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House Buying Journey

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bdhu2001
Valued Contributor

Re: House Buying Journey


@Chbraswell wrote:

I found a home last night, I really liked it and i'm waiting for my realtor, to hear back from the listing agent as well as the lender.  Here we go again! #homebuyinghope


Good luck to you. I wish you the best in this search.  My Finance condition contingency ends on 8/3/14 so I'm sure I'll hear about the appraisal as soon as it's done and comes in. I don't kow what to tell you to ensure your new effort doesn't get reviewed carefully until the end.  

 

Have they at least Preapproved you through the Underwriter. "EZdriver," in this form mentioned :"Be very careful about offering short closing times on your offer without truly have completed your underwriting-based preapproval prior to making the offer"  In your case, since you've gone through the Underwriter, see if they can classify your Preapproval as Preapproved through Underwriter. That way you just have to find a home and make sure the inspections and appraisal are okay. You don't have to worry about extra docs." 

Original Mortgage maturity Sept 2044; Refi maturity Dec 2030
Starting Score: EX 751 EQ 720 TU 737 on 4/9/14
Current Score: EX 849 EQ 835 TU 843
Goal Score: 850


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Message 31 of 55
Chbraswell
Regular Contributor

Re: House Buying Journey

So the offere was accepted! The price was 83,500, we offered 81,00 0 they countered with 82,4000  and they took it! Including closing costs.  So now we are go back to the L/O  and start the whole process all over again.

Beginning:Explus 630 eq 573 tu 593
Current: EXplus:677 Eq 642 TU 727
Goal: Explus 700 eq 700 tu 800

Merrick: 1550 Capital One:1150 Barclay: 2000 Walmart: 300 Chase Freedom: 500
Message 32 of 55
Chbraswell
Regular Contributor

Re: House Buying Journey

Good luck to you. I wish you the best in this search.  My Finance condition contingency ends on 8/3/14 so I'm sure I'll hear about the appraisal as soon as it's done and comes in. I don't kow what to tell you to ensure your new effort doesn't get reviewed carefully until the end.  

 

Have they at least Preapproved you through the Underwriter. "EZdriver," in this form mentioned :"Be very careful about offering short closing times on your offer without truly have completed your underwriting-based preapproval prior to making the offer"  In your case, since you've gone through the Underwriter, see if they can classify your Preapproval as Preapproved through Underwriter. That way you just have to find a home and make sure the inspections and appraisal are okay. You don't have to worry about extra docs." 

 

 

 

This is what I would like to do! They accepted the offer so that's good and honestly, the appraisal on the house should be good to. With the fact that I almost was approved I'm hoping this should be clear sallings from here.

Beginning:Explus 630 eq 573 tu 593
Current: EXplus:677 Eq 642 TU 727
Goal: Explus 700 eq 700 tu 800

Merrick: 1550 Capital One:1150 Barclay: 2000 Walmart: 300 Chase Freedom: 500
Message 33 of 55
Chbraswell
Regular Contributor

Re: House Buying Journey

Update! I have submitted all documents to the bank and they will order the appraisal when i have the inspection which wil be tomorrow.  I'm thinking the loan will go to the u/w by the end of next week and I should have a decision by 8/15 which is 6 business days before I am estimated to close.  I thinking because it just fell out of contract that the inspection should go well.  Keep your fingers crossed!! #homebuyinghope

Beginning:Explus 630 eq 573 tu 593
Current: EXplus:677 Eq 642 TU 727
Goal: Explus 700 eq 700 tu 800

Merrick: 1550 Capital One:1150 Barclay: 2000 Walmart: 300 Chase Freedom: 500
Message 34 of 55
Chbraswell
Regular Contributor

Re: House Buying Journey

Good Morning!!,,

 

 

The inspection went very well! Much better than the other home. The inspector was really being nitpicky lol  I have just submitted an updated statment from my savings account that has the money for my down payment. Which I am pretty excited about.  I have a good feeling about this! A little nervous because this is a 3rd charm and I have a few NSFs on my checking account which I am hoping they will be okay with.  The appraisal should have went out yesterday or today.  My realtor said once we get the approval we can actually bump up the closing date, which I would be excited to do.  I'm still shooting to have my final decision by 8/15. Definitely trying to stay positive and hopeful!!! #homebuyinghope

Beginning:Explus 630 eq 573 tu 593
Current: EXplus:677 Eq 642 TU 727
Goal: Explus 700 eq 700 tu 800

Merrick: 1550 Capital One:1150 Barclay: 2000 Walmart: 300 Chase Freedom: 500
Message 35 of 55
notfancy
Valued Contributor

Re: House Buying Journey

Good lord, what a mess! I'll send an internet hug your way for all you've gone through. I read all of your posts, and your strength and grace through out the process was very clear to me, even if it isn't always clear to you. Best wishes to you in your search! I hope this one turns out for you and that it is everything you want it to be!

625 EQ FICO Current Score: 660 DCU EQ FICO/ 645 Scorewatch EQ FICO , EX FICO 664, TU FICO 737 (08/2014)
Goal Score: 700   Seedling again as of 07/29/14
Message 36 of 55
Chbraswell
Regular Contributor

Re: House Buying Journey

Thank you so much notfancy!! I feel good and positive this time around!!!

Beginning:Explus 630 eq 573 tu 593
Current: EXplus:677 Eq 642 TU 727
Goal: Explus 700 eq 700 tu 800

Merrick: 1550 Capital One:1150 Barclay: 2000 Walmart: 300 Chase Freedom: 500
Message 37 of 55
Chbraswell
Regular Contributor

Re: House Buying Journey

My LO said my loan is with the processor and they are just waiting on my appraisal to send to U/W which should take 1-3 days.  The processor is out today so she will follow up tomorrow.  i'm shooting for 8/15 to have a date! #homebuyerhope

Beginning:Explus 630 eq 573 tu 593
Current: EXplus:677 Eq 642 TU 727
Goal: Explus 700 eq 700 tu 800

Merrick: 1550 Capital One:1150 Barclay: 2000 Walmart: 300 Chase Freedom: 500
Message 38 of 55
Gunnar419
Valued Contributor

Re: House Buying Journey

Man, what an adventure you're going through, and I mean ADVENTURE as in rafting down a jungle river full of pirahnas then coming out into the ocean to find it filled with sharks! Your story should be read by everybody who starts on the mortgage journey as a perfect example of how crazy things can and often do get.

 

Good going on your persistence and good luck. I'm looking forward to reading the end of the story and hope you beat those sharks!

Message 39 of 55
Chbraswell
Regular Contributor

Re: House Buying Journey

ARRGHHH so today the appraisal came in at 80,000 which is 2400 less than my paying price.  So my agent said he talked to the listing agent and they are going to contact the seller.  The previous appraisal came in at 83,000 when the house was in contract with someone else.  I'm trying to stay positve because it's just 2,000 but i dont want them to walk away.

Beginning:Explus 630 eq 573 tu 593
Current: EXplus:677 Eq 642 TU 727
Goal: Explus 700 eq 700 tu 800

Merrick: 1550 Capital One:1150 Barclay: 2000 Walmart: 300 Chase Freedom: 500
Message 40 of 55
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