22 December 2003
Pass the tenterhooks
Donna's buying a new home, and once she found the place she wanted, what happened next was that strange distortion of the space-time continuum that besets every buyer: the time between putting in your bid and getting a response from the seller seems like approximately 2.3 days for every 24 hours you have to wait. I just hope she slept through it. I know I didn't.
Of course, once that's finished, things seem to happen in a big hurry, though I suppose it's probably still too early to try to wangle an invitation. Posted at 11:17 AM to Common Cents
And if it's your first home buying experience be prepared to give the mortgage broker a blood sample as well as all your financial records for the past millenium or so.
Invitations won't be sent until March-- we don't close until the end of Feb. At any rate, I think my stomach has just digested itself as I grapple with the decision of choosing a mortgage broker. Is it wrong to choose someone because they are tall and have a firm handshake (and wore a striped sweater and a cape)? :-)
I dunno. My loan officer was short and slight and about fifteen years out of style. (Naturally, I found her fascinating.)
In this day of Internet lending, mortgage brokers these days may be taking a break from playing Dungeons & Dragons (or its 2003 equivalent) in Mom's basement.
"Brendan, are you financing risky home purchases again down there?"
"No, mom!" (clears throat because his voice is still changing) "The appraisal came in right on target this time. Honest!"
I mean, you just don't know, do you? And just because the loan goes through and gets sold off to Wells Fargo doesn't really tell you any different...
This would explain much about the endless stream of spams claiming to have the lowest mortgage rates available this side of Tripoli.
Absolutely. I, personally, have never owned property in Bethany, yet I'm still getting spam telling me that I can receive preferential mortgage rates in a location in which I've -never- owned property.
I know that my last post sounds strange.... but how can one receive preferential treatment for owning property in a place where one has never owned property?