Right now, my wife and I are trying to buy a house, and we have one in our sights that we really want to get, and we are going to be very disappointed if we are not able to close on it. I did not think that we would be able to find something so quickly, since we both have fairly different tastes and strong opinions about what we like. But we found this house and we both love it. I need to set up an appointment for Sacramento real estate appraisal because in order to be able to get the bank we’re going through to do this mortgage, we’re going to have to have the property appraised first. It is kind of a hassle, in my opinion, to jump through all of the hoops that they want before you buy a house, but I understand that they have to be careful when it comes to loaning people enough money to buy a house.
Of course, the banking industry hasn’t always been very careful when it comes it who they give mortgages, which is pretty obvious considering the sub-prime mortgage crisis that engulfed the country just a few years ago and led to a global economic depression. The banks all were bailed out though, and I think that the government made them change how they do things as a condition for receiving the bailout funds. Kind of crazy if you ask me, and I am really glad I was not investing in any banks at the time. I actually have a friend that had just invested in Fannie Mae a few weeks before the whole bailout thing with them started. It’s kind of ridiculous though, I don’t know what he was doing and there had to be some signs that it wasn’t a good idea.