A new homeowner!

Okay, it's not us, but I'm still excited. DD, after living in her brand-new condo since last December and paying occupancy costs, actually closed this morning. The unit is now officially hers. This is important, because her monthly payments go down since her mortgage is at a great rate, and she starts building equity. This was right down to the wire, because the excellent rate she got for her mortgage would have expired on the 10th.

She has paid her adjustments and her legal fees and has a bit of money left over. This is a huge change for her: not being one to wait and save, she was quick to spend money on 'stuff'. At one point, while still a student, she was a few thousand dollars in debit via credit cards. Such behaviours are all in the past. She is putting money into savings, and is still living well. And, as a parent, I can breathe easier knowing she has the tools to make it.