Ten Credit Do's and Don'ts To Bear In Mind Prior To Getting Your Mortgage Loan

By
Mortgage and Lending with Chris Brown | Certified Mortgage Planners NMLS 303797

How can a fully approved loan get denied for funding after the borrower has signed loan docs?

Simple, the underwriter pulls an updated credit report to verify that there hasn't been any new activity since original approval was issued, and the new findings kill the loan.

This generally won't happen in a 30 day time-frame, but borrowers should anticipate a new credit report being pulled if the time from an original credit report to funding is more than 60 days.

Purchase transactions involving short sales or foreclosures tend to.......

 

Read the COMPLETE BLOG POST HERE:

Ten Credit Do's and Don'ts To Bear In Mind Prior To Getting Your Mortgage Loan

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Florida Seminole County Altamonte Springs
Groups:
Florida Realtor® Network
Central Florida
Tags:
orlando real estate
chris brown
orlando mortgages
mortgage chili blog
orlando fha loans

Spam prevention
Show All Comments
Rainmaker
748,296
Rob D. Shepherd
Windermere/lane county - Florence, OR
Principal Broker GRI, SRES

I always advise them no new purchases such as cars or furniture for the new place or you may not end uo with the place to put it.

Sep 22, 2010 04:55 PM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
530,795

Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner

Chris Brown 407.367.2974
Ask me a question
*
*
*
*
Spam prevention

Additional Information