Mortgages = much scariness
Genevieve and I just survived a session with a loan officer at our bank, wherein we discussed our options for getting a home mortgage with said bank. I should probably say "survived" only for myself, since Genevieve didn't seem nearly so distressed as I did. See, when I wrote the check for my mom's house in '99, that was more or less all there was to it - I wrote a check. Sure, the realtor demanded for some mysterious reason that I put down a nonzero number for projected mortgage borrowings (I threw up my hands and put down $1000), but I don't recall being asked things like what was my great-great-grandmother's body mass index and shoe size, and whether her great-uncle's pet zebra's cousin's former roommate was a hermaphrodite. Hm, that sounds vaguely like Dark Helmet's relationship to Lone Starr in the movie Spaceballs. Ahywho... after recovering from my panic attacks at learning factoids like there are circumstances under which the bank takes over your property tax and house insurance payments, and that if money is contributed by friends or parents toward a down-payment the bank requires a letter declaring that the amount contributed was a gift (which would of course be a blatant lie, as we intend to pay back any such contribution as best we can), I found that we've been pre-approved for a loan. I had no idea that purchasing a house via a mortgage could be so scary!
Thankfully, my wife, not expecting not to be asked things like her husband's hamster's second cousin's underwear waistband size, took the whole thing pretty well. So now I guess we just wait till Monday to see how bad the cheap homes I found online really are.
Thankfully, my wife, not expecting not to be asked things like her husband's hamster's second cousin's underwear waistband size, took the whole thing pretty well. So now I guess we just wait till Monday to see how bad the cheap homes I found online really are.