The Mortgage

Next we had to meet with a Mortgage Consultant. The person we met with was named Mary Ann Chanler who works for a company called Mortgage IT. This was very helpful because mortgages are CONFUSING. She answered all of our questions and helped us find the best interest rate that we could. We brought some of our bank statements, pay stubs, and tax returns so that she could give the bank all the necessary information so they could approve our loan. She also gave us a worst-case scenario of what our closing costs would be. It was a very good thing that she did this, because we realized that we would probably have to make a smaller down payment than we thought. Finally, once we felt we understood things as best as we could, we signed an application for a mortgage. Now that all the information has been submitted, we need to wait for it to be processed. From what Mary Shelsby has told us, not much will happen from here on out, until we close. But don't worry, we'll keep you updated with anything that comes up.