So this morning I get an urgent email from my sister asking me to fax my latest pay stubs to my bank.
Then later that afternoon, I am sitting at work and I get a phone call from Morocco. It was my mom congratulating me on buying an apartment that I have yet to see.
This summer when she came to visit me I signed a bunch of paper work (I didn't really read it), but I know it was for a mortgage thru my bank. They had this program for people like me, who work outside the country. I got a fixed interest at 5.08% for 25 years.
But yeah the phone hang up before I get to ask how much it was. I was really excited and speechless and simply forgot to ask. I know the ball park, but don;t know what the final sale price was.
I will post pictures as soon as I get them too.
Man even tho I am excited, it is scaring me that I am in that much debt right now and will I ever be debt free again...lol... I f8cking hope so someday.
My mom and sister will be living in it and paying a decent portion of the mortgage, this was really my parents idea as my first investment. I hope they are right like they've always said.
Edit_1: The apart is in downtown Casablanca BTW.
Update: I just called over there.
The sale price was 1,500,000 MAD which is 194,299.26 USD + 3K to sign + this special insurance of 5K. The fees for the elevator and lobby maintenace and all is ~ 24 USD/ month + city tax of ~$140/ year(not completely sure what this is really, its just what I was told).
My payments are going to be just under 1200 USD.
I will have some pictures later in the day tomorrow.
Some how the mortgage is only 25 years.
Update_2:
The location is not too far from the beach. I can take a taxi for $1.5 and I am at the beach, and taxi's very available in that boulevard.
A few friends has told me that the location will only increase, I mean it in the heart of Casablanca in one of the most safest areas.There are two tennis clubs withing 500ft, actually the club I played at when I was a kid.
Building entrance. ... With 24/7 concierge.
I believe this is part of the lobby area.
Entrance_2
The apart entrance. I like number 10 tho...but it is kind of a cheesy door. I am not sure I like the wood color.
The kitchen I like the hight ceiling.
Bathroom#1
Bathroom#2
Balcony This is the only pic I have of it. My sister is "nule" at taking pictures.
Bedroom1
Living area I like the marble flooring. I forgot we don't carpet over there.
Closet in the master bdr I think.
Update_3:
I just got a fax from the bank asking for medical Check. They are asking me to get an HIV test ? I was not expecting that.
I assume I just call my doctor and ask him to test me for some HIV and the rest.
Or is there is a special place to do this test ?
Then later that afternoon, I am sitting at work and I get a phone call from Morocco. It was my mom congratulating me on buying an apartment that I have yet to see.
This summer when she came to visit me I signed a bunch of paper work (I didn't really read it), but I know it was for a mortgage thru my bank. They had this program for people like me, who work outside the country. I got a fixed interest at 5.08% for 25 years.
But yeah the phone hang up before I get to ask how much it was. I was really excited and speechless and simply forgot to ask. I know the ball park, but don;t know what the final sale price was.
I will post pictures as soon as I get them too.
Man even tho I am excited, it is scaring me that I am in that much debt right now and will I ever be debt free again...lol... I f8cking hope so someday.
My mom and sister will be living in it and paying a decent portion of the mortgage, this was really my parents idea as my first investment. I hope they are right like they've always said.
Edit_1: The apart is in downtown Casablanca BTW.
Update: I just called over there.
The sale price was 1,500,000 MAD which is 194,299.26 USD + 3K to sign + this special insurance of 5K. The fees for the elevator and lobby maintenace and all is ~ 24 USD/ month + city tax of ~$140/ year(not completely sure what this is really, its just what I was told).
My payments are going to be just under 1200 USD.
I will have some pictures later in the day tomorrow.
Some how the mortgage is only 25 years.
Update_2:
The location is not too far from the beach. I can take a taxi for $1.5 and I am at the beach, and taxi's very available in that boulevard.
A few friends has told me that the location will only increase, I mean it in the heart of Casablanca in one of the most safest areas.There are two tennis clubs withing 500ft, actually the club I played at when I was a kid.
Building entrance. ... With 24/7 concierge.
I believe this is part of the lobby area.
Entrance_2
The apart entrance. I like number 10 tho...but it is kind of a cheesy door. I am not sure I like the wood color.
The kitchen I like the hight ceiling.
Bathroom#1
Bathroom#2
Balcony This is the only pic I have of it. My sister is "nule" at taking pictures.
Bedroom1
Living area I like the marble flooring. I forgot we don't carpet over there.
Closet in the master bdr I think.
Update_3:
I just got a fax from the bank asking for medical Check. They are asking me to get an HIV test ? I was not expecting that.
I assume I just call my doctor and ask him to test me for some HIV and the rest.
Or is there is a special place to do this test ?
?
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