Finally, I am a Homeowner!
It’s official. I am a homeowner! After an 11-month journey, I finally signed those papers.
Let’s rewind a few weeks…
Once I received my closing date, I began to quickly run down my to-do list. I finalized my moving company, my parents’ travel plans, and booked my move with both of my buildings. With a new construction building, most of the owners are closing and moving in at the same time, so booking the dock for my movers was a priority. I was planning to move immediately following a three-day holiday weekend and take the week off work to get settled.
As I was told by many people, mortgage closings get delayed regularly. And that is exactly what happened. It was delayed and rescheduled three times in a week! It was insanely stressful. With the approaching holiday, I would have to change all of my plans. I added a week or so of padding to my schedule to ensure that any minor delays wouldn’t affect my plans, but that was quickly eaten away. I was living in a sea of boxes, my parents were scheduled to fly across country to help with my move, and rescheduling my movers during such a busy moving season was becoming an issue as well.
In the beginning, I had almost no knowledge of homebuying and everything it entailed. Housing finance was something I had very little background in. My lender gave me an inside view of the final steps of the process. The delays were due to waiting on final sign-off for a few documents. I used a program through the DC housing finance agency that included down payment assistance. The program required sign-off from an additional party. It was by far the most stressful part of this process. Day after day I was rescheduled. It was painful. You don’t get any more “11th hour” than 4 p.m. on the Friday before a holiday, but that is exactly when I signed my papers.
A week before my closing, I found sample mortgage closing documents online and read every single page. I knew it wouldn’t be exactly what I was signing on the big day, but it was close enough to give me a very good idea of what would be included in my documents. It was very important to me to be able to read every document that I was signing. And because I read a majority of the documents ahead of time, I only had to slow down a few times to ask for further explanations at closing.
Between my real estate agent and the title company, I felt confident that I understood the paperwork.
After nearly a year, I am finally a homeowner.