Today Is A Day To Re-verify Your Loan Approval.
Things are rapidly changing for home borrowers. Click Here for an article we posted on realestateundressed.com
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[…] A few days ago I wrote an article, “If You Were Approved Yesterday You May Not Be Today”. It wasn’t just an attempt to be funny. While on the phone this afternoon with a colleague they had a transaction crash and burn because a lender backed out. The closing was extended for financing reasons, the closing won’t happen at all. The buyers were using 100% financing to make the purchase. The lenders on most 80 - 20 (2 loans) are pulling back. […]