We originally were pre-approved and were all set to go. So we began our house search! Found the one we absolutely fell in love with and our offer was accepted (after a bit of negotiation of course). Well shortly after our offer was accepted the lender changed their regulations on us, putting us on the border of being able to complete the purchase. We did jump through their hoops though and made it work out. Then about two weeks ago we 'locked' in our interest rate for the mortgage. We were feeling great and assumed we were 'good to go' since that is what we were told!
Well then today our lender called us with more bad news, more hoops to jump through. Alec and I spent a lot of time looking at everything and have made the decision not to go through with the purchase of this home. This is a huge bummer because we absolutely love this house, but have decided that way to many factors have changed for us to continue forward. It is sad because we were planning on moving in to the house beginning of May and had begun thinking of the changes we wanted to do, however we will have to forget it all and put it past us.
We do plan to buy within the year (of course! we want the tax credit!!!) But are going to wait for now and just stay put in our apartment. Oh well, it has all been a learning experience though and we are much more wiser from it all!
On a happier note: we went to the Bucks vs Lakers game last night which was SO fun! Alec got tickets from work last minute. It was sweet seeing Kobe Bryant play. Too bad the Bucks lost.....not that we really care about either team :)
2 comments:
Aw bummer guys! Don't worry - there are tons of great houses out there! Now you can search with us! :)
Darn! I guess those kids will have to wait ;)
Tell Al he's looking good in that photo.
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