Gee, another mortgage broker mistake
My good faith estimate stated I needed approximately $54k for closing. And I believed Forino was going to give me a check for $2500 and $350 for my deposit and application refund.
My mortgage broker emailed me today though with a value of $51k. So I figured the Forino credits must go towards closing, but it was still high by $400... so I called the mortgage broker to try to figure things out...
So, yeah the Forino credits go towards closing. And then she told me the $4,000 credit for going with Forino mortgage was included..... whoa, stop I say! It should have bene $6932 not $4k! So, she agreed and told me she'd have the HUD updated and would then fax it to me. (again if I hadn't called... I would have been screwed at closing).
So that was around 1pm, and around 2pm, the Mortgage Lender calls up wanting documentation that Lockheed had sent me the closing funds and that I had enough to cover closing costs. I sent that to her and asked if she had seen the new HUD yet. She said no, they hadn't sent it to her yet, but she would email it to me when she got it. Great, told her to send it to my home email and I'd get it when I got home. But I was still waiting for the fax from the broker to make sure the #s were correct. Well 5pm rolled around with no fax... so I called the broker... yup she had left for the day. So luckily I had written down her personal cell # a long time ago and called her on it and left a message to call me ASAP, that I had been waiting for her fax etc....
She called me back and I guess the mortgage lender had finished her call with me, then called the broker and told her I was all set and ready to go. So the broker assumed I didn't need the fax anymore.... great.
At least when I got home the HUD was here and waiting... it looks pretty good... a few of their documentation fees are $30-50 higher than they originally said... but at this point I'll pay it.
Also, the taxes and a few other amounts were lowered... so rather than the original $54k I was expecting to pay, I'll only be paying $48k.... finally some good news today :)
Tomorrow is closing.... hopefully things go well.
My mortgage broker emailed me today though with a value of $51k. So I figured the Forino credits must go towards closing, but it was still high by $400... so I called the mortgage broker to try to figure things out...
So, yeah the Forino credits go towards closing. And then she told me the $4,000 credit for going with Forino mortgage was included..... whoa, stop I say! It should have bene $6932 not $4k! So, she agreed and told me she'd have the HUD updated and would then fax it to me. (again if I hadn't called... I would have been screwed at closing).
So that was around 1pm, and around 2pm, the Mortgage Lender calls up wanting documentation that Lockheed had sent me the closing funds and that I had enough to cover closing costs. I sent that to her and asked if she had seen the new HUD yet. She said no, they hadn't sent it to her yet, but she would email it to me when she got it. Great, told her to send it to my home email and I'd get it when I got home. But I was still waiting for the fax from the broker to make sure the #s were correct. Well 5pm rolled around with no fax... so I called the broker... yup she had left for the day. So luckily I had written down her personal cell # a long time ago and called her on it and left a message to call me ASAP, that I had been waiting for her fax etc....
She called me back and I guess the mortgage lender had finished her call with me, then called the broker and told her I was all set and ready to go. So the broker assumed I didn't need the fax anymore.... great.
At least when I got home the HUD was here and waiting... it looks pretty good... a few of their documentation fees are $30-50 higher than they originally said... but at this point I'll pay it.
Also, the taxes and a few other amounts were lowered... so rather than the original $54k I was expecting to pay, I'll only be paying $48k.... finally some good news today :)
Tomorrow is closing.... hopefully things go well.
posted by Nick | 9:41 PM
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