Annette’s title is Home and
Investment Lending Manager. My good woman and I bank with different banks but
we can’t finance our auction purchase with loans from different banks. So I’m
coming across. I won’t move my other accounts with Which Bank, but I like the
thought of kicking them in pants this once just because they are a bank.
A contributing factor in my
apostasy is that Annette explains things better than Kylie at Which Bank. And
for someone whose knowledge of money is akin to a black hole, this is important.
At our first meeting on the Monday before the auction, I sort of get it:
essentially, I get that the bank will lend us enough to bid, and that we can
pay them back. For a few weeks anyway.
Today, having done the auction
deed, the whole thing gets a bit messy, but after many quizzical looks from my
good woman and me, me in particular, Annette dumbs it down enough for me to
understand for five minutes.
My lifelong aversion to
anything to do with money is the trouble. I understand neither concepts concerning
money, nor the language. Words like offset, dividend and accrual send me
tailspinning into that black hole. I can’t even master a term as simple as ‘pay
out’ in reference to my previous home loan, telling Annette I hope to kill it
as soon as possible.
In the end we establish that my
good woman will be party to four loans and I will have three. We will have a
line of credit loan that will lie doggo, unless and until such time as we want
to use it.
Annette asks about our
solicitor, the legal person who will arrange all the legal stuff. Neither of us
has a solicitor, but my sister has recommended someone. I ring her when I get
home and she sends me a quote and questionnaire. That’ll do me. I don’t want to
see any other quotes. They’ll only confuse me.
Rock on.
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