Finally! I ended up having to wait ALL day to find out! They say that the third time's the charm and it was so in our case. It took us a year to get all of our financial stuff in order but we got it all done and that was able to help our case.
I am so glad that I don't have to deal with the CMHC again as I think I would pull my hair out!
Time to start packing!
It's all good...
Next: The RENO blog! Whoo Hoo!
Tuesday, May 4, 2010
Saturday, May 1, 2010
April 30, 2010 The fiasco continues...
Unbelievable is the word that I would use to describe this transaction to buy a home. I have never experienced such a poorly managed banking transaction.
Friday morning we had the inspector go through the house and it was pretty much what we expected to see. So that was a "go"
On the other hand it was a good thing that I was working all morning or I would have been a basket case waiting for the phone to ring.
I get home at 2:00pm and make a phone call to Debbie to find out the status of our mortgage.
I have to leave a voicemail.
I come back from picking up the kids at 3:30 and phone Debbie again. She tells me that she hasn't heard anything but she is still trying to get a hold of them.
Debbie phones back 15 minutes later and tells me that "there was a computer glitch". WHAT???
"they can't see your father's application at the other end"..WHAT???
Twitch, twitch, twich...
Great
Now what?
"Can you possibly get an extention until Monday morning?"...um, NO as there are other offers waiting on the house.
So, Debbie gets her bosses boss to phone Peter who then tells them to phone the realtors as it was their "f&%k up" and beg for an extention.
It looks like we got it as we haven't heard anything.
I have never been more frustrated!
So now we have to wait the weekend and find out monday (hopefully morning).
Still hoping to be able to start a renovation blog!
:) Miriam
Friday morning we had the inspector go through the house and it was pretty much what we expected to see. So that was a "go"
On the other hand it was a good thing that I was working all morning or I would have been a basket case waiting for the phone to ring.
I get home at 2:00pm and make a phone call to Debbie to find out the status of our mortgage.
I have to leave a voicemail.
I come back from picking up the kids at 3:30 and phone Debbie again. She tells me that she hasn't heard anything but she is still trying to get a hold of them.
Debbie phones back 15 minutes later and tells me that "there was a computer glitch". WHAT???
"they can't see your father's application at the other end"..WHAT???
Twitch, twitch, twich...
Great
Now what?
"Can you possibly get an extention until Monday morning?"...um, NO as there are other offers waiting on the house.
So, Debbie gets her bosses boss to phone Peter who then tells them to phone the realtors as it was their "f&%k up" and beg for an extention.
It looks like we got it as we haven't heard anything.
I have never been more frustrated!
So now we have to wait the weekend and find out monday (hopefully morning).
Still hoping to be able to start a renovation blog!
:) Miriam
Thursday, April 29, 2010
A change of plans
It's funny how life makes plans for you while you weren't looking. I really enjoyed riding on the fine weather days that we had in the late winter and early spring. I even had my boss giving me the evil eye as his bike was still parked.
As the weather changed for the worse so did our lives (somewhat). At the end of March we received a 3 month notice for termination of rent. We have been renting this house for 4 years so it came as quite a shock as our landlord had told us not two months earlier that she was not going to sell the house. We were settling in beautifully and I had just planted some flower bulbs and had started a garden as I thought we were going to be around for at least a couple more years. Well, that was not to be so we were left with a decision.
We got ourselves a "plan B" and lined up a place to rent but thought "why not try and buy a home" as we were paying as much in rent as we would be to have a mortgage. Well, we did a mad week and a half dash and looked at 7 homes for sale and found one. Now it's not the prettiest thing on the block and it didn't show well, but it had LOTS of potential. Being handy kind of people we thought "why not" and put in an offer. They accepted.
So the insurance came up for renewal while all this was going on and we decided that we were going to park our bikes for the few weeks as we didn't want to have any extra expenses and wanted to put all our cash into the down payment. It hasn't been much of a loss as the weather this spring has been windy as hell and cold so I'm not really missing it too much. The only thing is that I had to give up the women's weekend in Uculet which is a real drag, but I couldn't justify the expenditure of going out to play while all this was happening.
So now we had to get the banking in order...
I would have thought that a 3 day wait would have been normal, but it's been 10 days of jumping through hoops to get this mortgage. I'm beyond frustrated with the whole thing and have lost 10 lbs (which I can't afford to lose) as I haven't been eating, and many nights of sleep over this whole fiasco.
It should be a simple accounting...they make x amount of dollars and the mortgage payment would be as much as they rent for...Shouldn't be an issue but of course it is. I think that the CMHC needs some new accountants that can actually add up the numbers!
So, we now have one day to get the mortgage and the house inspected. It HAS to all happen tomorrow or we LOSE the house as there are other offers in on it.
In the end, if we end up renting plan B I'll be fine with that but I sure as hell would be pretty angry for wasting my time and energy (and money for the inspection) for a house that they don't think we can have.
As soon as the bank says "yay" or "nay" I will be putting the insurance back on my bike and going for a LONG ride!
The fingers are crossed that I'll be starting a new renovation blog on my birthday June 1st. We take posession on the 31st of May and I think that taking ownership would be a great birthday gift!
Happy birthday, here's a sledgehammer...
As the weather changed for the worse so did our lives (somewhat). At the end of March we received a 3 month notice for termination of rent. We have been renting this house for 4 years so it came as quite a shock as our landlord had told us not two months earlier that she was not going to sell the house. We were settling in beautifully and I had just planted some flower bulbs and had started a garden as I thought we were going to be around for at least a couple more years. Well, that was not to be so we were left with a decision.
We got ourselves a "plan B" and lined up a place to rent but thought "why not try and buy a home" as we were paying as much in rent as we would be to have a mortgage. Well, we did a mad week and a half dash and looked at 7 homes for sale and found one. Now it's not the prettiest thing on the block and it didn't show well, but it had LOTS of potential. Being handy kind of people we thought "why not" and put in an offer. They accepted.
So the insurance came up for renewal while all this was going on and we decided that we were going to park our bikes for the few weeks as we didn't want to have any extra expenses and wanted to put all our cash into the down payment. It hasn't been much of a loss as the weather this spring has been windy as hell and cold so I'm not really missing it too much. The only thing is that I had to give up the women's weekend in Uculet which is a real drag, but I couldn't justify the expenditure of going out to play while all this was happening.
So now we had to get the banking in order...
I would have thought that a 3 day wait would have been normal, but it's been 10 days of jumping through hoops to get this mortgage. I'm beyond frustrated with the whole thing and have lost 10 lbs (which I can't afford to lose) as I haven't been eating, and many nights of sleep over this whole fiasco.
It should be a simple accounting...they make x amount of dollars and the mortgage payment would be as much as they rent for...Shouldn't be an issue but of course it is. I think that the CMHC needs some new accountants that can actually add up the numbers!
So, we now have one day to get the mortgage and the house inspected. It HAS to all happen tomorrow or we LOSE the house as there are other offers in on it.
In the end, if we end up renting plan B I'll be fine with that but I sure as hell would be pretty angry for wasting my time and energy (and money for the inspection) for a house that they don't think we can have.
As soon as the bank says "yay" or "nay" I will be putting the insurance back on my bike and going for a LONG ride!
The fingers are crossed that I'll be starting a new renovation blog on my birthday June 1st. We take posession on the 31st of May and I think that taking ownership would be a great birthday gift!
Happy birthday, here's a sledgehammer...
Thursday, February 25, 2010
Parked her for the winter
Well, after riding all last winter and freezing my poor hands off and being waylaid by 3 weeks of snow, I decided that I should park my baby this winter. On the 26th of November I took my last ride and gave her a really good bath and wrapped her up with tears in my eyes. Now I was just waiting for the snow...
The snow DIDN'T come! Darn it! I had her parked for 2 months and at the end of January I re-insured her again. The crocus' weren't too far behind popping out of the ground so I knew that all was well.
Just last week the weather was gorgeous enough that I got to test my new GPS that I got for Christmas and buggered off for about 2 hours. There are some great roads to ride around here but I never know how to get to them. Now I have the ability to meander and not have to worry about where I go because I can always just "go home". You might laugh, but it's totally freed up how I ride. I now dare to explore a little more and can tell that some roads end or take off in a different direction.
I'm really looking forward to the ladies weekend in a couple of months. I haven't ridden out to Tofino yet so it's going to be great. I'm such an island road virgin...sigh...
Here's to months of great riding!
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