This is probably the most stressful part of this whole ordeal and by far the one that I've read people have had the most issues with. My wife and I walked in to this meeting basically expecting the worst. You know the deal, bait and switch, promise one thing then slide something else in at the end, etc, etc. To our surprise, we encountered none of that. Our appointment took place March 6, 2015 at the NVR office in Williamsburg. Our loan agent, Shane, had sent us a welcome letter before our meeting that welcomed us to NVR and outlined in detail all of the information that we would need to bring with us to our meeting. Thankfully my wife is very organized and diligent in her file keeping so she was able to put everything together pretty easily and neatly which I am sure lead to how smoothly things went.
We had a whole bunch of questions about the whole process, we bought our current house 10 years ago and many things have changed in the lending world between then and now. Another issue that we have is that we are still living in our current house and wanted to set up the mortgage to not be contingent on the sale of our current home. We do plan on selling it and are hoping to have it sold before closing on the new house, but we wanted to get the ball rolling with Ryan Homes since it's new construction and will take time to be built once we get the required approvals and all. Shane was extremely helpful without giving us the impression that he was out to get over on us. We were very upfront with him over what money we had to work with, what our expectations were and what type of payment we were looking for. He went over all of the options that were available to us and how they differed between the upfront costs due at closings to the mortgage insurance and so on. He also went over the best way to structure our loan to take into account that we haven't yet sold our current home and the ways we could change that down the road if our house does sell before closing.
All in all it was a good experience. We gained a ton of knowledge and left feeling like we were where we wanted to be all the way around. He ran all the numbers through the system and everything came back ok so now we wait for our official approval. In the meantime we have our 14 day meeting, our flooring meeting and our structured wiring meeting, on top of the meetings with our realtor to get our house on the market and hopefully sold. Oh yeah, and we also have to clean/de-clutter/touch up our current house, all while we both work full time and raise our son.
No stress there lol.
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