LegatoRedrivers
Sharpshooter
- Feb 10, 2011
- 564
- 18
Ok, so we've been going through this whole mortgage thing for a while now. We got pre-approval for our loan. Then we picked a house, got appraisals and inspections. Then the actual loan approval process. Signed all the paperwork, got word back that we were approved. Our mortgage guy has been telling us for weeks that we'd be in the new house by the end of May. Word was we'd take possession May 23rd.
To give us a little extra time, I arranged for our lease to end at the end of May. They've already got someone lined up, so they were glad to hear they'd be able to get the new tenant in on June 1st.
So this morning I called the mortgage guy just for a heads up on how it was going. He said there was one more paper we had to submit, and we should be good to finish it up and take possession the 23rd. So I send it in. All according to plan.
Then he called me back just a couple of hours ago to let me know that there had been a mistake. The house we picked isn't actually eligible for the loan we'd been approved for. There's another loan that he can get us into, with a slightly lower interest rate but slightly higher insurance, meaning it'll cost me $50 more per month. Said that if I want to go ahead with the new type of loan he can get it set up, but it might take a little longer. Might take until the end of June.
The end of June. We're out of our lease at the end of May. What the heck are we supposed to do for a month while we wait for you to fix your mistake?