Wooohoooo! We were pre-approved for a mortgage this morning! We are purchasing a new construction. She gave a choice of locking in 3 or 4 months. She said we could lock in at today's rate (6.75%) for 3 months. OR lock in at 7% for 4 months with the option of floating down if interest rate goes down one month prior to closing. She called the builder while on conference call with me and they said the house may go into September before the house is ready (was supposed to close Aug 25th). She said it was up to me if I wanted to take the chance that they would not finish in 3 months and risk going at market rate at that time. I chose to lock in for 4 months at 7% and hope that it lowers so that I can take the lower rate. ANYWAY, I just wanted to thank each and every one of you from helping me since I joined this board. There is NO WAY we would have been approved for a loan back in Feb. Thank you! Thank you! Thank you! I will keep you all posted.....
congrat's.. details now.. how many sq feet. what type how many bedrooms... i have live vicariously thru you until my turn comes.... lol
Thank you to all that replied! Uniondiva, it is a 4 bedroom, 2.5 bath home. I think is a little over 2,000 sq feet including the garage. We are sooo excited. It will be your turn to get a mortgage before you know it. Take care!
Oh..okay. Maybe the sf that she quoted did not include the garage. We were not too concerned about the sf. We saw the house and loved it. It is roomy enough for us so we weren't concerned about numbers......We just wanted to try to get one before they sold out (they are doing the final houses for the community right now). Thanks for the reply! I will have to ask the sf next time I'm there. Thanks...
