Story: End of march I applied for a mortgage, got a approval and found a house. Made an offer, offer countered then accepted in early April. Sent in all the docs for the mortgage and was told I need to get tax transcripts. After pleading with the IRS they pushed my transcripts through faster for the mortgage company, so they would get them by this week or next.
The broker I'm working with said she would have them start on underwriting the loan prior to receiving the transcripts, but I would have a definite answer by LAST Thursday EOD. We were supposed to close last week but pushed it till end of June encase something got held up. The sellers have already moved and to keep them in contract so I can get the $8k tax credit I am leasing the house from them... as well as leasing my own apt!
Being 3pm on Wednesday, still NO word from the broker. She said they are busy but trying to get me an answer. I'm fucking PISSED as I have to keep spending money on renting the house and my own apartment.
I'm stressing out like crazy over this and I can't stand it. I have no clue now if I have to rent a new apartment or move into this house and I'm running out of time to secure a moving company or find a new apartment.
I was told before I was good to go for this loan, but every time I talk with them, things change and saying they can only use a fraction of my income, blah blah blah. I know the lending market has changed, but for christ sake, just let me know already!!
Plus my GF is freaking out and then I have moving companies, electric and gas calling asking about when to have someone come out, etc., and I have to keep saying "I DONT FUCKING KNOW!!!"
I'm just pissed about how much money I have spent and if I don't get this loan, I am going to be more than heated after selling my car and loosing a bunch of cash, then paying for inspections, lawyers etc.
Word of advice... buy property in CASH
