House update.. BPO guy called.. set up for 5pm. cancelled at 2pm. called at 4 rescheduled for same time.. cancelled at 4:10
Broker called and got in touch w lender. they just want to go with $297k.. Settlmement is $297,500. They rounded down. I asked broker if they would go higher. he said unlikely for them to go over settlement
So cash needed is approximately
$17820 points
$4000 (other costs??)
$1060 insurance
$10000 tax escrow
=
$32880
Talked to my CPA friend .. he suggests I DELAY closing til next month to save on interest.. lender wants to close FRIDAY (maybe they are not aware of extension or have some month end target)
I talked to broker in 30 minutes ish (after I talk to my friend for what words to use) and will ask if we can close in 2 weeks..
Whatever date we close. I will ask my Mom/Aunt for assitance. Aunt had previously 'pledged' $7000 but (as you recall ) loan fell through so never got it. She may help w that again or not.. Hopeful!
I have $30,000 (but can make up tax escrow on next check. you will see I am $3000 short). Tax escrow goes to me.
VERY TIRED. I want to be excited but still rushing around.. excitment will come after the dust settles I think.
More news today. Broker sending letter of intent and then loan docs in morning. I need to pay for insurance and get that set up tomorrow.
BROKER just sent letter of intent and it says 'closing date 1/31 time being of the essence'. I will still request a later closing date.. even next week.. I have taken so much time off work, have the extension and want to extend the time I pay no interst..
More news soon. thanks for the help guys.
House update..done deal?
January 29th, 2014 at 10:47 pm
January 29th, 2014 at 11:48 pm 1391039305
January 30th, 2014 at 12:56 am 1391043413
January 30th, 2014 at 01:30 am 1391045419
I have not heard from my lender after I said I would close the 31st then and fxed back LOI.. I asked him to call the lender back and say the 31st was fine then. I am assuming I have nothing to be concerned about but am MAJORLY KICKING MYSELF.
I do want to be done with this and it is hard feeling like it is 'up in the air again'.. maybe it is not. I asked for 2 weeks. they did not give a favorable response so I said the 31st was fine and faxed the sheet back..so should be back to normal, right
My accountant says not to worry.. I will work on insurance etc in am.
Will feel MUCH better once broker calls back
January 30th, 2014 at 02:15 am 1391048135
January 30th, 2014 at 12:53 pm 1391086437
Working on insurance.. wiring and asking current bank if they have any other things I need to do.. Making all calls by 10am this am!!!