Congratulations, you finally received an approval letter from the bank! You note the expiration date and you have plenty of time to negotiate with the second (if applicable) to close the deal on time.
But wait, did you really read the approval letter? Some banks are adding additional terms to this letter (raising the sales price, asking the seller to come up with cash to close, etc.).
Be sure to double check the approval letters from the first AND second bank, if applicable. Make sure everyone is dialed in on the rules to the game! And there are no hidden surprises that end up taking a chunk of your commission!
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