First Home Style

Today, I was still pretty distressed about the mortgage loan denial. But I’ve been trying to put a positive spin on things, maybe it wasn’t meant to be. As I mention yesterday, my attorney had given me the contact information for a new lender who is now reviewing my documents (2 years tax returns, pay stubs, bank statements and student loan repayment schedule and the cooperative financials). At this point, I was looking forward to my HSBC denial letter as is required. After writing that long blog post yesterday, I had mentally prepared myself for yet more bad news from HSBC. But then I was stunningly surprised by the email I receive this Evening.   The email was forwarded to the loan officer from the underwriter and copied to myself and my attorney. The email states as follows, “the borrower provided a document indicating that her student loans are currently in deferment until 2015. A deferment on a student loan for more than one year indicates that the borrower is still in schoo...

Forgive me, as I write this post through a cake fueled haze. I’m an emotional eater. And today, well it has been an emotional rollercoaster. Where to begin? Today I was informed via email that my HSBC mortgage loan application was being denied. According to my loan officer, she was appealing that decision. Several minutes later I received a convoluted email about an unreimbursed employment expense on my 2012 tax return which would significantly decrease my income for 2012. What? I called the loan officer for an explanation. In 2010, I attended graduate school, trying to advance my career in my field. I worked fulltime and was on a three year part-time graduate school track.   I paid for the first year of school mostly out of my own savings and bi-weekly paychecks. It was a struggle. In the second year of grad school, I applied for and received a federal student loan. However the loan did not completely cover the full cost of my tuition and last year I spent $16,000 of my own ha...