need some suggestions, worried sick

[kiarasam06]

Ok so here is my dilemma: my husband and I got married july 2008. I had my 341 meeting 3/4/08 no assets nothing. Mainly credit cards and the such. Got discharged june 08. We started building our house in october 07. The mortgage (building loan) was thro husbands parents and also my husbands name, not mine. The goal was to always to switch the loan over to just my husband and I after it was complete. Which is now. So on monday may 18th my mil called and said now is the time for us to get our loan bc the rate was 4.98 per. So she has no clue ab my bk. And I wanna keep it like that. They r very money saavy and I had a hard time and ended with a 7. Ne way my husband has perfect credit. So I'm not at all concerned ab him its me that will bomb this. I'm so scared the mort ppl r gonna say we don't qualify bc of my. Its almost been a year and I no I can't get a mort. It would be for about 80,500 bucks and I don't no if he could qualify alone for that or what. Its making me sick to think that they r gonna call and be like she filed bk so we can't loan to u all and its going to blow up and all. (Husband knew I filed bk too) I just don't want his parents to know but I no deep down this loan is not gonna process with me and it litterally makes me sick. There is no way I'm gonna get approved this soon. Ne ideas suggestions. I'm a nervous reck waiting for that call for mil or bank.

[AngelinaCatHub]

OK, you started building your house in 07. This means there is an equity in this as far as the real estate and the hardware in the house? So, you have how much equity, and who is holding the money to sequentially pay the contractors as they build? Make this clearer as in how far housed go today, 80K is not expensive for any house above a single wide MH.

I do not believe in worry over problems that do not yet exist. That kind of worry makes other bigger problems with both health and relationships. You must have faith in something and if anything at all, let time heal it. You know not what tomorrow holds, but in my years of life, I have always realized a reason for everything that has happened to me, for the good or the bad. It WILL work out. ‘Hub

[kiarasam06]

husband built

Hey! Thanks for ur response. The way we gotour house so cheap is bc my husband and his father built the entire thing themselves. The only thing they sub out was the septic tank the rest was built soley by them, that's y it took soooo long to get finished. I just can't imagine getting approved for this loan and I am litterally sick. It sucks. How long does it take to hear back? I'm just afraid his family will be like "what? Why? How could u!"

[AngelinaCatHub]

Hey! Thanks for ur response. The way we gotour house so cheap is bc my husband and his father built the entire thing themselves. The only thing they sub out was the septic tank the rest was built soley by them, that's y it took soooo long to get finished. I just can't imagine getting approved for this loan and I am litterally sick. It sucks. How long does it take to hear back? I'm just afraid his family will be like "what? Why? How could u!"

[kiarasam06]

hey

Hey, ur right I prob need to calm down some as I am 8.5 months preg on top of all this! I'm just worried the bank will call my mil and say they didn't qualify bc her bk last year! That's my fear. Its not my most proud moment to have to file but I believe it was the right choice for me. The land is again, mil/fil land they own 155 acres and we built on that. We r suppose to be deeded over an acre. I never really thought ab co-sign. I would imagine that to be our next step if this doesn't work out. Do u no when we should have heard a decsion back? How long it takes?? We did this monday so its been 2 days.

[AngelinaCatHub]

OH WAY too soon. To get a home mortgage under 'normal' circumstances used to take weeks. I have purchased several homes and six weeks is not unheard of. In this day and time, I can't say.

I once told a young lady (customer of mine) as she stated she was going to divorce and her excuses were so shallow, that "more big problems are caused by worry over little trivial problems, and if you let them go by, the big problems would go away". Several weeks later on a service call, she called me over and told me "thank you" and I said for what? She told me what I said, she put it into practice and found her marriage and life improved and that she gave me credit for it. I was amazed as this is no secret. 'Hub

[kiarasam06]

thanks

Thanks so much for talking to me about this. U have made me feel so much better. I guess I can't worry about things that haven't happened yet. Again, thanks!