Mortgage

[msmemory_archive]

We have a mortgage! The broker just phoned. They will mail the commitment letter today, and we shall have permission to pay many dollars over many years for a lovely new place!

Comments

[tpau]

yay. does this mean it is all a done deal and stuff?

[msmemory.livejournal.com]

Two weeks from yesterday we will all meet and sign papers and exchange checks for keys. That's called the "Real Estate Closing." That's when it's really final.

Pardon my curiosity, please:

[pamelina.livejournal.com]

Does that mean that the seller accepted your lowered offer after the inspection, or did you cave a bit and go up a little?

Does this current plan depend on you selling the Waltham house, or do you go through with the closing regardless?

Re: Pardon my curiosity, please:

[msmemory.livejournal.com]

The sellers accepted our lower offer after inspection, but requested a change to an earlier closing, which we were willing to accommodate. (Negotiate, negotiate, thank God we had a good agent and a good attorney in the process for us.)

We go through with the closing regardless but still try to unload the Waltham house as rapidly as possible. Our mortgage firm was willing to accept proof of listing-for-sale in lieu of proof of signed P&S.

We're going to have movers carry the big/heavy/bulky furniture, but we will start moving things that fit in my car as soon as we can. Anybody at loose ends Thanksgiving weekend should call :) but we are, thank heaven, not constrained to the pizza-for-labor method exclusively.