7% offered by her lender.
She completed her paperwork and submitted it with her 10% deposit. The rate wasn’t her only deciding factor. The personnel had been friendly and great at communicating, making her feel very comfortable about the process. Until now, suddenly, it seemed as though the bank's cooperation had disappeared. A closing process that should have taken 30 days or less turned into several months of waiting and an additional $20,000 deposit. They ran her in circles until the seller, through the real estate agent, told her that the deal was over if she didn’t find another solution. Luckily, the seller’s real estate agent referred her to another lender and was able to help her obtain another loan (although at a higher interest) much more quickly. It turned out the first lender was a scammer. In another case, Ron and Jenna planned to upgrade to a new home. After a long search, they found it—or so they thought. The house seemed perfect, with a bright and colorful kitchen, open living and dining areas, three bathrooms, high ceilings, a fireplace, and a covered porch. They were especially thrilled that the price was only $235,000. That was a steal. They signed the contract and were in the house more than a month later. Less than six months later, the horror story began to unfold. Jenna was cleaning one of the bathrooms when she noticed tiny ants with wings. Following Ron’s advice, she called the exterminator. When he arrived, he delivered the first blow—these winged ants were te rmites. Th e exterminator went under the house to assess the
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