Quote:
Originally Posted by Jane52
Every time I see the title of this thread starting with "Perils", I think of how misleading this is to people up north who would LOVE to get out of the frozen tundra for good, and finally enjoy life year-round in TV. Our purchase of a home here could not have been easier and we used Citizens for our mortgage.
Going back to what started this, I think the problem is rooted in the writer signing a contract to purchase, and THEN going shopping for interest rates and then finding out when the banks could close.
We found the perfect place, and then we met with Citizens First Mortgage to get Pre-Qualified for the loan, and THEN we signed the contract to buy. We closed 30 days later by overnight mailing of the documents to us, and it's the best thing we've ever done.
I can't imagine signing a contract to buy something over $200,000 (or even over $2,000 for that matter) without making sure I had either the cash or a loan pre-qualification in place to pay for it.
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Jane, my dear, you are a sensible woman and I have no higher compliment than that.
I hope to meet you one day and make you my friend.