I cannot believe how crazy things can get sometimes. Last week was one of those weeks that I am REALLY glad to see go by. As most of you know already, Amanda and I closed on our house last Thursday! YEP, WE ARE HOMEOWNERS! Well, there were so many "scares" going into the buy. For starters the sellers had some outstanding issues that the lawyers wanted cleared up before we made the purchase. This particular mix up was possibly going to cause our closing to be delayed to this week. The problem with that would have been the fact that our interest rate was good through the 31st. So with today's interest rate, I would have had to pay more. BUT, that all got cleared up and we were back on track for a closing on Thursday. So I went to the bank to get a certified check for the down payment and closing. I called the mortgage company to see if it would be a problem that I increased our down payment some. My loan officer wasn't there so I had to ask someone else. They said there would be no problem with that. So I did it. Then I get a call back asking who told me it was ok to do that. Basically it created more paperwork. But in the middle of that conversation something came up about the price of the house being dropped. I didn't think that it was an issue because lower is better. Well nobody ever told the mortgage company about it. Why is this a problem? - The loan may have to be re approved because the price was lowered due to repairs needed on the house. Fortunately I had a great crew (Realtor, Loan Officer, etc...). The sell is complete and we have a house now.
So our first home purchase summed up...CRAZY AWESOME!
To see pictures click here.
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