My broker called me today to ask if I could some sign the loan papers. I said yes and asked if this was it. He said this is the signing, the loan should fund next week, it will be recorded the after that then I'll get my keys by the end of the week. Ok so I figured this was not the closing. Asked if hubby had to come (loan in my name only) he said no. Asked if I needed to bring anything, again a no.
So I meet a guy at the title company who says he is a notary and will give me the papers to sign. We start going over the numbers and I asked if I am supposed to bring the gift money to the closing. He said this was closing! On the homebuying TV shows the closing always has about 5 people sitting around a big conference table and at the end they get the keys. What the heck! My mom lives in Germany and she is wiring gift money that will take at least 24 hours to get here and she is 9 hrs ahead so add a business day. When I got home to tell her it's time to wire the money, it was the middle of the night (her time) so it wont happen until next week. After it was done I had to have my husband go over there to sign an Interspousal or something like that and take the certified check for the other gift money from MIL.
Then, after I had been told a few weeks ago I would lock at 5.5%, I find my interest rate is 5.75%! That's $50 more a month!
I feel happy but unhappy. I think it could have gone a lot better. I would have liked my realtor to be there or my husband. That was such a great moment and I didnt get to share it with anyone. And I feel a little duped. Interest rates are at all time lows why am I paying 5.75%?
One more question. Since I signed all the papers can I send in my tax rebate form now or do I have to wait until it records or funds or whatever else it's doing?
