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Frequent Contributor
LondonMassey
Posts: 441
Registered: ‎01-03-2012

I'm heading to underwriting!! Eaaaakkk!

[ Edited ]

Well, I met with my lender today and went over all the paperwork I've turned in these past couple months. Everything has been submitted, organized, matched with DU inputted information, and re-checked... Now it's heading to a human for review. 

 

Lender said she is emailing disclosures to me that, once signed, will require an appraisal within 3 days.... 

 

Realtor said he spoke with leasing agent today and written approval for the short sale is expected within a week!!

 

 Any helpful tips, thoughts, or what to expect ideas are welcome!

 

Wish me luck!!!

Cap1(sc) 550, Cap1 500, Walmart 350, Home Depot 1500, Amazon 700, US Bank 1500, Childrens Place 450, JC Penney 200, Old Navy 250, PayPal 600


Starting Score: EQ 614 EX 653 TU 680 Lender Pull 2/6/12
Current Score: EQ 665(Dealer Pull) EX 687(Dealer pull) TU 695 (Dealer pull)
Goal Score: Closed on my new home, 9/27/12, $51,950 left to pay!! Got my car!! $6300 left to pay!

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Frequent Contributor
Catacam
Posts: 475
Registered: ‎02-06-2012

Re: I'm heading to underwriting!! Eaaaakkk!

Drink a beer! You deserve to relax. Just remember, at this point, it is out of your hands and if I can do it, you can do it!!! Good luck!

CLOSED ON OUR FIRST HOME MAY 30TH!!!


Starting Score: TU 589 EQ 526 EX603
Current Score: TU 635 EQ 603 EX ??
Goal Score: 750


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Frequent Contributor
LondonMassey
Posts: 441
Registered: ‎01-03-2012

Re: I'm heading to underwriting!! Eaaaakkk!

If only I drank!!

 

I hit at a casino for a few hundred bucks right after meeting with my lender... Realized I couldn't even deposit the money because it'd be questioned! It started feeling a lot more real then...

Cap1(sc) 550, Cap1 500, Walmart 350, Home Depot 1500, Amazon 700, US Bank 1500, Childrens Place 450, JC Penney 200, Old Navy 250, PayPal 600


Starting Score: EQ 614 EX 653 TU 680 Lender Pull 2/6/12
Current Score: EQ 665(Dealer Pull) EX 687(Dealer pull) TU 695 (Dealer pull)
Goal Score: Closed on my new home, 9/27/12, $51,950 left to pay!! Got my car!! $6300 left to pay!

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Frequent Contributor
BoysMumx2
Posts: 309
Registered: ‎01-24-2008

Re: I'm heading to underwriting!! Eaaaakkk!


LondonMassey wrote:

If only I drank!!

 

I hit at a casino for a few hundred bucks right after meeting with my lender... Realized I couldn't even deposit the money because it'd be questioned! It started feeling a lot more real then...


:smileyvery-happy:


Starting Score: EQ 622, TU 676, EX 643 (mtg lender pulls) 2/1/12
Current Score: EQ 743, TU 775 (6/18 MyFico), EX 722 (per CITI approval letter 6/29/12 pull)
Goal Score: New goal: 760+ on all 3


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Established Contributor
JusdoNit
Posts: 921
Registered: ‎12-10-2011

Re: I'm heading to underwriting!! Eaaaakkk!

Wipes forhead.  It's almost over:smileywink:


Starting Score: 722
Current Score: Now 687 what the hockey sticks...from a 784 (Aug 12 EX 751 EQ Fico)
Goal Score: 800

If your outGo is more than your INcome than your UpKeep will become your downFALL.

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Frequent Contributor
LondonMassey
Posts: 441
Registered: ‎01-03-2012

Re: I'm heading to underwriting!! Eaaaakkk!

I also found out that when my LO submitted everything through DU that she only included my wages from my employer and not any child support or other income, and I was still approved, which gives me a lot of hope.

 

I just sent an email to my realtor to see if he can find out from the leasing agent what appliances are going to be included with the sale.  Come to find out the house was a rental home (owner lives in town), so I'm hoping that because the owner has a residence that I assume already has appliances he'll be ok with the current appliances staying put.  It'll save me a few hundred bucks plus the headache of hunting for second hand stuff and installing everything between work and my 3 kids... plus... I'm a girl and well...I don't want to install appliances.  :smileylol:

Cap1(sc) 550, Cap1 500, Walmart 350, Home Depot 1500, Amazon 700, US Bank 1500, Childrens Place 450, JC Penney 200, Old Navy 250, PayPal 600


Starting Score: EQ 614 EX 653 TU 680 Lender Pull 2/6/12
Current Score: EQ 665(Dealer Pull) EX 687(Dealer pull) TU 695 (Dealer pull)
Goal Score: Closed on my new home, 9/27/12, $51,950 left to pay!! Got my car!! $6300 left to pay!

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FrugalRican
Posts: 2,876
Registered: ‎02-02-2012

Re: I'm heading to underwriting!! Eaaaakkk!


LondonMassey wrote:

If only I drank!!

 

I hit at a casino for a few hundred bucks right after meeting with my lender... Realized I couldn't even deposit the money because it'd be questioned! It started feeling a lot more real then...



I have a bank account number. And if you want, I can make up a story about being a Prince in Nigeria, if it makes you feel any better.

 

In all seriousness, let things run its course. You will be fine.

Follow my financial journey: http://www.frugalrican.com


EQ FICO (01/16/2012): 656 - EQ FICO (02/16/2012): 743 - EQ (02/24/2012): 760 - EX (04/28/2012): 739 - GOAL 2013: 800+

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Regular Contributor
wanttomove
Posts: 181
Registered: ‎03-25-2011

Re: I'm heading to underwriting!! Eaaaakkk!


FrugalRican wrote:

LondonMassey wrote:

If only I drank!!

 

I hit at a casino for a few hundred bucks right after meeting with my lender... Realized I couldn't even deposit the money because it'd be questioned! It started feeling a lot more real then...



I have a bank account number. And if you want, I can make up a story about being a Prince in Nigeria, if it makes you feel any better.

 

In all seriousness, let things run its course. You will be fine.


   LOL!!!


  Sending positive vibes your way, London. I have been following your story and I'm rooting for you. Good Luck!!

Frequent Contributor
LondonMassey
Posts: 441
Registered: ‎01-03-2012

Re: I'm heading to underwriting!! Eaaaakkk!

Thanks guys!! Frugal, I'm trying to remember how to pay bills with cash instead of electronically!

33 days to go... And still no written approval!
Cap1(sc) 550, Cap1 500, Walmart 350, Home Depot 1500, Amazon 700, US Bank 1500, Childrens Place 450, JC Penney 200, Old Navy 250, PayPal 600


Starting Score: EQ 614 EX 653 TU 680 Lender Pull 2/6/12
Current Score: EQ 665(Dealer Pull) EX 687(Dealer pull) TU 695 (Dealer pull)
Goal Score: Closed on my new home, 9/27/12, $51,950 left to pay!! Got my car!! $6300 left to pay!

Take the FICO Fitness Challenge
Frequent Contributor
BoysMumx2
Posts: 309
Registered: ‎01-24-2008

Re: I'm heading to underwriting!! Eaaaakkk!

Crossing fingers and toes for you!  ...Paying with cash?  I don't think I know how to do that either!  Just gotta love the whole "bank account" paranoia thing that underwriting creates - not.   I had to account for EVERY deposit.  Writing an explanation about a $3.55 deposit?  Good times...  :smileyindifferent:


Starting Score: EQ 622, TU 676, EX 643 (mtg lender pulls) 2/1/12
Current Score: EQ 743, TU 775 (6/18 MyFico), EX 722 (per CITI approval letter 6/29/12 pull)
Goal Score: New goal: 760+ on all 3


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