The Walden Effect: Farming, simple living, permaculture, and invention.

Leaning north

Kale cat

We haven't written much about our upcoming move for a while because the adventure has mostly consisted of a mass of unphotogenic paperwork. Still, here's a glimpse behind the scenes in case anyone else is taking notes in preparation for their own land-buying episode.

First of all, we broke up with our original bank. Despite my post on the topic, choosing a local bank doesn't seem to be the be-all and end-all of finding a good mortgage for a plot of land. The bank we chose was on board, but when the loan-estimate paperwork came in they'd more than doubled the proposed interest rate. Too bad we'd already paid for an appraisal --- that's $374 we'll never see agin.

On the plus side, a little sleuthing turned up the fact that you can join the Ohio University  Credit Union by simply making a donation to the library (which means I'll come home with a university library card in addition to a mortgage --- score!). Working with the credit union has been like night and day compared to the other bank. The credit union didn't balk at funding a plot of land with only electric and water on it, didn't bait and switch on interest rates, and each step of the way has been ultra fast. I highly recommend them.

That said, the funder swap has set us back a week or two. So I guess I'll have to let our earliest potential move-in date slide by and instead start crossing my fingers for mid to late September. Here's hoping my kale seedlings (and impatient personality) can handle the delay.

Anna Hess's books
Want more in-depth information? Browse through our books.

Or explore more posts by date or by subject.

About us: Anna Hess and Mark Hamilton spent over a decade living self-sufficiently in the mountains of Virginia before moving north to start over from scratch in the foothills of Ohio. They've experimented with permaculture, no-till gardening, trailersteading, home-based microbusinesses and much more, writing about their adventures in both blogs and books.

Want to be notified when new comments are posted on this page? Click on the RSS button after you add a comment to subscribe to the comment feed, or simply check the box beside "email replies to me" while writing your comment.

My husband. D I are also about to start over on another piece of property. Wishing you all the best for your new adventure!

Comment by Bunnyland Fri Aug 25 17:29:56 2017
Whoa! If you oaid for the appraisal it is YOURS. The bank does not own it, and it is legally required to give you a copy. Moreover, appraisals are usually good for up to one year, so you can still use it even if you go with another lender.
Comment by GARDENER Sun Aug 27 13:04:28 2017

profile counter myspace

Powered by Branchable Wiki Hosting.

Required disclosures:

As an Amazon Associate, I earn a few pennies every time you buy something using one of my affiliate links. Don't worry, though --- I only recommend products I thoroughly stand behind!

Also, this site has Google ads on it. Third party vendors, including Google, use cookies to serve ads based on a user's prior visits to a website. Google's use of advertising cookies enables it and its partners to serve ads to users based on their visit to various sites. You can opt out of personalized advertising by visiting this site.