How to Get Money For The New Home

3-10-13 6:32am Sun. (1)

      Everyone is telling Leona to get this condominium unit as fast as possible before there are other bidders. Jenny has been in touch with the owner who said her asking price is 5.8 million NT. She is a small investor who doesn’t want to make a killing on this unit so we can get it for a lower price than the real estate agency would have us pay. Apparently, you don’t always have to have an exclusive contract with an agency; Jenny can act as our real estate broker and do all the bargaining and paper work with the owner directly. Leona and I only need a 50,000NT ($1,734us) bank check to give to the owner to tell her we are sincere about wanting the apartment. Not that she has to sell it to us, but that is why it is important to be fast and first.

 Last evening, Leona too out cash from the 7-11 ATM from four TD and Capital One account. In addition, her brother, Shih-Dong, went to his bank and took out cash to give Leona to make up the difference. I called TD bank on the phone to make sure we won’t be blocked from making other withdrawals this week. I was told we are okay to take out up to $762us with a provision for $1,000 if we call in. I was also told we could have a money transfer from Brooklyn by calling our branch directly and speaking with the bank manager or assistant. Since we have established transfer actions, we might not have to go back in person to initiate another. The manager of the 2700 CIA TD Bank is John Maccarelli, the asst. is Shpresa Nesim, the phone number is 718-616-2200 and the fax number is 718-616-2202. We still have $170,000 left on that home equity loan we took out and $60,000 in TD and Capital One checking accounts combined. We don’t want to use the home equity loan from Brooklyn though; it has a 2.7% interest while a mortgage here would have a less than 1% rate with a discount for first time buyers. If we can leave the house in Brooklyn for now, not use the home equity loan, and pay for our new home with my salary from American Eagle, pension, and later, social security checks, that would be good.

      I did the I Ching last night. It was hexagram #2, The Receptive, with two moving lines that didn’t figure. Sublime success! All of this seems smooth and comfortable though I know it is exciting; it just doesn’t feel frazzled. Leona is very happy that she is getting a bargain for such a large place in the neighborhood of our choice. I am happy, too. Jenny and Shih-Dong acre it is a great price for that size property in Beitun near Dong-Shan Road.