Today I got an email from my attorney enquiring if I had secured a mortgage commitment as yet. Sadly, I had to respond, no. It is a reasonably question to ask when you consider that I made an offer on the home on May 3 rd 2013 and we went into contract at the end of May. Everything else from here on in should have gone smoothly. I thought wrong. Having never purchased a home before I didn't understand the process. I assumed that because I had a 10% down payment and good credit that would be enough. I even completed a first time home buyers class, at HSBC’s request, at a community organization and received a certificate of completion. This class cost me a nonrefundable fee of $75. The community organization wasn't all bad and I don’t want to give the impression that they did not assist. They helped me to apply for a down payment assistant grant. I am truly grateful for that. Still, here I am six weeks later without a mortgage commitm...
Hello, I’m Marissa, a Brooklyn, NY based blogger and homeowner.