Hunting for a home, part 2

So in this part of the saga, I will relate the story of renewing that prequal letter from our bank. It is a story with twists and turns with emotional ups and downs. Our troubles that began here may yet haunt us later, but as there is nothing we can do about it, not sure what we can do to mitigate it. Anyways, we begin the story with us contacting the bank to renew our prequal letter.

Our bank guy is a very nice man and when hubby called him to tell him we've found a place we would like to make a bid on but our prequal letter has just expired, he set forth to expediently send us a renewed prequal letter. It should be no big deal, in our minds, because we were able get one just 3 months earlier. Boy were we wrong!

I get home and hubby calls me to tell me that we can't get a prequal letter because they can't get his credit score. Not that the score was low or anything, just that they can't find it or get it. We came home and tried to obtain it ourselves, but it wasn't available for us either. Hubby tried calling the credit agencies, who were nothing but nasty and unhelpful saying things like, "I can see your score, it's right here in front of me. If you can't get to it, that's not our problem." He called a mortgage broker who advised putting him on my credit cards and going shopping. We got some advice from a credit repair person that our bank guy happened to know, but we didn't need credit repair.

We were very confused and got no real answers, just speculation and things to try. At this point, we figured there was no way we were getting the house. Now, our first priority was getting the credit stuff fixed. As per the mortgage broker's advice, I put my hubby on all my cards and when they came, we went shopping. After a big day of shopping, we came home and found a prequal letter from the bank sitting in our mailbox. Now, we were thoroughly confused.

Hubby calls the bank and the guy we were dealing with was also confused. He says he tried to run our numbers through the program a few times to get us a prequal letter but there was no indication to him that any of them went through but apparently one attempt did. In any case, he didn't say we couldn't use it. Before sending this unexpected letter to the listing agent, hubby goes online to check for his score. Maybe the shopping worked?

It did! There it was, sitting on the screen! Still, we had no idea what happened to make it go away or if the shopping was what brought it back. Still nervous that this could happen again when we apply for a loan, we sent the prequal letter to the agent and contacted our real estate lawyer.

The sellers agreed to sell us the house at our bid price and sent over the bid contract for our lawyer to fill out. The lawyer told us we needed to get the house inspection done before we can move forward. Hubby's boss recommended an inspector and an appointment was made. Thus ends the prequal letter chapter and begins the house inspection chapter!