I’ve been busy the past couple of days with a lot of reading and paperwork; we’re almost there, almost at the finish line, but things just like to pop up and slow you down.
We put an offer on our first house on February 2nd, with the end of the month as our target for closing. In our contract, we are given seventeen calendar days in which we can pull out of the deal without losing our good faith deposit (we put 5% instead of the traditional 3% to show we’re serious buyers). The loan must also be approved within the 17 days or the deal falls through. The end of those 17 days is approaching quickly and we still haven’t had much response from our lender!