- 7 years ago
- Wedding: November 2010
So we’re buying a house and we’re *almost* there. We’ve had repairs made to the place, gotten a permit for the addition, and put furniture pieces from Ikea on our registry, etc. We’re also 16 days away from the wedding, but I digress.
We’d gotten used to all the hoop jumping involved in getting a loan (and there is a lot and even our mortgage broker says it’s unusually RIDICULOUS), but the other day we got a call that made our hearts stop. Fiance didn’t file taxes the past two years because all of his income was non-taxable (we’ve now had the conversation about filing taxes whether you need to or not) and our real estate agent flipped a lid, saying that we could get sued (and probably would be) by the seller, that he could lose his license, that his company had lost a lot of money on the place, etc. This resulted in my post-suicidal veteran husband hiding his head under a pillow thinking he’d ruined our future and apologizing to me over and over again. Awwwwwesoooooome. Excuse me while I tearfully make him promise he won’t hurt himself, then go sob on his chest blubbering that I need him in order to live. (Incidentally, the thought of suicide never crossed his mind.)
Turns out it wasn’t as drastic as originally thought. Our agents’ tax accountant sent a letter to the lender stating that Fiance filing taxes or not was a moot point so that’s all squared away. They also had me send my tax transcripts from the IRS to the lender for verification of something or other. BUT this afternoon I get a call from our broker and the lender is claiming that there’s a discrepancy of $217 for 2008 and $17 for 2009 between my earnings statement from the IRS and what’s on my tax return. And they want to know why that is. After everything that had happened, I was terrified that this meant they would drop our loan so I asked the broker, “does this mean that they won’t lend to us?” to which the broker let out a frustrated sigh and said “no. You qualify, they’ll lend to you. I have no idea why they’re doing this or why they care.”??????Okay, first, I gave my accountant all my W-2s for those years, and my accountant is awesome so I must have screwed up somewhere but I don’t know where. Second, why does it matter? If they’re going to lend to us anyway, why is $288 spread out from two years ago holding us up?
Then I figured something out.
We’re getting a wholesale loan that lenders only do for brokers, and this particular lender is getting out of the business of doing them as of the end of this month so, in effect, the people processing our loan are working themselves out of a job. So I asked myself, if I knew that once the loan I was working on was finished I’d be out of a job in this economy, wouldn’t I drag my feet? The answer is perhaps I would. I’m not in that situation, so I can’t blame them, but do they have to scare the living soup out of us? We have to be out of our apartment on Monday, which means we were slated to move into our house on Saturday. My cousin very generously gifted us a fridge that is slated to be delivered on Saturday, same with a new washer and dryer that we got on sale, the cable guy coming out to switch us over, and a bunch of our friends helping with the move. Suddenly it wasn’t going to happen. ~STRESS~
Luckily, the seller is a total sweetheart. She knows what’s going on and is willing to rent the house to us until such time as our loan is finalized or we find another lender. We’re taking her cookies and the cleaning deposit tomorrow.
Ugh. I’m so stressed out right now. Wedding planning, not a big deal. If I’d been thinking clearly I would have gone house hunting AFTER the wedding since I’m missing out on the fun of the last two weeks of planning. In a way that’s a really wonderful thing since wedding planning by comparison is pretty dern relaxing. Regardless, the silver lining – as always – is Fiance. He really is my angel.
Who wants to vent about house stuff???