This year has been full of surprises. I started fixing my credit right when covid hit and never thought home ownership would be here so soon. I had a few paid charge offs and didn't think I'd ever get approved with them still on there.
We started our search exactly 17 months ago. We kept getting out bid when the rates were low. At that time our rate was 2.875%. We signed a new build contract last May and things hit a standstill and our lot wasn't dug until middle of Nov. Around April of this year we did a new credit pull and obviously the rates are much higher. We locked at 4.875%. I am so happy as this is still well within budget and we are getting our dream home. I've learned so much over this process and this forum has been a great help and has helped ease some stress when I was unsure of the process. I can't wait. Got the CD yesterday and will close tomorrow.
Thank you I tried. I wish we'd got to keep our original rate of 2.875. But I'm still happy with the current rate.
I hope to refinance after the rate dust settles. I know it might be a while though.
Thank you. I'm glad it all worked out to. It wasn't without stress from the first lender dropping the ball. But I'm so thankful it will be over today.
Congratulations, OP!
Congrats! Great news
Congratulations new home owner! Keep the home spending on a budget cause daddy likes toys...
