The trials of a construction loan, take 1.
It turns out that Realtors, from a mortgage perspective, are only slightly above convicted felons and known con artists. Somehow, because we know the system, its assumed that we are most likely to rig the system. While I cannot disagree with the logic I’m somewhat bewildered at being guilty until proven innocent.
Meanwhile, our beautiful property sits bleakly through our prime building period with our dream home plans securely saved on my laptop while we wait impatiently for funding. We aren’t rich, by any means, but we’re thrifty, hard working and financially savvy. Our ratios (debt-to-income, loan-to-value, etc) are all pretty decent. But, alas, I’m a Realtor.
(insert red flag warning)
Clients, friends, family… I’m gaining a greater empathy for the pain of the loan process. Just because you can afford it, doesn’t mean you can qualify for it.
*sigh*
Fingers crossed and prayers said.
I’ll keep y’all posted.
-Dee