Thursday, March 31, 2011

Update

We have heard back from 3 of the mortgage companies we supplied applications for. One wanted to charge us $124.00 just to offer up a pre-approval, so we passed. The second we heard back from, but are still waiting to see all the numbers. The third has been very responsive and friendly to work with. They offered us a breakdown of how much it would cost to finance one of the condos we have been looking at in addition to a total maximum amount they will be willing to offer us financing for. That second number is a lot higher than we would even be willing to pay right now. Maybe we could it if we wanted to eat dented cans of meat, potatoes and $.99 loaves of bread for every meal. We have a fourth company that we will be applying with - both of my brothers have (or have had) mortgages with this company so we are excited to possibly be joining the team. At this point, since the application is on paper instead of online (shocker!), we have only made it through half. From what we can tell, it is a lot more thorough than the rest of the applications. We are excited to see how this all plays out.

Next on the agenda is to walk through the properties again. Now that we have the mortgage paperwork rolling, we want to seriously see what is out there and decide what we really want in our future home.

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