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.

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