lending issues: Your Loan Is Approved, No It Isn't, Yes It Is, No It Isn't
- 11/28/17 06:00 AM
Until a Buyer or the Buyer's Agent hears those beautiful positive words-"Clear to Close", the whole closing and actually owning the property is uncertain. Your approval prior to that may well mean- "You are approved to continue and see how this loan process works out for you" and "Maybe you can buy property". Kathleen Here's another reason buyers need a professional Realtor in Louisville and frankly anywhere; Realtors understand the language the mortgage brokers and loan officers use when they give status updates. It's amazing how many times the buyer can be told they are approved for the loan but then be … (3 comments)
Until a Buyer or the Buyer's Agent hears those beautiful positive words-"Clear to Close", the whole closing and actually owning the property is uncertain. Your approval prior to that may well mean- "You are approved to continue and see how this loan process works out for you" and "Maybe you can buy property".
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