Should I use a lawyer?

[Nicole]

Wow, I can’t believe how little I know about all this. So, I have a broker, eh? Who knew! Thanks for helping me and not making me feel like an idiot. The information was very helpful particularly all the clarification regarding the different documents- I see what you mean by not confusing the loan docs with the real estate docs.

I called my agent again and had him go through it all again with me to clarify everything. He said that we should be getting an extension of the banks approval in writing shortly. I’m feeling much more comfortable with things and will go straight to the broker if things seem to be breaking down again. This real estate stuff can be quite a roller coaster. The home inspection is tomorrow and there are some repairs being done today from some “minor” termite damage. The termite thing freaks me out a bit. We’re on schedule to close next week.

-nicole
new house hunter

PS – hope you feel better soon SDR

[NotCranky]

“He said that we should be getting an extension of the banks approval in writing shortly.”

If you had already locked your loan find out if this is going to change your lock. Rates have gone up in the last few weeks. If it is going to change your “lock” compare rates and find out how long you have to close and preserve your “lock” if it is indeed lower than today’s rate. My guess is that nobody locked the rate for you … We are talking about a pretty significant difference in your mortgage over several years, depending on the facts.

[NotCranky]

“He said that we should be getting an extension of the banks approval in writing shortly.”

If you had already locked your loan find out if this is going to change your lock. Rates have gone up in the last few weeks. If it is going to change your “lock” compare rates and find out how long you have to close and preserve your “lock” if it is indeed lower than today’s rate. My guess is that nobody locked the rate for you … We are talking about a pretty significant difference in your mortgage over several years, depending on the facts.

[NotCranky]

“He said that we should be getting an extension of the banks approval in writing shortly.”

If you had already locked your loan find out if this is going to change your lock. Rates have gone up in the last few weeks. If it is going to change your “lock” compare rates and find out how long you have to close and preserve your “lock” if it is indeed lower than today’s rate. My guess is that nobody locked the rate for you … We are talking about a pretty significant difference in your mortgage over several years, depending on the facts.

[NotCranky]

“He said that we should be getting an extension of the banks approval in writing shortly.”

If you had already locked your loan find out if this is going to change your lock. Rates have gone up in the last few weeks. If it is going to change your “lock” compare rates and find out how long you have to close and preserve your “lock” if it is indeed lower than today’s rate. My guess is that nobody locked the rate for you … We are talking about a pretty significant difference in your mortgage over several years, depending on the facts.

[NotCranky]

“He said that we should be getting an extension of the banks approval in writing shortly.”

If you had already locked your loan find out if this is going to change your lock. Rates have gone up in the last few weeks. If it is going to change your “lock” compare rates and find out how long you have to close and preserve your “lock” if it is indeed lower than today’s rate. My guess is that nobody locked the rate for you … We are talking about a pretty significant difference in your mortgage over several years, depending on the facts.

[Author]

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