Friday, May 25, 2012

Sending All Papers to the Bank

Yesterday. I sent in all papers to the bank I am using that is providing the loan. Brian is my mortgage officer and I kinda notice his lips are super blue. Anyways....
I probably spent the last 5 days prior to tuning the papers in preparing everything precisely. Basically the papers I had to turn are:
- account statements of last 3 months. (this took me a lot of time since I have chase, fidelity, schwab, Pncbank and scottrade accounts)
- pay stubs of last 3 month
- tax returns of last 3 years
- intent of loan
- company history of Bentley Real Estates
- cash flow sheet
- purchase contract
- total assets sheet
It felt kind of weird basically having a compendium of your financial situation in one of the forms I filled out- savings, cash, debts, assets and liabilities are on one 8.5 x 11 inch piece a paper.
The meeting occurred yesterday at 9am. I had to miss going to work that morning because I had to prepare my documents till 8:40am, shower really quick and get to the bank by 9am. I was in a complete rush but I got there on time.

Brian the mortgage loan officer told me when I met him to submit the papers, "You are one of the most well organized customers I've worked with in a long time in submitting your papers." That was encouraging news.

Well as of right now, in waiting for my official closing date which is 5/31. There's still a lot to get done but basically I need to start finding tenants, create rental application, pick up fridge, install all appliances and create bank account accordingly to my business.

Wish me luck on closing in 5 days.




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Location:W 800 N,Provo,United States

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