Belated Post: We Closed!!!!

I don't know where to begin, and I don't have time to really recount everything, however, we are now the proud homeowners of a brand new Avalon! Thank you Ryan Homes and some thanks to NVR Mortgage. We actually closed on time, 1/11/2017. And we began the literal, back breaking work of moving the following day. We've been in scramble mode ever since.

These are not the droids you're looking for

I began this blog with providing some sort of usual information to others who may be considering building a new home, and so I've tried to inexpertly include useful information when possible. Sort of a lessons learned, as we've went along. Now that we're all done, I hope to soon compile the key lessons learned so far into a useful page in and of itself. However, one that does come to mind that we experienced in the process was the loan process, and in particular, NVR Mortgage sort of hand-waived us through the "second mortgage" process.

Again, I plan to refine this post one day, hopefully, but the bottom line is that our first loan and HUD1 estimate was pretty much on point and accurate through NVR Mortgage. But the estimate they provided us on the second loan was always, brushed over and written off by them as an "inconsequential" and something not to worry about. As it turns out, the amount that NVR estimated the second loan (which is not through them) was about $150ish? higher per month then the original estimates. Maybe even $200. It's hard to say because we did not pay enough attention in the process to consider that amount, nor did we shop around for that loan.

One more last minute tidbit was that NVR Mortgage does an excellent job of making your loan process relatively painless. While parts of it can be frustrating, with all the documentation required, having bought 2 homes before, I'll admit this wasn't as bad or as intrusive as some might have you believe. However, part of NVR Mortgage working so closely with 3rd parties such as your title insurance and mortgage insurance, is that they will take the liberty to contact them on your behest to "work with your #s". In this case, in order to qualify for the loan amount and monthly payment that we stated we would not pay a nickel over--NVR contacted our insurance provider and asked them to re-work out policy in order to get our monthly payments lower.

One the one hand, nice! That meant that come closing time, there were no headaches or worries and we were able to close easily enough. On the other hand...it meant we received lower home insurance coverage then we were originally expecting, AND, I feel as if NVR mortgage should have lowered there fees or something themselves, rather than accomplishing the same thing by lowering our insurance coverage. Either way, we're happy to be home, and unfortunately for whomever reads or stumbles across this blog, I'll be updating it and posting to it for years to come!

We're happy!

The puppy is happy!