Friday, December 5, 2014

Waiting game

Not much news to report. We submitted our paperwork to NVR and are just waiting on our preapproval. Our SR said it can take anywhere from a few days to months. Hopefully it won't be much longer.

In other news, our SR has sold a bunch of houses lately, including the last Calvert on our block. So, building should start mid- January. Hopefully we will have our preapproval letter by then.

It's very hard to get excited about building a new house when you haven't been approved for a mortgage yet. Everyone keeps telling us, "Your ratios look good!... You should be approved!" But what if we don't get approved? Do we lose out on the incentives that we get for use of the NVR mortgage? Maybe I should talk to our SR or maybe I'm freaking out over nothing. I guess only time will tell... But I want it now!

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