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If you waited 49 days without receiving an answer and now have received an estimate from a lender on an equity loan you applied for does it mean that you have been approved for the loan?
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I received an estimate from a lender on the equity loan I applied to done that mean I am approve for a equity home loan. I have been waiting 49 days with no answer that I was approved?
An estimate is not the same as an approval. It is possible the lender does not know you are still interested. When borrowing money from a bank, I would not let a week go by without a phone call to see how it is coming. Give them a call.
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