Nerve racking puts it lightly. In the Northeast of the country it's 6.39% one week, 8.0% the next and then 8.9 and 9.23 in the week after that. I figured I'd rather work to pay back bills than to put my house in jeapardy paying them off all at once. Best of luck to you! Now remember, your mortgage company has 60 days to get you a payment book. The government protects you for 60 days that the mortgage company can't give you a hard time for what they aren't doing. So keep in mind, they may say they are giving you a "grace period" but it is a government provided time in which; if they can't get the information of how to pay and where to pay and the payment booklet to ou; you do not have to pay until they get it right. So remember they make it sound like they've done you a big favor if they can't get it together. That's not a favor, and can't be counted as a favor when they say "our one time consideration" or anything like that. I've recently had it happen that IndyMac bank couldn't get it together to know where to put my payment, and get me a pay booklet to make my payment. So it wasn't that they were doing me a consideration that I couldn't pay for 90 days after closing. When they said it was a "grace period" and tried that "one time consideration" stuff when I called I had to set the rep straight. aAlso, find out if your mortgage service company charges you $9.95 every time you call to speak to a customer service person. That is why I didn't accept that their delay of service was a "consideration" as I knew the "grace period" is one that the banking industry wrngled out of the government and i wasn't going to pay just to beg for a place to send my money so my (industry caused) lateness wouldn't show up on my credit report. You do owe all of the money at the moment they get their act together, I guess you've already figured that out. Just something to watch out for.
On Tue, 18 Sep 2007, Jennifer Jackson wrote: > We ended up with 8%, but I honestly was not sure we would close until the > last day. It has been nerve racking, but we love our house. > > > Jennifer > > ----- Original Message ----- > From: [EMAIL PROTECTED] > To: [email protected] > Sent: Monday, September 17, 2007 11:29 PM > Subject: Re: [BlindHandyMan] We got the house! > > > congrats! Many Happy days and memory making to you. > What was your mortgage rate? > The market must have made it a scarey ride. > > On Sun, 16 Sep 2007, Jennifer Jackson wrote: > > > We closed on our house on Friday! We are very excited and incredibly > relieved not to have to start the process over. Thanks so much for > everybody's tips and encouragement during this process. > > > > > > Jennifer > > > > > > [Non-text portions of this message have been removed] > > > > > > > > > [Non-text portions of this message have been removed] > >
