Friday, May 22, 2015

Building progress

Construction is already underway and the house should be finished by mid July. The trade rough-ins start next week so things are coming together nicely.
On the loan side of things, just one last thing to clear up. It seems getting everything together and sending all at once helped with the process as we should be locking in our rate next week.

Tuesday, May 5, 2015

Mortgage Approval Update

It has been 2 weeks since I submitted the laundry list of items that NVR needed and the letters of explanation for various things, and I have not heard anything back about extra letters or documents.  Keeping fingers crossed!!!

What could be a good sign of things to come is that our loan office sent me over an update GFE and TIL that will be pretty close to the final version.  The best part is that we should be getting some cash back at closing and this is even after most of the fees and escrows are estimated on the high side. Also, we should be able to lock our interest rate in a couple of weeks, so that tells me that we should expect a smooth sailing from here on out on the loan side of things.