Financing and House Deal Falling Into Place!
Things are really looking up this week! I admit to being antsy last week, and I contacted a lot of people to hint and ask outright if they would consider being my angel investor. Then one man wrote telling of how a bank had mercy on them when they came back from being missionaries abroad, and how they had been blessed in their Christian bookstore they started up. He suggested I try the financial institutions. The one in his area was offering special deals to first time mortgage holders.
Well, I had to admit that I have been saying they wouldn’t consider me - I’ve got no credit rating because I’ve refused to take on any debt in the last 30 years - however, I haven’t actually asked any of them. So I prayed about it over the weekend, and decided that if no one came forward by Monday, I would dress up and go begging for a mortgage.
I spent Monday morning researching the information I’d have to provide, and checking online what I might expect at our local credit union, the one this friend had mentioned, and another one in the city. Just before I left for my Monday afternoon appointment with the local credit union, a man called, who is on the mission Board with me at W.T.M. He offered to help. I told what I was doing and asked if he would also consider co-signing if that became necessary. He agreed.
I had a fine meeting that took an hour and a half. The young woman was a great listener and seemed to feed off my enthusiasm for all the things I plan to do to make a living once I’m in the city. She agreed that my credit rating was nil, and my tax returns for the last three years did not show the kind of income to support my loan. However, if I could get that $15,000 loan from Mennonite Trust, and if this gentleman who offered, would co-sign, she’d be happy to give me a loan!
Best of all - they would allow me to pay off as much and as often on the loan as I would like!
I checked out the other credit union and the PC Financial by calling their 800 numbers, and got much the same answer. Then, my “co-signer” suggested that before I sign the final deal I go get more details on the one FirstSask would give me. So I made an appointment for 9:30 this morning. (That’s why I’m half a day late here).
My “co-signer” now has several options to choose from. I need to report to him, and see which route we’ll go. But if all goes well, I expect to sign the deal for the purchase of my little mint green house this week, or next!.
I do not feel it is ethical to put a picture of it online before I own it, but - you can watch for it next week!
This is going to happen! You will see that little house transformed!
My heart-felt thanks to all my dear friends in various parts of the world who have been praying for me in all this! Your prayers have helped.