This pretty much sums up how I feel right now.
So let’s review the current mortgage situation.
First bank choice: Seized by the FDIC while I am gathering information.
Second bank choice: Basically told to look elsewhere. 40% of my income is unusable as it comes from my business… which claimed a loss last year. The other 60% of my income is not sufficient, despite the fact that my rent is currently higher than my mortgage will be. My co-signer is 100% self-employed and also claimed a loss, so ZERO of his income is usable.
Third bank choice: When told about the fiasco with bank #2, his response was, “Yeah, it’s hard getting a mortgage now when you’re self-employed.” He said he’ll take a look though. Five days and no reply.
Fourth bank choice: Same as #1 just under new owners, and still not writing mortgages.
Fifth bank choice: Came on recommendation of the Realtor. A week after I called and wrote she finally responded. After explaining the situation, she said something to the effect of “As long as I don’t have to do something illegal, I am sure we can make this work.” Optimists!
Sixth bank choice: Current owning entity of the house. Chapter 11.
I just want a loan.
