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View Diary: Thank You President Obama! I was helped by the $26 Billion Settlement. That's why I'm a Democrat! (280 comments)

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  •  Sounds like you're all over it !! (5+ / 0-)

    I just went through the same thing on a new purchase. What a nightmare of paperwork. I wasn't anywhere near as diligent as you because it was a VA loan so I felt a bit more secure about what I was being asked to sign. Nevertheless it was a MOUNTAIN of paperwork and took more than 2 1/2 hours.

    My first appraisal didn't pan out. When I got the report, I noticed the comps were comparing my condo unit to 4 or 5 others with the same square footage but which had balconies 1/10th the size of mine. When I pointed that out, the appraiser agreed and adjusted the appraisal and I was approved.

    I hope everything goes well for you this week. And hopefully, you'll come out the other end saving some money!

    •  Well as I said (7+ / 0-)

      my interest rate is currently 6%, so even a relatively crap rate right now will still be a great improvement.

      I think that's why Schiti offered me such a high rate, figuring I was desperate and didn't realize I didn't have to go with them now that PMI wasn't a barrier to other lenders.

      Why is it that a 3% tax increase for the wealthy is considered "socialism" and an 8% wage cut for the middle class is "doing your part"? MartyM

      by delphine on Sun Apr 22, 2012 at 09:12:39 AM PDT

      [ Parent ]

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