So, Tuesday we sit down with our builder after being told we would be just fine to go ahead with our build and the day after all the papers are signed it all unraveled. No wonder everyone says to buckle your seat belt when building a house. We've been calling and talking and talking and calling people all over the place. When Jaret and I decided to look into buying a house the first thing we did was go get pre-approved. Our lender pretty much said, "here's your number, go shopping". Welp, we got to the cash register and found out that our money had deflated. The RD loan we were going to use to buy our house changed; where it once didn't require mortgage insurance it now does. On top of that there's some 2% Guarantee in the closing costs...whatever that is. Does this affect our buying power? YES! "Oh, and by the way, if you are on probation at work we can't give you a loan until you're off". WHAT?!!! Can I tell you the anxiety I've been feeling the past few days?!!! Come to find out and lucky to hear, there is no formal probation for Jaret's job. Whew.
Because our buying power is affected we qualified for less than what we worked out with our already gracious builders. We had already signed the paperwork and the builders were ready to get the plans approved and buy the lot...but with these changes we can no longer get a guarantee that we will be approved now. Everyone's nervous. Yesterday, I was sure we were going to lose our earnest money and worst of all respect from our builder. Forget the money, we can recover from that. I don't like looking like I didn't do my homework, especially when it affects a friend. (The builder/agent is a friend) Nevertheless, she's been awesome about the whole situation. She called me this afternoon just before I was about to meet with another lender only to tell me that the lot that we picked is going to be bought by someone else at 2pm today...and she hasn't been able to convince the financer on her end to buy it without us knowing more about whether or not we can get approved. WHAT?!!! I'm freaking out now. You're telling me that of all of the open lots that have just been sitting there without an owner in the last year, someone else wants to buy the exact same lot that we want in the same weekend?! No way. Jaret told her to go ahead and get it if she can convince the financier. She said she would do what she could.
Anyway, Jaret and I met with people, and it looks like we should be able to get a loan for what we need. I chat with my friend and she said it looks like things should be alright...I don't know what that means exactly but I'm just going to take it. I tell ya what, I am still feeling anxiety and I am not a fan. I can now see why it is not as much fun to build as it should be. You can't even pick out a trim and enjoy it because you don't even know if it's going to be yours!
I'm freaking out and I don't think I've felt anxiety quite like this before. My friend Tasha was at the house when I got the news that Jaret wouldn't have to worry about probation at his job. When she came over I was in a terrible mood and had a whole lot of anxiety. When Jaret let me know we were in the clear it was like handing candy to a toddler in a tantrum. I was suddenly happy and cheery again as if there was never a problem. Is it legal to act like that at age 28?
Anyway, we think it should work out for the best. We prayed about it and felt good when we made the decision to build this house. If it's meant to happen it will. I'm not going to lie though, I wouldn't mind having the answers sooner rather than later.
On a happier note, I'm excited about the exterior color! Iron Grey, with bright white trim and a spiceberry door and peaks (aka. dark grey house, white trim, red peaks) ! I think it should look nice!
Yay! We're building a house!...I think...
Because our buying power is affected we qualified for less than what we worked out with our already gracious builders. We had already signed the paperwork and the builders were ready to get the plans approved and buy the lot...but with these changes we can no longer get a guarantee that we will be approved now. Everyone's nervous. Yesterday, I was sure we were going to lose our earnest money and worst of all respect from our builder. Forget the money, we can recover from that. I don't like looking like I didn't do my homework, especially when it affects a friend. (The builder/agent is a friend) Nevertheless, she's been awesome about the whole situation. She called me this afternoon just before I was about to meet with another lender only to tell me that the lot that we picked is going to be bought by someone else at 2pm today...and she hasn't been able to convince the financer on her end to buy it without us knowing more about whether or not we can get approved. WHAT?!!! I'm freaking out now. You're telling me that of all of the open lots that have just been sitting there without an owner in the last year, someone else wants to buy the exact same lot that we want in the same weekend?! No way. Jaret told her to go ahead and get it if she can convince the financier. She said she would do what she could.
Anyway, Jaret and I met with people, and it looks like we should be able to get a loan for what we need. I chat with my friend and she said it looks like things should be alright...I don't know what that means exactly but I'm just going to take it. I tell ya what, I am still feeling anxiety and I am not a fan. I can now see why it is not as much fun to build as it should be. You can't even pick out a trim and enjoy it because you don't even know if it's going to be yours!
I'm freaking out and I don't think I've felt anxiety quite like this before. My friend Tasha was at the house when I got the news that Jaret wouldn't have to worry about probation at his job. When she came over I was in a terrible mood and had a whole lot of anxiety. When Jaret let me know we were in the clear it was like handing candy to a toddler in a tantrum. I was suddenly happy and cheery again as if there was never a problem. Is it legal to act like that at age 28?
Anyway, we think it should work out for the best. We prayed about it and felt good when we made the decision to build this house. If it's meant to happen it will. I'm not going to lie though, I wouldn't mind having the answers sooner rather than later.
On a happier note, I'm excited about the exterior color! Iron Grey, with bright white trim and a spiceberry door and peaks (aka. dark grey house, white trim, red peaks) ! I think it should look nice!
Yay! We're building a house!...I think...
1 comment:
UGH. Sorry things went unexpectedly crazy! That's never fun. Hopefully it all works out though. And the color scheme sounds A-MAZING :)
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