I want to give a quick update on our housing situation. We continue to search for a new place to live and explore possibilities for both renting and buying (through a loan). Prices here are crazy expensive. We have found that renting costs around the same as the monthly payment on a loan for the same house. So of course it makes sense to buy if it is at all possible.
Research from several banks here showed that foreiners can easily obtain a loan at the maximum of 70%. However, the remaining 30% is still somewhere around 70,000-100,00 USD (the price alone of some houses in the states)! It seems that there are ways to get that percentage raised to 80 or even 100 depending on your status (how long we have lived here, who we know, a guarantee, etc ). We don’t know exactly how far we should press this. For me, it seems so unattainable, so far out of our reach. We want this to be clearly God’s work if this is the direction He is taking us. We need wisdom and discernment.
Zac is working on the loan possibilities while I continue searching for renting options. Next Tuesday our local paper will run an advertisement about our need. We pray this will bring new possibilities.
Thank you for continuing to pray with us for this. We appreciate all the emails and messages, they are so encouraging during this difficult time. I’ll write again as soon as we know more!