Managing Editor
Last spring, my boyfriend and I made a life-changing decision – we decided to buy a house. It seemed like the best idea; housing prices were down, and the tax credit sounded great. However, we would find out every good idea has a bad side.
At first I thought the process of constructing the land and hiring the right person was a difficult and trying task. There were so many things to be done, and it seemed that more and more money was being sucked out of our wallets.
However, it would turn out that this would be the easy part of buying the home. We got a construction loan from Grand Timber Bank lickity split. Then we started the grueling task of searching for a 30-year fixed mortgage.
At first I entered the mortgage world rearing and ready to go, but after several phone calls of defeat, I hung my head low. There were problems with getting a loan I never even knew existed, such as us not owning the land our house sits on long enough. Who cares? It is ours, isn’t it?
The first three banks we attempted to go with turned into a total bust, and hours of time and stress were wasted with various mortgage brokers.
Then it would seem like we found a needle in a haystack – someone to mortgage the house. WHOOT! But not so fast. … They want to know everything, down to what color socks you’re wearing. (It may not be that extreme, but it felt like it).
I have spent hours going through paperwork, finding the correct documents and sending them on to the bank. Then one day I got that fateful call. “Hi, this is Janice,” she said like she didn’t hold my life in her hands. “I have very good news; your loan is ready to be processed.”
Joy and exhilaration rushed through my body like a title wave, all right before my hopes were dashed again. Janice continued, “But …”
But. … but? “But” may have seemed like a simple word to her, but to me after seven months of this, but was unacceptable.
As to be expected the but meant more work and more money. This time the slab would need to be inspected, and once again the checkbook would need to be pried from my boyfriend’s fingers.
Thirteen minutes and $500 later. The inspector confirmed what I already new, the slab was structurally sound and passed inspection. Bill Dean from Dean Masonry and Concert had come through for me, performing his job flawlessly.
However more buts would soon be …
For the rest of this story and more, pick up this week's Voyageur Press.