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Mortgage process is exhausting and nerve racking....

Hi all, after getting outbid 4 times, I finally got an offer accepted. Getting pre-approved was easy, took maybe 2 hrs. However, this whole mortgage process has been nerve wracking and I constantly think about things that could go wrong.

I’ve already paid for an inspection and waiting for the mortgage company to order an appraisal. The company requested typical W2s and account statements...etc.

I got an email saying that I was approved with condition today and now they want a things like letter of explanation for my income, my credit card statement and something that says my balance is $0, and funds source and other things.

All these requirements are making me very nervous and uneasy. My closing date is scheduled March 13 because the seller needed time to find a place to stay. I truly think I’ll drive myself crazy.

I think of so many things that could go wrong..... Let’s say if they approve me for an mortgage. Can they change their mind right before the closing date? What if they don’t approve me at all? Am I going to lose my earnest money and almost $1000 that I spent on inspection and appraisal?

I am so sorry that the post is so long. Just wanted to talk to somebody. Is this supposed to be this hard? 😢

submitted by /u/bearsschrutebeets
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source https://www.reddit.com/r/RealEstate/comments/l8b1r3/mortgage_process_is_exhausting_and_nerve_racking/
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