I finally got my mortgage

Got a phone call from banker, she told me the mortgage got approved. This mortgage has been in the hands of the approval officer's hands for a while. He asked for all and everything: tax return, rent roll, current mortgages, properties record across the border. When everything is positive, he accused of my banker why she even took such an application, she should not have started in the first place. At the end, he ordered a full appraisal, which costs a thousand dollars.

All this for a mortgage less than $30K!

And I was told, no more mortgages in this town. My banker said, next time, she can probably think something else, like a personal line of credit, which is not a bad idea. She worked really hard on this one, I really thank her.

According to my plan, I need to buy three more in this town. Beside personal line of credit, I may need to go to a mortgage broker to find out other lenders.

 

 

 

 

所有跟帖: 

oh gosh .that is not worth it.but still good than nothing... -MrsKwok- 给 MrsKwok 发送悄悄话 (0 bytes) () 02/10/2011 postreply 12:05:09

I think it is still worth it. -cultuslake- 给 cultuslake 发送悄悄话 cultuslake 的博客首页 (44 bytes) () 02/10/2011 postreply 13:01:43

haha, here is other good one.. -jy101- 给 jy101 发送悄悄话 jy101 的博客首页 (225 bytes) () 02/10/2011 postreply 12:05:50

hehe, because my city is so expensive, and this mortgage is so l -cultuslake- 给 cultuslake 发送悄悄话 cultuslake 的博客首页 (73 bytes) () 02/10/2011 postreply 13:08:07

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