Well, I did not get my mortgage for the house that I offered on and was accepted for. I had planned on getting pre-approved, which is the correct route to go, but this happened pretty quickly. I did have some credit issues shortly after I moved to Calgary which, although they are cleared up, there are some lingering issues with my credit report and my score just isn’t quite up to snuff. I sort of expected that and I am not disappointed.
That is one of the bonuses of being a pessimist. I don’t expect things to go well and when they don’t, it is what I expected so I am not disappointed. If it goes well then it is a pleasant surprise. Plus, I am living in a great little house that I am happy in. In all honesty, I didn’t really want to move anyway. I had strongly considered renting out the place had I gotten financing and living here. I could have made a couple of hundred bucks a month which would have been awesome.
So, I am going to work with the mortgage broker and see what I can do in the next 6 months to a year to improve my situation and then perhaps look into something again.
On a side note – the first person I dealt with at CIBC was great, until she discovered that I didn’t have a perfect credit rating and then her service and interest went considerably downhill. She wasn’t really willing to offer any help or advice. So, I told her I was not interested in dealing with her nor CIBC. Big banks suck, big time. Stick with a mortgage broker, you’ll probably save yourself some money too. As for CIBC, go to hell.
Anyway, we will see where I stand a year from now. Six months from now it will be deep winter, and no one wants to move then, so, let’s wait a year. 🙂