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Home Sweet Home. Not So Fast.


One of the reasons that I haven’t posted in a while is because I didn't want to have to write the words, I’m still waiting for mortgage commitment from HSBC. Seeing those words written, as you can probably imaging, is disheartening. I am so emotionally attached to the property and exhausted that we've been in contract for two months and yet haven’t been able to secure a mortgage. I have decorated in my mind, chosen colors for the living room and entry hallway.

 Perhaps it’s a tiny bit crazy, but I strongly believed that this would have been a shorter process.  I am a first time home buyer so I didn't know what I didn't know.  I didn't think that I had unrealistic expectations either. I had already compromise on the ideal neighborhood. I compromise on the cost. I compromise on having a kitchen full of updated cabinets and stainless steel appliances. I compromise on having an updated bathroom. I have watched hours of televisions shows were two weeks after making an offer and going into contract, completed renovation work, the perspective homebuyer had moved in and decorated their property. That’s not the case here.
Last Thursday, a week ago, I resent my mortgage broker my student loan documents showing that I have a year and half grace period to start repaying the loan. I contacted the HSBC mortgage lender on Monday and she stated that she was still waiting for approval from the mortgage underwriter.  This is also the same week that my attorney contacted me; Apparently the sellers wanted to know what the hold was. This was also the week that my Realtor called; she wanted to know why the bank had not been in touch to schedule the appraisal.
I started this blog to journal the home buying process but who knew that I would have gotten so much material.
If anyone else is in the process of buying a home in New York or any other State for that matter, please leave a comment below and let me know about your experiences.
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