Still waiting

Well, we are still waiting to hear back on our approval for the construction loan, it has been a week so far and we are really looking forward to getting some kind of answer soon.

We signed off the mortgage documents yesterday for our investment loan on our old house, so that will now be interest only, we have also discovered that the 3 year fixed rate we chose has gone up again to 7.34%, it was 7.1% when we applied on the 18th of January and jumped to 7.25% last week and again yesterday, as you can imagine we are very thankful we rate locked at the 7.1%, lets hope it pays off in the long run.

So far the floating rate hasn't moved but only time will tell if it stays that way.

We made a couple of changes to the electrical plans and sent them back through to the consultant, there was nothing major really which is good, but they are:

• Changing the 5 items in the theatre that are marked as  future down lights, to be standard light points, we will turn these into spotlights eventually.
• Moving the 2 front light points in the theatre towards the wall lights a little.
• Changing the location of the light switch for the living to be in the hall just as you are about to walk in the living.
• Changing the location of the dining and patio switches to be on the wall beside the alfresco switches.

We have also arranged for Plantation to hardwire in our heated towel rail in the main ensuite, so we are currently waiting on pricing for this as part of the colour selections. This means we have now also removed the single powerpoint in the ensuite which was for the rail.

Hopefully we will get the updated electrical documents back today and have them signed off.