|Thumbs up on the good news.|
Well, worry not, loyal readers. We were correct according to our loan officer, Gary. There was no need to bring a certified check because Ryan Homes would be paying us. Money in the bank!
|Money in the hand is money in the house.|
Lastly, we locked in our rate! Bonus! We debated on whether to pay a little to bring down the points and we chose to do so in the end. It was the smarter play for the long term. We get less money back at closing, but we save more in the long run. Also, the monthly payments will be lower. Still a great deal. So, we locked in at 2.75% on a 30-year fixed loan. So, we are really happy! It will not be too much longer until we are in our new home!
|This is how we all felt after we locked in our awesome rate!|