It’s the day before settlement and the Settlement company calls you to let you know that they haven’t received the required documents from the lender. Your $10,000 deposit is on the line if you don’t close tomorrow (plus you are all packed and ready for the movers!), so you promptly get on the phone with the lender to see what’s going on.
Thankfully, your lender replies that all is well, that the documents are on their way and there is nothing to worry about (Phew!). All is well… but what if you hadn’t been able to get hold of your lender? Then what?
Getting a loan is the most important part of buying a home
When you are buying a home, the most critical piece of the entire transaction is your ability to obtain a mortgage loan. Which is why choosing the right lender is a very important matter. Continue Reading…