Credit Card Center Advertiser Disclosure†
09-03-2012 11:56 AM
We have been preapproved through manual underwriting, picked our house, and are under contract. We are now going through all of the steps before closing (appraisal, underwriting again, etc). I am so anxious about the possibility that we could be denied after going through underwriting again that I am having a hard time sleeping and concentrating. I wish there was a way for them to just get it over with. Because our home is new construction, we are supposed to go pick out the carpet and granite for the countertops, but I don't even want to do that because I am so worried that I am getting my hopes up and getting attached to the house and it will all fall through. How do you get through all of the uncertainty? What do you think the chances are that we may be denied after being approved by underwriting once? I hate that something that should be an exciting and happy time is made miserable by all of the stress and anxiety I am feeling
09-03-2012 12:42 PM
09-03-2012 10:13 PM
I feel your pain! I take comfort in knowing that the LO and UW have already put a lot of work into the process and they don't get paid until I get my keys, so they must be pretty confident. Unless something major happens on your credit between now and closing, you should be just fine. I've been comparing it to pregnancy and childbirth...lots of joy, mood swings, and pain, but in the end, a beautiful baby/home!
09-03-2012 10:41 PM
When it's over you will feel the burden lifted. Good luck in your new home.
09-04-2012 07:15 PM
I went and picked out our granite and carpet today. I am feeling a little less stressed. I have a meeting tomorrow with our LO to go over paperwork and documents and I am hoping that will give me a little more peace of mind. I just want my keys and to move in already!
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.