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“all good things comes to those who wait”

Is it odd that though I haven’t got a closing date, I have already chosen paint colors for my new home? Forget closing, I haven’t even gotten a mortgage commitment as yet.  Like I have mentioned before, I have chosen to focus on the more positive aspects of homeownership than on the things that are out of my control, such as the underwriting process. As frustrating as the mortgage process has been, there is no doubt in my mind that I will not receive the approval. This waiting is just part of the journey.  Most things now appear to be so instantaneous (we get emails and text messages on our cell phones. We can track the arrival of the buses and trains on an app) that we have become accustomed to having everything right away. But there seems to be something for that old adage, “all good things comes to those who wait” or “patience is a virtue”.  I’m trying to put it all into perspective.
This morning at about 9:20 am, I received a forwarded email from my attorney regarding the lack of loan commitment. The buyer’s attorney wanted to know the status. I was at work and in the middle of doing something important though I was immediately overcome with worry. At around 11:20 am I phoned my HSBC mortgage loan officer. She answered the call and we had a brief conversation about my concerns, she stated that she knows I must be frustrated and she will call me back in 15 minutes. 15 minutes came and went. There were no telephone calls. No emails. Then at about 2:30 pm I called her back and left a very detailed message asking her to return my call. Then I called again and conveniently received her voicemail. Still there was no call backs, no emails. At this point I was quiet annoyed. My realtor texts me to let me know that she has also contacted the loan officer and have not received a call back. The realtor was concerned that she wasn’t contacted about the appraisal yet the file was sent to underwriting. I texted her back, “does appraisal happen before underwriting?” She replied “yes”. Now, I was worried. What type of incompetent bastards was I working with at HSBC?  

I called my counselor from the community organization, which had assisted me with acquiring down payment assistance and he tried to calm me down from off the ledge. He quickly shot off an email to the loan officer to respond. So here we are now. More waiting and no mortgage commitment.

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