Friday, January 31, 2020
That permanent job
Wow I like this car:
This loan approval for the buyer reminds me of the first home we sold many years ago. The first offer came from a young couple. They had been approved for their loan and just before the ‘closing’, he took another job, it was a promotion. When the Bank learned of this they rescinded the approval. He did not meet the criteria of having been in his present position over 2 years. We were all disappointed, but the bank stood their ground and we waited for another buyer.
That is when we were educated. We learned that no house is SOLD until the money changes hands; there are ‘variables.’
We are a mobile society. Very few people even own a house for more than 5-8 years, before they sell and relocate. In our early life people around home stayed at jobs for a lifetime. Boys left the South took jobs in Detroit and stayed 20-30 years, we were before our time, we have been mobile since we married.
So like everything else, lending institutions had to change their approach to home loans. They had to change to continue to serve a ‘mobile’ customer, or lose business. Many people will not buy, they do not want roots. They do not want to ‘get to know’ their neighbor. The draw back to the mobile life is the kids, they start roots fast, gain friends etc whether the parents want to or not. Then their lives are disrupted with the moves. I know that because I was moved a lot as a kid, therefore I did not take that into consideration with my sons, because I disrupted their lives by moving them.
I was so busy with my life, I did not think of the boys. I really regret it. With my life style I don’t know how I could have done different, except be more aware and understanding.
Now in my later years I see the difference. We associate with Sherry’s friends that she spent her first 17 yrs with.. At times she talks to me like I know everyone she does. ;-)… The most I spent in any one school was 3 years.
Nite Shipslog 355