Tag Archives: homebuying

Waiting Game Again

Are we really playing this waiting game again? I think so… UGH! I’ve never bought a house before and we’ve never gotten this far into the home buying process in the last 2 years. Mostly because Kevin didn’t make a sizeable enough income to support two mortgages. Now that Kevin does make enough income; without using his overtime or per diem, I’ve been able to really get some insight that I didn’t have when we tried to start this journey.

Once we realized that Navy Federal Credit Union was unable to get their figures correct, provide us with the proper information or get the information I had given them correct that we would be using another bank. So we decided on Wells Fargo. Our buyer’s agent hooked us up with her mom, who just so happens to be a mortgage consultant at Wells Fargo. So We’ve been getting great service from Wells Fargo. I truly can’t say good enough things about Wells Fargo and our mortgage consultant.

This waiting game again, is really getting on my nerves. Right now we’re waiting on the VA Appraisal. Once that is submitted, as far as I know the underwriting department looks it over and decides if the house is worth what we’re paying for it, if not then we’ve got to start over and we’ve already put about $1,300 into this process already. Fees that we don’t get back if our contract goes to shit!

Right now, we’re on business day 8 out of 10. So hopefully by Monday the VA Appraiser has done their job and writes up their report and submits it to our bank before the close of business on May 20, 2016. With a VA loan there are certain stipulations, for example ALL of our documents have to be in our file for 14 business days before we can go to closing. That means all the inspections (pest/termite, water test, VA appraisal) and all of our income related documents, our bank statements, etc. I honestly think that the process may have been easier if we hadn’t used Kevin’s VA loan. But then we would have need at least 3.5% down for a down payment. Which right now, just wasn’t possible for us, so we just went with the option that was best suitable for our family and our financial situation.

I will say that it hasn’t been a horrible process now that we’ve chosen the proper bank for us. Right now, we have our conditional approval. Just waiting on the paperwork from the appraisal to be uploaded and then play another portion of the waiting game again!

It’s a rough spot to be in, mostly because we’ll be leaving for the East Coast shortly before closing and with either stay with my sister or just go visit friends in Virginia that are still active duty. Until we close we’ll be in limbo. So we’re really trying to wait until the last minute to leave here and head to the Maryland/Virginia area.

Man, I still think about all the times I said I hated the Virginia area and how much I wanted to be back in Maryland. I guess I felt so isolated from the “real world” when we lived on base. But now, I’m chomping at the bit to move back. I can’t wait. We’ll be close enough to visit family again. I’m dying for the family interaction again.

Well I’m headed out the door to go get some milk. I forgot to buy some yesterday while I was grocery shopping. I was so focused on getting out of the store without wanting to rip my hair out. If anyone has young children, they you understand my dilemma when it comes to shopping with them. Their hands are always touching things, they want to whine and cry, ask for things I haven’t paid for yet, etc. So I rushed and missed a few things I needed.

In the meantime, wish us luck and that this appraisal process is quick and painless.

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Waiting Game

The next month or so is going to be a waiting game. Why? Well keep reading to see what the waiting game is all about.

For those that haven’t stopped by our blog before, let me give you a little background on our family.

We’re a family of 7 with a dog and 2 cats!

My husband, Kevin was a United States Marine for 10 years, he was honorably discharged in September 2014. He spent a year working for a small construction company, the pay sucked and the job itself wasn’t much better. But the owners of the company were great people. When I found Kevin’s new job and he accepted the offer, he gave his two weeks. They said if things with his new job didn’t workout, he was more than welcome to come back. They still text him every so often to say they miss him. He’s now been at his new job for almost 4 months. He loves his new job, while it’s not the same type of generator work that he was doing in the military. Job is great, co-workers are great, and the pay is phenomenal. He spends a lot of time traveling, but it is part of the job.

We have 5 kids (three are from my 1st marriage; that ended badly). They’re all under 12. Our house is always crazy. Someone is always doing something too loud, too messy, or too slowly. We’re looking forward to being back on the East Coast, as soon as possible. We’re trying so hard to get our lives together after the Marine Corps to give our kids the best. We have occasionally struggled to make ends meet because we support not only our children, but a house in Maryland that my in-laws live in. My in-laws are finally getting back on their feet, so we’re almost to where we need to be in order to purchase our dream home. No need to damage my husband’s credit by letting his first house get foreclosed on.

This tax season, we were planning on paying off debts (as many as we possibly could). Well we had to change some things around and decided to get all our credit card debt under control. We are just under 25% utilization between all of our cards (we have a lot, lol).

So to get back to the topic of this post… we’re playing the waiting game with our credit scores. Now, before you jump to conclusions we both have good credit scores, we’re just waiting for them to get better. The better the score, the better the rates we can get for a mortgage.

So we’ve got to wait until our credit reports update with all the proper account information. Until then, we’re still going to make more than our minimum payments until our cards are paid off and we’re going to put all of Kevin’s overtime pay into our two savings accounts (only one has online and access via debit card, the other requires Kevin to go to the bank to deposit while he’s in Virginia).

I’m not sure what is worse… the “two week wait” when finding out if you are pregnant or not… or waiting for our credit reports to update.

This has been a long time coming… We’ve just been waiting it out for the last year. We attempted to purchase a house in 2014, but with all the other issues (not getting rent money from his family) we had to put our dreams on hold. But this is a much better year financially and this is the right time for our family to do the things we want to do.

Well enough random ramblings. I’ve got to go do laundry and dishes. The life of a stay-at-home mom/housewife are never done! But I wouldn’t change this for the world. The freedom it allows us, as a family is awesome.

Well I hope everyone has a wonderful weekend. The kids and I have some science fair projects to do.