Propert XVI (the loan from hell)
I realize it’s been quite a while since I’ve posted about the property. In the big scheme, it would seem nothing has changed. However, a piece of advice to anyone considering building their own home–particularly if self-building: Get the loan figured out early.
We are now at a crossroad. The bank with whom we’ve been working is eternally yanking us around. Many, many verbal “yeses”, then a “we need one more thing.” We are pretty much at a point to say forget them, let’s start over.
As such, we’ve pursued another lender - someone who seems a bit more versed in construction loans. Plus, having been through all we’ve been through the past couple months, we feel fairly well versed in what will be requested of us.
So, with some luck and much diligence, I really hope my next ‘Property’ post will be something new - not “waiting on financing” again.