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Home > Another hurdle cleared! and new Ordinary Savers post

Another hurdle cleared! and new Ordinary Savers post

June 12th, 2014 at 04:46 am

Whew, we met with the mortgage broker tonight. Although there are a few weird things to clear up (such as getting the additional loan written up as a promissory note; our lawyer friend said he would handle that), the credit and income and retirement stuff is all in order and so everything should go through as long as under-writer is cool with everything and inspection and appraisal go OK. Mortgage broker is very bullish on housing prices in our area, but he's not the appraiser or inspector so we shall see.

We got a nice rate of 3.75% locked in, so if the promissory note payments come in as estimated, our bills may be $100 or so less per month. Due to something with FHA and low rates, we don't have a loan origination fee. Somehow our closing costs came in a shade under $9000 which is what we said the seller would pay up to. (What would we have done if the loan origination fee pushed that over? I shudder to think.) So the good news is the appraisal will be covered in closing costs.

NT couldn't come and had to sign everything at home, so next step is to courier the papers back to the broker. If inspection on Friday goes well he'll schedule the appraisal.

Whew! I'm drained, but there were surprisingly few bumps tonight. This was the scariest of the hurdles left to clear, so I'm feeling a lot better.

Oh, and I did a League of Ordinary Savers blog post this week, about checking bills, receipts and paychecks to save money by preventing human error. Of course I'm preaching to the choir on SavingAdvice, but check it out if you want! Go to ordinarysavers.com (I'm too tired to make a link! Big Grin).

2 Responses to “Another hurdle cleared! and new Ordinary Savers post”

  1. Kiki Says:
    1402546605

    Not only bills and such but I have found errors in my time keeping at work in my favor to the tune of over 150 hours of OT, sick and vacation time. The OT wasn't added in correctly as time and a half and the sick and vacation were sometimes deducted two months in a row or they deducted someone's else's sick time from me.

    Considering a full month is either 168 or 176 hours that is major issues. And HR was pretty blasé about getting it taken care of until I brought in my union rep, the union attorney and thei HR executive staff person. Hahaha! Don't mess with my time.

    The outcome is that I have to go back and audit ALL the time they have entered for me (I don't trust them) so they can take care of this. I hope a new job comes through and want all this resolved.

    When I told our union person and they sent an email to all the union staff in our agency and requested complete records for our staff for the past 5 years so staff can check their time. We have 200+ members of our union at the department so....screw with me and the union will make you do more.

    Reconcile everything always!

  2. ceejay74 Says:
    1402549155

    Nice, kiki! Yeah, I don't think people realize how the burden of proof is on them to even keep the money they're entitled to. Good for you for making it hurt for HR so they'll hopefully be more careful with other people's money (and time!) in the future.

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