It's ours! ...kind of. :)

So yesterday was a busy day... The sellers initialled the increase, so its all up to the bank and the inspection. So, its ours as long as the stars align.

I signed a Consent to Lock form locking in our interest rate. Which in a way is annoying because we were told our interest rate would be 5.8%, then 5.99% and now when we are actually locking in its 6.125%. I wish we could have locked in a while ago but I guess you can't until after you have a purchase agreement, oh well. Another thing we didn't know - when the rate gets locked in. So Mike signed that yesterday to make it final (they only needed one signature to lock it in) and now its official as soon as he faxes it to her.

We also set up our inspection. Its taking place on Sunday. I think as soon as that happens and it turns out ok, I'll be more excited to tell people its ours. I haven't told many people yet because I'd hate to tell a bunch of people and get all excited about it and then find out the foundation is crumbling or something. You never know with old homes. It will be fun to see the house again and I hope to learn as much about the house as possible from the inspection report. It will be good to know what needs to get addressed first and what can wait. Hopefully there's nothing scary or surprising that comes out of the inspection. We need a ton of copies of it too, so I hope that its not too big. Mike has to fax one to Kevin and we need to give one copy to Loona for loan purposes - glad she mentioned that the last time I was there because she had never mentioned it before.

You know I can understand the City Living Program is ever changing especially amidst the "housing crisis" but really? There's got to be some consistency - there has to be enough that they can give new home buyers a pamphlet of things to expect in the future - Something that tells new home buyers what paper work is due when and what things to expect. A timeline or something. I feel like every time I see my loan officer there's something else she wants that I didn't know was required before.

I feel like even when people know your a first time home buyer people still expect you to know whats going on and to understand all the terms... HELLO - Just because you do this every day of your life doesn't mean I do. Slow down, explain things to me that's what I am paying you to do - I really am getting annoyed by this woman - sign this, send me this - WHY!? What am I signing? It's like she hasn't taken any time with me, I think I deserve that. I was really impressed with her at first, which is why when we heard we could get a really low interest rate and she seemed extremely together and knowledgeable - we didn't check out the Well's Fargo people who have the same program which in the end I am now regretting. Well - At least she's better than the TCF kid - He was a JOKE! "I'll call you tomorrow and let you know what you qualify for." 6 weeks later, he still hasn't called back. *SIGH* No wonder there's so many problems with home loans - there's no customer service - no attentiveness - just come in let me take your money and get out and keep paying me for the rest of your life.

That's why I like Kevin Bosley, he sat down and explained everything to us. We went through the purchase agreement line by line. He stopped periodically to answer questions and was super helpful. Whenever we need anything he's always willing to help. He's been terrific. He's always willing to give us his opinions and suggestions too when we want another person's opinion. I'd definitely recommend him to others.

I am excited for the inspection - Vicki and John recommended with glowing reviews after purchasing the townhouse and their home. So I am hoping for good things from him.

All I know is the faster this all gets done, the faster we get the house - there better not be any delays because we have to close on the 21st at the latest - I am not sending in a new offer.

Lonna ordered the appraisal yesterday so interested to see what its worth. The city of Minneapolis has it listed at $310,000 which is well above what we are paying for it. Mike's irritated that we have to pay a PMI when we obviously have 26% equity before we even buy it. We can get rid of the PMI in 2 yrs but again Mike is irritated because we have to order a new appraisal so the first one is kind of a waste, other than for the purpose of ensuring the bank that the house is worth what we are paying for it.

Ugh, what a pain, at least its all getting done and the last time I talked to Lonna she said we could get it done on time. It better be! I don't think anything else will come up today and with me going to Megan's wedding over the weekend I don't expect to get back to this until Sunday when there will be a full update.