A Stressful Week: Moving, Finalizing Mortgage Approval And Two Closings In One Day

Saving money on stressful week moving finalizing does not need to be complicated. Here is a clear, no nonsense rundown of what works and how to make the most of it.

Key Takeaways

• Packing Up Our House & Moving Probably the aspect that took the longest throughout the process was just packing up our old house.
• It’s impressive how much stuff you accumulate over the years, and we had considered having a large garage sale before we moved.
• In the end we just didn’t have time to do that.
• We had plenty of boxes to pack with, but we ran out.

Where the Real Savings Hide

I took the whole week off of work last week so that we could complete the process of moving and closing the sale and purchase on our old and new homes.  I think I may have worked more in those few days, than I normally work at my day job! Worth noting: we started packing up the house about 3 weeks before the large move.  We got leftover boxes from friends who had just moved, plastic containers from other friends, and boxes from friends and neighbors.

• We ended up purchasing about 10 more moving boxes when all was said and done.
• We finally finished packing up our stuff the night before our large move.
• More importantly, i’m not sure I ever wish to move again.

A Closer Look at Stressful Week Moving Finalizing

Getting Final Mortgage Approval Even though we had moved all of our stuff to the new house the weekend before the closing, that didn’t mean the hard work was done.  We still had to get to the closing and ensure that we had final approval on our mortgage. We got a excellent rate on our mortgage through Roundpoint Mortgage, and there were no closing costs to speak of.  Overall we got a solid deal on our mortgage.

• The only problem is that during the process the communication coming from the mortgage company wasn’t highly solid.
• Remember that at one point we went two weeks without them returning my call.
• After we had applied and got initial approval on our mortgage at the end of June, we went all through the month of July without getting final approval on the mortgage.

What to Know About Stressful Week Moving Finalizing

They kept asking for further documentation for the loan underwriters, and just when we thought we were done they would ask for 3 or 4 more aspects.  Admittedly my situation, having a bunch of self employment income, complicates the loan approval a bit. I receive plenty of small, medium and large checks in payment for advertising, affiliate income and so forth, and they kept wanting proof of where the money was coming from.  Each time they asked, I supplied them with proof.

• As a rule, finally the week of the closing rolled near, and we still hadn’t gotten final approval.
• The loan underwriters asked for 4 more pieces of documentation about deposits that had been made in my accounts, and we provided it.
• Then we had a final appraisal inspection on the house, which went fine.

How Stressful Week Moving Finalizing Really Works

Finally 2 days before the closing we got final approval for our mortgage, and all the documentation was sent to the closing company. In short, two Closings In One Day While we were dealing with getting final mortgage approval I was also talking with the closing and title company all week since we had two closings in one day on the Thursday of that week.

• Plenty of people will say to avoid doing that if you can, and while I agree it can be stressful, we kind of had to do it that method this time to get approved for our mortgage.
• Our old house had to be sold before our new mortgage would be approved.  We had issues with the sale of our home previously when our home had a low appraisal, but luckily our appeal of the appraisal was successful.  The sale would go on.
• All week I was filling out forms and sending them to the title company to speed up the closing later in the week.

Getting the Most From Stressful Week Moving Finalizing

Worth noting: when the day of the closing rolled near we had back to back closings from 10:30am-noon. The first closing went off without a hitch.

• We signed a few papers, handed over the keys and garage door openers and gave the new owners the run-down of their new house, the association, when garbage day is, etc.
• The second closing, the closing on our new house, went pretty quick as well.
• More importantly, since the builder was my wife’s parents there wasn’t as much paperwork as is typical.

Tips That Make a Difference

We still had to sign about a thousand pages of documents, and confirm that everything looked correct when it came to the mortgage documents. When we were done, we had sold our old house and came out of it with a decent check (despite seeing our home value drop over the past 7 years), and then bought our new house with a 20% down payment.  The closings were done, we were moved in and the mortgages were all set to go.

• I can’t tell you what a relief it was to have all of those aspects done!  It was a weight off my shoulders!
• Remember that stressful Process, But Worth It After all was said and done we ended up with a beautiful home built for us by my wife’s parents, we got instant equity in the home since of the impressive deal they gave us.
• We also ended up with a excellent rate on our new mortgage with no closing costs - and sold our house for enough to come out with a check at closing.  That’s more than most folks can say.

Common Mistakes to Avoid

The process was stressful, but in the end it was worth it. Have you been through the home selling and purchasing process recently?

• As a rule, how did it go for you?
• Going Through The Mortgage Approval Process: Providing Documentation, Waiting And StressGoing through the mortgage approval process can be a stressful process, especially when you're also trying to sell your current home.
• Here's the process as… Mortgage Quotes And Costco Discounts From CapWest MortgageCapWest Mortgage is a subsidiary of Farmers Bank & Trust, founded in 1907 as a small local bank in a central Kansas town.

Is Stressful Week Moving Finalizing Worth It?

Are they… Mortgage Bail-Out For Homeowners Struggling To Make Mortgage Payments: The Emergency Homeowner Loan ProgramThe government has just launched "The Emergency Homeowner Loan Program" which provides assist to those struggling to make mortgage payments.

Frequently Asked Questions

How can I save money on stressful week moving finalizing?

Compare prices across a few retailers, look for active coupon codes, and time bigger buys around sales events. Worth noting: we started packing up the house about 3 weeks before the large move.  We got leftover boxes from friends who had just moved, plastic containers from other friends, and boxes from friends and neighbors.

Is it worth shopping around for stressful week moving finalizing?

Usually yes. We ended up purchasing about 10 more moving boxes when all was said and done.

Smart Ways to Save More on Stressful Week Moving Finalizing

• Stack a coupon code with an existing sale whenever the store allows it.
• Sign up for the retailer newsletter to catch first time and seasonal discounts.
• Compare the final price including shipping, not just the headline number.
• Check for student, military, or first order offers you may qualify for.
• Time non urgent purchases around major sale events for the deepest cuts.

Final Thoughts

Before you check out, line up stressful week moving finalizing against current promotions and any codes you can stack. Small habits like these add up to real savings over a year.

Originally published at biblemoneymatters.com.