Skip to main content

Commitment At Last?

I’m feeling extremely anxious.  I’m nervous waiting for a mortgage commitment letter from my new lender.  I guess it’s a case of once bitten twice shy but I can’t shake this feeling. I’ve felt a lot of emotions since I started this home buying journey, but this feeling is very different to any I’ve had before. It’s a type of nervousness that comes with nausea and a slight headache. I’m physically ill thinking about whether or not I will be approved for a mortgage.  And the humidity here in New York isn’t helping either.

Yesterday I paid $445 for the property to be appraised (though the appraisal has not yet been scheduled). I also paid $12 for a credit check. Today I fax signed disclosure documents to the lender and now all I have to do is wait.  I’m exhausted. I don’t think I’ve had a full night’s rest since the first application was denied.
My loan officer believes that we will hear something back as soon as this week. My loan offers knows of my history with HSBC and has been surprisingly reassuring. Of course he’s not the final say so in this process but he has been able to listen to my concerns and offer feedback. Another difference with this loan officer than with previous loan officer at HSBC, he responds to my emails and telephone calls.  My application is now in underwriting. Here’s hoping that by week’s end I will have good news to share.
Labels:

Comments

Post a Comment

Popular posts from this blog

I'm Still Here

When I started this blog a year ago, I was in contract on a two bedroom cooperative in Brooklyn, NY. I was very enthusiastic about getting the property and I started planning my design strategies. A year later after being denied by the coop board for the property, I have taken a bit of a break from my home search. I will still update the blog from time to time. However, I am less enthusiastic about the property search and haven't really seen a coop that grabs my attention like that first apartment did. There are certain things that I do not want to compromise on such as location, price and bedroom space. I haven't become a homeowner just yet but I haven't lost all hope of that happening. It just may take a longer time and I'm ok with that.
Post a Comment
Read more

Money, Money, Money

Home-buying can be emotionally draining and stressful process. More than the process of searching for a home, making an offer, waiting for the seller to accept or counter your offer and then applying for a mortgage, I’m finding the financial to be the most stressful of all. For years, I have diligently saved and deprived myself certain luxuries in the hopes that I would someday become a homeowner. But now here I am writing the check for down payment, handing over what took me the greater part of two and a half years to accumulate. And then after that, there is the closing cost which is another huge chunk of change. As we get closer to the closing day, I find myself in a mini-panic. The money that I’m using to pay for my down payment and closing cost could actually afford me a three-bedroom, one bath with a finished basement and back yard in Pennsylvania. I could have bought a home in Pennsylvania for cash! It’s a little vexing that as a first-time home buyer in Brooklyn, NY, my home
Post a Comment
Read more

Choosing Paint Colors and Patterns

I’m always impressed by the way that furniture stores layout furniture. The photo above was taken at a Macy’s furniture store a few years ago.  The brass bed frame, dark wood armoire and end tables are all part of the Martha Stewart Turkey Hill collection. At the time this photo was taken, this was the look that I wanted for my dream bedroom.  My tastes have changed ( for the better I hope), but I still like the gray blue color on the wall. Over the last few days, I have been thinking a lot about paint colors. I thought, I had finally decided on a light blue paint color for the living room. But then I changed my mind. I have narrowed it down to the following: This is the sky light view paint from Valspar. It was my first choose but then I thought maybe I should try something darker. This is the twin cities paint. Then I wanted something blue and found this Silver Dusk color I like patterns and I have been thinking about doing a stenciled accent wall in the livi
Post a Comment
Read more