Almost there, but not quite yet ….

went to the bank with the extra stuff and discovered that it was a “stipulated” approval … meaning it’s approved, but not quite? Anyway, our banker told us that she is not worried about us getting the loan – apparently our bank (Wells Fargo) has always been VERY picky about loan approvals (one of the reasons it is still fairly stable compared with the other banks that have gone down the tubes during the recent financial tribulations) and now they are pickier than they’ve ever been. She said that if we weren’t going to get the loan, it would have said “denied” as soon as she hit the “submit” button. So … hopefully she knows what she’s talking about and we will be able to pick up the check tomorrow.

Just watched “The International” with my husband. An action flick with Clive Owen and Naomi Watts … it was pretty good. There was one line in it that rang SO TRUE with me, especially in light of everything that’s happened in the last 48 hours. The gist of the story line has to do with an international bank getting involved in selling missile guidance systems … originally Watts’ character says, “So the entity that controls the conflict, has the power.” And the individual she is speaking with says, “No, the entity that controls the DEBT has the power.”

As Proverbs 22:7 (NIV) states: “The rich rule over the poor, and the borrower is servant to the lender.”

Because of the poor decisions I’ve made in my business, I do not have the freedom to just close the doors and do something different. Being the servant of those I owe, I must continue to work to fulfill the obligations that I have created. It’s a bitter pill to swallow, but a medicine I cannot avoid any longer.

4 thoughts on “Almost there, but not quite yet ….”

We also bank with Wells Fargo, and Brandon and Rachael got their home loan through them. We’ve made some poor decisions, too, although it was more me than Steve.

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@SingingMom – You know, I really like that bank. We have wonderful bankers at the little branch in the Lake Jackson Randall’s – they are incredibly helpful and treat us like we really matter. I don’t know if all Wells Fargo branches are like that, but we are thankful that we live near one that is. I have to say, if Brandon and Rachel got their home loan through WF, then they must have GREAT credit scores. When I was at the bank yesterday, Melissa was telling me that part of the reason WF is in such good shape after all the banking failures is because they’ve always been VERY picky about who they loan money to. And they’ve gotten even pickier since the banking crisis. So big thumbs up to Brandon and Rachel. 🙂

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@TXMom2Jami – Yes, they have excellent scores. I think his was 740 or 750 when they got the loan. Rach’s is high, too, but I don’t remember what it was. I have liked our Wells Fargo here in Deer Park, too. The people have been really nice and very helpful.I hear stories from Beth all the time about people that come in for loans (without names, of course.) One guy came in for a signature loan of $50,000….to pay child support! He didn’t get it. Some of the things I hear are hilarious…people that just don’t have a clue how it works. One woman is constantly about $600 overdrawn in her checking account. She’s a spendaholic.

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