MemberSince99 wrote:I've put it on hold. I just can't feel a warm fuzzy about it while I work where I work now. I am sick to my stomach all the time working here I drink my lunch (Starbucks not booze) because I don't know if I can keep down solid food. How can I possibly commit to that or take something on like that, when I can't stand my freaking job? I'm going forward in my search for better because at this rate, death is beginning to look preferable to living like this. I've never had a job affect my health the way this one is, it's truly that bad (the situation). I gotta get better than this, for the sake of everything important to me.
The irony is I just an hour ago got the email from the loan officer that my loan was pre-approved (I honestly thought it already had been pre-approved) and to let her know if I have any questions once I receive the mortgage loan commitment in the mail. The letter I got said it was not a commitment but a professional opinion. This sounds like actual legal pre-approval, which I know could still be declined (just like credit cards) but I didn't know I thought I had been pre-approved. Anyway it's kind of moot until I feel comfortable with my employment and location situation.
So for now it's on hold.
Pre-approval and a Letter of Commitment are two different things. The Pre-Approval is after they have reviewed and verified your employment, income, past tax returns, credit profile and scores and have determined the loan amount you are eligible for.
The Letter of Commitment is usually after you have selected a home, had it inspected, and your file has gone through and been approved by underwriting. Letter of Commitment is usually the final step in the home buying process prior to closing.