So, in a last minute turn of events, I decided to go with Radius Financial. In doing so, I locked in at the same rate, but will pay fewer points (paid upfront at the closing) for that rate.
An annoying hassle has transpired as a result of getting involved with Bank of America in the first place. Large beast of a corporation that it is, it takes 2 different departments to release my case number with the federal housing administration… the first has a turnaround time of 48 hours and the second 72, and considering we’re supposed to close in 3 business days, this is somewhat disheartening.
Of course, when we close is not as important to me as it would be to some. Though I’ll pay about $22 a day (in my case, based on the loan amount) this is actually the interest-only portion of your mortgage payment. So, you’d be paying this amount added to the principal in your regular mortgage payment if you had closed and were actually living there. Since I don’t have to be out of my current place, it’s basically heads or tails to me.
But I so want to have my housewarming/birthday party on my actual bday, since it just so happens to fall on a Saturday (Oct 11). It’ll be a mad dash to get at least some of the painting done before the housewarming, and move what little furniture I have in, just so the place will look nice when I have people over. Must steam clean carpets, Oxiclean the wood on the terrace, and buy some lamps.
Even if I don’t have the housewarming on the 11th, it’s going to be fantastic to be able to go over there/be in there on my 25th birthday this year. I can still have a bday dinner party, even if I don’t have a table or any chairs, right? You certainly don’t need colorful walls to eat pizza.
<3 Happy Girl
