NVR Mortgage Update #2

I sent an e-mail to our NVRM loan officer on 28-MAR-13 get an update on our loan status and request on some small loan detail information but still have yet to hear back.  Our initial NVRM meeting for the Loan Application was 26-MAR-13.  I'm concerned.  We have received a specific letter today we requested stating we're purchasing a home that we worked through RH to get from NVR but we've heard NOTHING directly from NVR or the LO.  No calls, no letters, no request for additional information, not a single peep.  Should we be concerned?  Should we consider this bad customer service?  I have no idea if we ever made it to under-writing.  I have no idea if our file is sitting under a dried out coffee cup on someone's desk or if it fell into the trash can near the edge of this same desk.  This goes beyond no news is good news because now I feel like I'm completely in the dark and nervous!

~Update~
I've spoken to our SR and she assures me everything is good.  There is usually around 2 weeks of silence as things work through the process.  She also assures me that if NVR needed something they'd let us know.  I'm beginning to think that because we were so very thorough when we were preparing for the loan application that we may have given them everything they needed.  Let's hope so :)

Our Ryan Homes - Homeowner's Guide Chapters 1 - 3 Overview

When we signed our Purchase Agreement, along with a HUGE pile of paperwork, we received a white binder homeowner's guide.  I immediately started reading it (I read everything, if not at the very moment of receipt then later when I have more time) and using postie notes for concerns and questions.  It's too bad it's standard size and all our paperwork is long, otherwise I would use this as our central document holder and information source.  We're actually in the midst of Chapters 2 and 3 at the same time - so by no means is this a chronological step by step.

 There's a nifty little Table of Content and introduction for every section.

1. Introduction
2. Purchasing Your Home
3. Arranging Your Loan with NVRM
4. Construction of Your Home
5. Closing on Your Home
6. Quality and Customer Care - What to Expect after Closing
7. Glossary of Terms
8. Appendix A - Homeowner's Maintenance Guide & Warranty

Understanding Our Purchase Agreement

So, we did it.  We began the process to sign the next 30 years of our life over to our new home.  Now to re-read the documents.  I'm definitely not the smartest person in the world, but this is what I've read more or less on our agreement.  I've left out A LOT of the information in these documents for the sake of space and lack of just repeating the legal mumbojumbo.  Please feel free to skip this post.  I just wanted to share my first experience with these types of documents.  Plus, someone might be interested in what types of things they will be agreeing to and signing off on.

The Biggest Case of Buyers Remorse

I experience buyers remorse with any item over $100.  Why?  Because it's taken me a long time to get where I'm at now and I never want to be in a situation that I'm out of control of ever again.  Now imagine buying a house - that's not yet built.  The doubts creep in.  Logically, I know this is just a knee jerk reaction to this very huge commitment/change we signed up for but I seem to lose my grip on reality during my bouts of buyers remorse.  Change is not easy for me, even when it's a good change.

I did not expect to experience it so quickly.  Quite literally, I started sweating our decision the moment I started driving home from our Purchase Agreement Paperwork meeting.

The facts - Buyer's remorse is very common.  Everyone talks about having it and it's nothing to be ashamed of.  Nothing in life is certain and sometimes it feeds an irrational fear.  There will always be other possibilities, more opportunities, or better deals if you keep looking for them.

The goal - Reassure ourselves with the pros.  Review the research that lead us to our decision.  Don't get bogged down by the negatives.  Ignore others opinions when they really don't matter.  Keep in mind that this feeling will go away and soon we'll be in our very own home, finally doing all of the things we've been talking about.

I know that I have many sleepless nights ahead of me because of my nature, but one day soon I hope to go to sleep satisfied with our decision and hopeful of our days ahead.  This is an exciting, yet scary process but I know that there's no better time than now to go through it.

We Signed The Purchase Agreement!!!!!

I've had several sleepless nights lately.  I roll the pros and cons around in my head.  I ask myself if the lot we've selected/that's available is right for us?  Is the price reasonable?  Is this something we can take on?  Will we be happy in 10 years in our location/home?

It's hard to predict what life is going to hand you and after much discussion with my mother, who will be sharing our home with us - we decided we were going to move forward with building our home with Ryan Homes, NVR, in the community of Stone Lake.  Let the OCD and worry begin!

Our Purchase Agreement paperwork is somewhat of a blur to me.  I didn't sleep at all the night before, worrying about money, financing, the HUGE decision of buying a home.  We didn't start this journey without some initial disappointments.  I don't want to discuss them too publicly, but we're lucky enough (I hope - we haven't gotten the final approval as of yet) that we had a work around.

Our SR learned my characteristics very quickly and had a "Notes Copy" of the Cost Estimate for my notes and comments.

First Stop - Master Selection Sheet.