Skip to main content

“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.
Labels:

Comments

Post a Comment

Popular posts from this blog

My Urban Cottage

I’ve finally moved into my first home.  I’m bursting with excitement and happiness to share all my design and décor ideas that I’ve been pinning from google images and home décor magazines for many years. I am now the proud owner of what I’m calling my “urban cottage”, a small three-bedroom, two-bathroom ranch house in New York.  I’m so excited to make this home my dream home.   For the past several weeks the cottage has been under renovations. Within days after closing we realized that there was leaking behind a wall in one of the bedrooms (which wasn’t noted on the home inspection report).   Apparently, there was an issue with the gutters and instead of falling away from the house when it rained, the water was seeping through cracks in the brick façade. Thankfully we were able to identify the source quickly and fix it. Initially, the renovation work was estimated to take about five weeks, however it’s ended up at nine weeks. And as I’m writing this no...
Post a Comment
Read more

I bought a house!

This morning I woke at about 4:00 am and couldn’t return to sleep. I was too happy knowing that in just a few more hours I would get the keys to my new home.   All that was left to do was sign a bunch of papers and this charming home would be mine. Well, I didn’t get the keys to my new home. Last night was the final walk through and to my surprise the sellers were still in the home and hadn’t packed a single thing.   They informed me that they needed more time and that they hired movers who would haul away their belongings on Monday. What? I was trying to be super understanding so I smile and nodded. However, my internal voice was screaming. At the closing, my attorney tld me that I would be compensated for every day that the sellers remained in the home.   On Tuesday afternoon, I will meet the sellers at the home where I will complete another walk through and then will be provided with the keys. Still, I bought a house, a house that I will not have access to for se...
Post a Comment
Read more

Guest Bedroom Reveal!

I have a long to do list for my home. The problem is trying to priorities that to do list. Every item in my home was purchase, from the farmhouse chandeliers in the upstairs bedrooms to the doorknobs. All the door knobs. Furnishing a new home is quite expensive. Even though I am giddy and excited to get this home completely furniture and renovated, I have had to take a step back. I have had to just learn to live in a minimally furniture home.   I love it. I love the bare walls. I love the space.   I love the feel of not having clutter. On my last blog post, I showed some pictures of my kitchen and dining room, Today I want to share a few pictures from some of the other parts of the home. It's not perfect. I still need a dresser and a mirror but those will come in time.  In the meantime, this is what it looks like.
Post a Comment
Read more