5.    Picture Frames
6.    TV stand
7.    TV (46 inches???)
8.    Bookcase
9.    End tables
10.  Chair
11.  Ottoman
Bedroom # 2
1.     Full bed
2.     Computer desk
3.    Slipper chair
4.    Paint
5.    Area Rug
1.     Chairs
2.     Rug
3.    Flower boxes
1.     Silver paint

Popular posts from this blog

Welcome to My Blog!

Hello, my name is Marissa. I’m new to blogging. I don’t have a degree in design and I’m not a professional decorator. I just love decorating.
I love home improvement and design shows. I love HGTV and 
My favorite shows are House Hunters, The High Low Project, The Property Brothers, Love It or List It and Property Virgins.
I’m also in the process of buying my first home, a cooperative apartment in Brooklyn, NY. Buying a home is a giant step but it’s also an expensive one too.
I have big plans for my first home. However I'm now realizing that most of the work I planned for the home, I can't afford.
I have been looking for a home for several years, but seriously looking for about a year. Most of my friends live in Brooklyn. I live and work in Brooklyn so it only made sense for me to stay here. But Brooklyn real estate is not cheap.
My Coop wish lists were: a two bedroom apartment, with lots of closet space, natural light and windows in the kitchen and bathroom. I…

Debt Free Journey

In the last few months,   I started 2 new jobs and bought a car. But let me start at the beginning.  In 2016, I made a resolution, along with the usual lose weight promises of years past, this year I had a plan of focusing on my financial future. Managing my debt. I asked myself what goals I wanted to accomplish in 2016 and developed a plan of how to accomplished those goals. I made a vision board and then I drew my own mind map. I was watching motivation videos on YouTube and TED talks. I would watch Suze Orman and Dave Ramsey and be inspired. I was on a goal of financial self-improvement.
I made it a goal to find a higher paying job with my company. I mastered the “tell me about yourself” question and practiced my response in the mirror. I was confident. And after multiply revisions to my resume, careful crafted cover letters and multiple interviews, my hard work paid off. I got a job. Yeah me! Three years after graduate school, I finally got a job in my field.  With new job came …

Budgeting and the New York Lifestyle

The other day I met up with my good friend, Tracey, for lunch. These days we always seem to talk more about our careers and financial matters.  Tracey and I are in the same career field but have different kinds of responsibility. My job, for a large government agency, requires me to spend long hours on my feet and travel to many locations. Glamorous it’s not but it allows me a lot of autonomy. Tracey works on a yearly contract for a University in Manhattan. I live in Brooklyn with a roommate. Tracey lives in Manhattan with a roommate.
Tracey complained about her lack of autonomy and job security.  Tracey, like many people, feels that she is underpaid for the life style that she wants to live. I mentioned several times in this blog how totally uncool I am. I don’t hang out in trendy coffee shops and don’t spend long hours queuing to get into the hottest new restaurants. I don’t have a gym membership. Instead I take great pleasure in finding free and inexpensive things to do around the …