How do you convince a bank to loan you enough money to purchase a home?
Lyle and I started our loan application this week. Paperwork abounds, especially because we're going for an FHA loan and the requirements are stringent. Any deposit over $1,000 into either our checking or savings account must be properly documented.
A word to the wise, if you're a child of the 80s like myself, you probably have some of those EE savings bonds lying around. A popular gift on birthdays and Christmas, I got lots of these growing up. Pay $50 upfront for a $100 bond and in years the bond will mature. Make copies of them!
Thinking this was an appropriate time to cash those puppies in, I deposited all of them. Getting itemized proof of each one, after they had already been shipped off to the bond department, was no easy task.
I'm sure more requests are to come next week, but for now we've provided all the goods. This weekend we can take a moment away from thinking about the house to prepare for the family dinner we're hosting next weekend. Our focus has shifted to a menu!