When It Rains.. It Pours..

It's a rainy day today and is pouring out here. We couldn't visit the house..

But we received back to back updates from  the NVR Loan rep and the PM.

We are going to meet with the mortgage rep to resolve the issues. Still skeptical with all those charades...

Our PM has briefed us on fixing issues that were found and the work that will be carried out next week.
He is someone whom we have begun to trust...Looks like the closet issue is the way it is for interior units.

Received emails about Final Walk thru' and Settlement dates as well...

Keeping our fingers crossed for a better experience in the coming days...

Backstabbing ....

Finally we were contacted by the NVR Mortgage rep. He quoted us a high interest rate and closing cost. We told him that we have quotes with lesser interest rate. 

He asked us to send any quotes from other lenders and he will see what he can do. We sent him two of the quotes we had so far.

He disregarded the one with lower interest rate. Not sure what his rationale was to deny the one with lower interest rate.

He asked us to provide the POC for the other quote saying that he will transfer the loans allowing us to keep the incentives. Trusting his email, we naively provided the contact info. 

Today we found out that NVRM has contacted the other lender’s boss and had confronted them for giving us a competing quote.

Now that company is not willing to give us a loan. Later we learnt that they are Affliated lenders and are supposed to quote a different rate for NVHomes.

We did not expect this backstabbing and unethical behavior from NVR mortgage. 
If there is an issue with the lender, they could have been upfront about it.

NVRM asks us to get competing quotes and then confronts the lenders. 
They disregard the quotes from companies whom they cannot match.
Isn't this mortgage steering?

Sent a mail to our SR on this... NVRM has a lot to answer before proceeding further..

Continuing Gripes...

Our visit was not very satisfactory..They have taken care of the plumbing issue in the bathroom. However, the vent going through the second bedroom closet has not been removed. This closet is the smallest and the space is almost cut in half by the vent to make it even smaller.
We don't know if they can or will fix it.

One good thing is our PM has started giving us weekly updates..He has promised to take care of it somehow...

The brick layout on the front view has been completed. But the elevation did not have the accent bricks on the edges as promised. We have emailed the PM about it. He is  looking into it  and he is not sure if that design is applicable to this community.

If that is the case, why even put it up in the blue print? That Elevation costs us extra money. It better include what we signed up for...
Continuing gripes...

Within 60 days...

Getting closer to the tentative close date!

Let me start with some Kudos to our Loan Processor and our Sales Rep for their timely responses....

After pushing through different channels we were able to talk to the new NVR mortgage loan rep.
The Rate and Closing Cost he quoted us was higher than we expected.

We have provided him with comparable GFEs we've got so far.
It's a Waiting game now. Hopefully he will come back with a better rate and closing cost..
The rates are very volatile.
The market is waiting for the Fed Announcement next week.
No shortage of dramas...Then again, life without dramas is boring...

Our nice PM has promised that the issues we found last week will be fixed before the inspection..
But seeing is believing ... So, we are planning to make a visit to the house.. It is like watching a baby grow ..

We are excited and anxious at the same time...

Pre Dry Wall Meeting and Growing Anxiety....

We had our Pre Dry Wall meeting. Kudos to our PM who accommodated our availability for the meeting.
The weather was very nice and the PM was friendly like always.
A lot of work has been completed since we last saw the house.

The electrical rep from Trinity Wiring was there to mark the places where we needed our ports.

As we walked through the house,  PM marked down all the issues and promised to take care of it.

The things that concerned us were some of the errors made by the HVAC and Plumbing contractors.
Two biggies were in the secondary bedroom closet and the lower level bathroom. There were other minor ones like not leveled floors and not filled holes in the wall.
Definitely not a thorough job. Felt like contractors may be rushing to complete the job.

Hopefully our PM will make sure that these issues are fixed before they put the dry wall on.

Adding to our anxiety was the neighbor (recently closed)  who was complaining that they ruined the bedroom carpet during final cleaning. The carpet has to be replaced now. His bedroom furniture were being delivered and he was figuring out where to keep them temporarily.. Poor guy...:(

We had to send a mail to NVR people saying that we'll have to switch lenders since we missed out on some good loan rates due to lack of correspondence.
We received an immediate response on how our mortgage rep is leaving and the new rep will be in touch within 10 days...mmm
Why couldn't they have conveyed that to us earlier...?
Anyways we have to talk to the new rep and see how responsive he is..
The rates keep going up everyday...

Growing Anxiety...
Is it worth it?
Only time will tell..

Moving Fast....

Finally got an update from the PM....

Looks like the Framing, Roof, HVAC will be completed by the end of the week.

Still not sure about the Pre Dry Wall meeting .... That is one of the reasons why we were expecting an update from the PM.
Hoping that would be scheduled at the latest by next week.

The mortgage rates are sky rocketing... Hopefully the mortgage rep will call us at the right time to lock the rate or else we will have to look for a loan from outside lender... Maybe a good thing...