Well, the loan closing wasn’t nearly as drama free as we had hoped. We were originally supposed to close on the 15th of March, but our date kept getting pushed back while they worked through the final numbers. When we finally received what was supposed to be our 3-day closing disclosure the critical details were…
Category: Financing
Two steps forward, one step back
It has been a crazy 5 weeks of ups and downs. We kicked off February with getting the lot staked and having the forester mark all of the trees that need to come down to create a defensible space around our property for firefighters. It felt like we were making real progress. Then we started…
Drum roll please – the appraisal is in
Our appraisal finally came in today and now we can let out a big sigh of relief because the value was right where we needed it to be. We heard a number of horror stories about appraisals coming in lower than the construction costs so we were waiting on pins and needles for the appraisal…
Show us the money!
We submitted our construction financing application to Fortis Private Bank and received our pre-approval letter. Now we need to gather all of our documentation and make sure we stay on track to finalize our building contract with Best Custom Homes. We still have to complete our construction drawings with the structural engineer before we can…