Friday, October 12, 2012

We have a Closing Day

I am happy to report that after 4 1/2 months we have a closing day set.  If you read the last blog you know we had a few final hurdles.  Our last big one was the appraisal.  If I understand it right the appraisal must be very near the accepted offer price if it's not it's very difficult to get your mortgage.  Mostly because banks now a days don't want to give a mortgage on a house that is worth less than the loan.  If it appraised for much less we would have to go back to the seller’s lender to get approval on a new price.  Normally that would be fine but we have to get this done before the 28th of October.  Since they took 4 months for the bank to approve our 1st offer we didn't want to risk it going past that Oct 28th deadline.  With all that said the appraisal came in Tuesday and it went great.  

Today we locked in our insurance, and interest rate.  Which apparently are really good thanks to the market crash a few years ago.  Thanks America. 

Next up our closing.  We have 2 weeks until we sign on the dotted line.  We are so excited and feel like God's hand has guided this whole process. 

With all that said now we really have to get serious about a new sofa.  We are thinking an L shaped sectional for our soon to own bonus room.  Anyone have any suggestions?

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