Wednesday, April 06, 2005
Dang it feels great
As of this moment, dh and I are debt free. Let me back up and explain. I will be the FIRST to admit in the past hubby and I were STUPID when it came to our credit and being responsible with it. We let things go to collections didn't keep an eye on our credit report etc. Last year this interfered with our buying a house. Well better to say completely prevented us from doing it. We had a loan and paid off everything on our report. However 2 items were not listed that popped up this time when we went to apply for a home loan this time (items sold to another company) . However with calls made cashiers checks mailed and official letters faxed back to us... We are paid off. No derrogatory things on our credit report. One thing that was paid of last year was still listed however I even got THAT taken care of!
Our Credit scores were in the dirt. I mean I am amazed we were even allowed a VISA DEBIT card haha. From getting the bulk paid of last year to this year it immensely helped out our credit scores. Our credit score goal?? 720. We want that 'golden' status. Yes we have learned a lot about credit and scores and the like.
Even our two open credit accounts which we were already paying down are completely paid OFF. It is nice to know that it is done there is nothing holding us back. Our debt to income ratio with the car payment (we are not completely free if you count that I suppose lol) and the mortgage payment is at 43% JUST what the VA is looking for!! Whew. We got our credit scores up enough for VA standards also.
But knowing that our credit report is clear is an awesome feeling. Chalking a lot up to a very pricey lesson learned and a mistake that will NEVER be repeated.
So at this moment our package is in front of the underwriter. The person that is currently holding our future in their hands. We have done all we can, humbled ourselves and kicked ourselves in the arse. Our loan guy says he says he thinks we have an excellent chance of getting the final stamp of approval. He is a no nonsense to the point heck can be considered abrasive type. But he will NOT BS you ever. We should definitively know by Monday. My stomach is in knots, I know I am getting grey hairs lol
Our VA appraisal is tomorrow! We do not have to be present for that though. Lets hope they got the front step built!!!
Our inspector is out on leave and we need to get that done too and we need to have that done by Monday. Which I also need to get the letter to the property management folks regarding our vacating this property. But I do not want to jump the gun and end up with no loan and no place to live. I can certainly see how home buying is one of the top stressors ever in your life.
So what am I doing now? Praying. Tying up the scant few loose ends and praying some more.
Our Credit scores were in the dirt. I mean I am amazed we were even allowed a VISA DEBIT card haha. From getting the bulk paid of last year to this year it immensely helped out our credit scores. Our credit score goal?? 720. We want that 'golden' status. Yes we have learned a lot about credit and scores and the like.
Even our two open credit accounts which we were already paying down are completely paid OFF. It is nice to know that it is done there is nothing holding us back. Our debt to income ratio with the car payment (we are not completely free if you count that I suppose lol) and the mortgage payment is at 43% JUST what the VA is looking for!! Whew. We got our credit scores up enough for VA standards also.
But knowing that our credit report is clear is an awesome feeling. Chalking a lot up to a very pricey lesson learned and a mistake that will NEVER be repeated.
So at this moment our package is in front of the underwriter. The person that is currently holding our future in their hands. We have done all we can, humbled ourselves and kicked ourselves in the arse. Our loan guy says he says he thinks we have an excellent chance of getting the final stamp of approval. He is a no nonsense to the point heck can be considered abrasive type. But he will NOT BS you ever. We should definitively know by Monday. My stomach is in knots, I know I am getting grey hairs lol
Our VA appraisal is tomorrow! We do not have to be present for that though. Lets hope they got the front step built!!!
Our inspector is out on leave and we need to get that done too and we need to have that done by Monday. Which I also need to get the letter to the property management folks regarding our vacating this property. But I do not want to jump the gun and end up with no loan and no place to live. I can certainly see how home buying is one of the top stressors ever in your life.
So what am I doing now? Praying. Tying up the scant few loose ends and praying some more.
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Still nothing. Our loan agent talked to the real estate agent... told HIM everything was going great haha we however are clueless ;) We should know Mondayish.
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