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I Find Out On Thrusday!

So I called the bank (Credit Union) today, and was told by the loan officer dealing with my application that the bank was ready to approve me for 100K and that all they need is to have the mortgage insurance company sign off on that.

Waiting On The Bank

So Tuesday I got my few questions answers and all the paperwork the bank sent me signed initialed and mailed back to them, so that my loan application can continue threw the process.  I am quite hopeful as from the little that I was told things sound pretty good, which I am happy about but not truly surprised about.   I am however now in the wait and hold pattern while I wait to hear back from the bank.

Beginning To Think It Was A Stupid Idea

So I am seriously beginning to think that my idea of trying to get into the market was/is a stupid one, in no small part to the paper work that showed up today for me from the bank, all of it basically repeats from the the stuff I filled out/approved online, for me to sign so they can begin to process my loan application.  Something that was supposedly happening all of the previous week, amongst the paperwork are documents that seem to require I put the horse before the buggy and some how have a homeowners insurance policy on a place I have not even found yet let-alone have a loan approved to start looking for yet!  Not only that they now want $500 to keep for the pleasure of possibly not approving me, with non of the paper work giving any idea how likely some sort of approval is.   At this point the idea of the whole thing is seeming very stupid and like I should just let it die.  As it is I think I'm going to have to make an appointment to go over this st...