Survival: Waiting until the Closing Date on your New House!

So in less than a month we were pre-approved for a loan and found a house, made an offer, got a counter offer, accepted it, got a closing date and now I’m freaking out…

I’m finding so many reasons why everything would go wrong. I’m expecting something to go wrong. There are so many things that have to go right to make this happen. Quite frankly I think I’m causing misplaced stress to loosen the screws on my dear husbands patience.

We close on October 30th… on the perfect house, the one thats got old world charm, that was built in the 30’s, recently renovated and its exactly what we want. I would be devastated if anything pulled the rug out from underneath us.

Is it always so stressful? Somebody tell me that loans being pulled out from underneath you in the table cloth trick style way and are un-fixable doesn’t happen very often? My loan officer told me to go home tonight and take a xanax.

Secondly, I was offered a new job… I am psyched. I’ll be working at the university with my husband. It’s a bittersweet move. I am really going to miss the people I work with, it’s like I’ve built a second family and now I’m really going to miss them… We’ll do some sort of going away happy hour soon and then on the 12th I’ll start a new chapter in my life and a new house and all of these new exciting things and I still can’t stop being stressed.

Credit, Where Credit is Due

We’ve begun the journey to rebuild our credit. It’s not terrible by any means, but it’s not what we want it to be. I’ve been trolling the FICO forums for a few weeks now and learning all I need to know about debt verification, dispute letters, good will letters, pay-for-delete options. We want to buy a house, very soon,  I don’t know if we’ll make the 8k tax credit but we’re going to do our best. We’re so close to being in an acceptable range – and collections agencies are hell to deal with. Most of it is medical collections so some of those people are being very accomodating for us and it’s great.

We found a house that we love so much but it’s about 15k outside of our price range… That 15k would massively impact our payments and we aren’t going to jump in over our heads. We’re getting really excited about this process and I am a little nervous about what it means to “Shop around” for a good FHA loan.. I don’t want to get locked into a deal that isn’t good and I don’t know where to start. Do I start at my credit union or go to lendingtree.com…? Goodness this is so crazy..

Can I pay somebody to come and do all of this for me? … the shopping around…etc.

P.S. Junk Debt Buyers can suck it…