Archive | January, 2011

Jump through hoops

26 Jan

That’s pretty much what this PMI company is making us do before they’ll approve us. I had to pay off the remainder of my car lease and basically promise, in writing, that I won’t buy another one.
These bastards have us by the… hoops.
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Dim light, long tunnel….

25 Jan

We’re STILL waiting for our closing date. Almost everything is in place, with the exception of our mortgage insurance (aka the dreaded PMI.)

Yesterday, we got a letter in the mail, a very thin letter. Oddly enough, it brought me right back to 1996 & the college application process, where a thin letter in the mail from a college was not a good sign. Fortunately, I never had the misfortune of getting one of those rejection letters. Until now. We were DENIED by the bank’s PMI company! Needless to say, we are much less than pleased, and are freaking out a bit. Our mortgage dude said everything these days is “normal”, but I’m thinking he told us that to keep us from going into full panic mode. ¬†Regardless, it’s a real kick in the pants since EVERYTHING else was approved and this garbage is the only thing standing between us and our new house!

For those who don’t know what PMI is, (folks who aren’t homebuyers, or homebuyers with boatloads of cash lying around) it’s a type of insurance you have to pay monthly, guaranteeing you won’t default on your loan, if you don’t put 20% down (we only did 10% so we’d have cash available for improvements). So we’re stuck paying that until we have 20% equity in the house. Stinks.

On a brighter note, we do have a couple who seem really into taking over our lease. They can’t move in until March 1st, but at this rate, that may not be such a bad thing. ¬†Plus, it will give us a chance, provided we close soon, to get into the new house to clean and whatnot before moving our stuff in. They still have to meet the landlord though. The last couple that made it this far decided the day they were going to meet the LL, they couldn’t afford the rent!

Speaking of the landlord… he & his wife are coming over tonight to “look around” the house because they haven’t seen it in a while! Hope they’re into all of the improvements we made without consulting them… Yikes.

Neither wind, nor rain, nor snow…..

17 Jan

…could get in the way of our appraisal!

The end is getting near folks! In fact, I was about to blog about the beginnings of our packing, but then received an e-mail containing our appraisal report!!! We didn’t know if it was even going to happen last week due to the big storm, but not only did it happen, but it appraised well, which means we’re done! Finished!! No more wacky stuff to worry about or random documents to provide… Only thing that stands between us and our house is the closing, the date of which is still TBD, but it will be soon, probably in about two weeks!

Fortunately, we actually have started a bit of packing. The Xmas decorations are just about all down, and they’re not going back into storage in the attic, ergo, we’ve started packing! Weak, I know, but it’s definitely a start!

Back to the snowy appraisal… Check out these fun pics that accompanied the appraisal report! I’m not sure if they were required, or the appraisal dude was just proud of him/herself for heading out in the snow!

Snowy Front Yard

Snowy Backyard

Snowy Titus Rd.

 

Check this out too… Since we’re going to have a nice-sized backyard, I really want to plant a garden with fruits, veggies, and flowers. Seems like we’re already off to a good start. A poinsettia grew in the living room!

com·mit·ment

10 Jan

noun \k…ô-ňąmit-m…ônt\

Definition of COMMITMENT

1 a : an act of committing to a charge or trust: as (1) : a consignment to a penal or mental institution (2) : an act of referring a matter to a legislative committee
2 a : an agreement or pledge to do something in the future; especially : an engagement to assume a financial obligation at a future date

Examples of COMMITMENT

  1. The boss noticed her strong commitment to her work.
  2. No one doubts your commitment to the cause.
  3. We received our letter of commitment, and are one more huge step closer to owning our first home!!!!!!!!!!!

WHOOOO HOOOOOOO!!! Now for the appraisal.

To Infinity and Beyond!

7 Jan

Or so it seems….

We received a “Truth-in-Lending Disclosure Statement” in the mail, and naturally keeping in line with the numerous clerical errors we’ve encountered thus far, the listed house number of the new place is one off.

Typical. Then further down in the statement I come across another odd-sounding number. 01/01/41. No idea what the heck that was, just figured it was probably some sort of other misprint. Then it hit me.

I almost fell out of my chair when I realized it’s actually the year 2041! THIRTY YEARS from now! The date of our last mortgage payment! I’ll be preparing to turn a horrifying YOUTHFUL age of 62!!!!!!!!!!!!¬†(a certain someone we know is¬†about to turn 62!)

Gee, I sure do hope we get that second garage added by then so we have a place to park our flying cars!

If you’re gonna do something…

6 Jan

…do it right.

Our future cooking center for our future kitchen.

Imperial commercial 60″ range
6 burners
2 ovens
24″ griddle
“salamander broiler”

We can’t afford NOT to get it!

Happy New Year!!!

3 Jan

New year, new blog layout!

Not too much to report… We didn’t do any packing over our Christmas break, and all of our holiday decorations are still up. We did find plenty of time to relax though! (minus the overnighter for Jer, who plowed through the whole blizzard)

Got a call this morning from our lawyer regarding the previously mentioned “Crunch & Munchers” (termites).

The termite inspection report had come back positive¬†(which is a big negative)¬†for the little buggers, and ridding the house of them will cost close to $1k. Fortunately, our lawyer did some good lawyering and we’ll be getting a credit at closing for bug-banishing purposes!