If I Get Mortgage Pre-approved Today And Closing Day Is 60 Days Later . Is There Any Risk For Me If?

Question by Simon Z | Posted in Renting & Real Estate

If I get Mortgage pre-approved today and closing day is 60 days later . Is there any jeopardy for me if situation changes , such as , I am a victim of identity theft during the 60 days and constraint time to clear it up or I finance for other stuffs like

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Answer: I would hankering the chance that an identity theft perpetrated upon you in the next 60 days isn't a genuineness, so let's forget that. As for the second part asking about you financing other *stuffs* like cars ..YES, the bank will counter

 

How Much Should I Get Pre-approved For A Mortgage Loan?

Question by Java | Posted in Renting & Real Estate

First without surcease home buyer.
Wondering how much I should ask for a pre-approved mortgage.
If I asked higher amount, seller/developer will be informed that I can afford higher price, so they won't go down on their price.
If I

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Answer: Find out if you can get approved first. Get a pre endorsement for the price range you are looking in. Once you negotiate with the builder then get an approval for that correct amount. The approval is always subject to change it really doesn't small

 

Are We Allowed To Obtain More Than One Pre-approved Mortgage Loan At The Same Time?

Question by Sunshine Swirl | Posted in Renting & Real Estate

We are currently tough to get one pre-approved loan through a friend of the family. But she seems to be taking her good 'ol hour when we have one week before we fly east to look for homes (which we'd like to be pre-approved for). We would like to stop

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Answer: Getting "pre-approved" for a lend does not mean a whole lot and does not commit you to anything, so you can get pre-approved from as many places as you like. If they do a "busted pull" of your credit report each time it could have

 

What Percentage Of Mortgage Pre Approvals Are Actually Approved?

Question by mrscnstaug | Posted in Renting & Real Estate

We went through the the deal with of providing credit, bank assets, etc to document return & debts. It came back as pre approved through the computer. I should feel relieved, but I just wish to know what are the chances it will go on to be approved?

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Answer: As a former underwriter, when you get the "conditions" schedule from your loan officer, if you can meet every condition on that list, with in all respects what the underwriter is asking, you will get your loan. If you are providing

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How Can I Buy A House When I Am Refused For A Pre Approved Mortgage?

Question by tresure s | Posted in Renting & Real Estate

I only have enough ready money for a down payment but I still have to borrow a considerable amount. But according to the banks I dont pushy enough to buy a house. But I know once I get the house the tenents rent will pay my mortgage. Why isnt this enough

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Answer: The bank is reprove in their decision. They cannot look at future income - only present and lifestyle income. Therefore the decision to not extend you a mortage is correct. It is a factors of life man! You will need to look

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