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Young Couple With Perfect Credit Discover Murphy's Law of Lending

Speaking Out

May 23, 1993|LISA ADAM | SPECIAL TO THE TIMES

After five major setbacks, we are finally in our home. The ordeal we went through in the purchase was incredible, given the current economy. It makes me wonder how other young people who want to buy homes and raise families are going to get financing if they do not have a family that can financially support their efforts. Does the money for the monthly payment have to be guaranteed in triplicate before a reputable lender will grant a loan? Is a woman punished for bearing children? Would a man be penalized for paternity leave?

And finally, are mortgage loan brokers worth the percentage they charge if they are not savvy on loan parameters and maternity leaves? There are so many questions that have gone unanswered.

Although we are now happily in our home, the months of agony and frustration our family went through makes the American dream of owning a home look less perfect from this point of view.

\o7 Lisa Adam and her husband, Matt, are refinancing their loan to remove the co\f7 -\o7 signer and get a fixed rate and reasonable terms.\f7

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