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Surviving Mortgage Underwriters and Small Budgets

Buying a home been has frustrating process and one I hope never to repeat again. Today, I heard from my mortgage company that the underwriter doesn't want to move forward on the mortgage unless they receive a letter stating the amount of monthly payments on my student loan. Frustrating. I had to contact Sallie Mae again for yet another confirmation letter.

Sometimes, I feel like a headless chicken with all the running around that I have had to do. Last week the mortgage underwriter wanted to know why there was a discrepancy between my annual income for 2011 and 2012 and my projected income for 2013. And by discrepancy, I mean a difference of about $12 on my monthly income. I had to write a letter explaining that I was due a “cost of living” increase at my job.  I’m trying hard to remain patient. I just want to get to closing.

In other news, I’ve been thinking a lot about what I want this blog to be about. I’m not a particularly crafty person and I can’t teach you how to reupholster a chair. I like to buy my furniture readymade. About the only creative thing that I can do is paint.  So after watching an episode of The High Low Project, I think I’ve got a solution.  For those who haven’t seen the show before, Sabrina Soto designs a room in a client’s home with all the bells and whistles of their fantasy space (the high). If the client likes the look, she recreates it with less money(the low) to prove that you don’t need a large budget to decorate a room.
Unlike some of the clients on the show, who can spend $4000-$5000 on one room, I have a more modest budget. My budget for the entire coop is $3500. Included in this small budget is the furniture, paint, and accessories (stencil, curtains, mirrors, rugs, candles, etc) in my new home. That is $3500 total for the two bedrooms, dining room, living room and bathroom. I’m not including the kitchen because as I've mentioned before, it’s a huge renovation job that I’m estimating to cost a pretty penny. Really $3500? Yes and not a penny more. Can I do it? I guess you'll just have to wait and see.
In the video below Sabrina Soto talks about decorating on a budget.

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Welcome to My Blog!

Hello, my name is Marissa. I’m new to blogging. I don’t have a degree in design and I’m not a professional decorator. I just love decorating.
I love home improvement and design shows. I love HGTV and 
My favorite shows are House Hunters, The High Low Project, The Property Brothers, Love It or List It and Property Virgins.
I’m also in the process of buying my first home, a cooperative apartment in Brooklyn, NY. Buying a home is a giant step but it’s also an expensive one too.
I have big plans for my first home. However I'm now realizing that most of the work I planned for the home, I can't afford.
I have been looking for a home for several years, but seriously looking for about a year. Most of my friends live in Brooklyn. I live and work in Brooklyn so it only made sense for me to stay here. But Brooklyn real estate is not cheap.
My Coop wish lists were: a two bedroom apartment, with lots of closet space, natural light and windows in the kitchen and bathroom. I…