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What are the borrower's rights when a lender is requesting additional new documentation on the fourth day after the closing and has not funded the loan?
Wiki User
∙ 18y ago
Not many..A loan is not closed until it has funded..Apparently in your case, you are not dealing with an aboveboard lender or mortgage broker..Unless you do what the lender wants, you will not get the loan..Remember..He/She who has the $$$ makes the rules..After a home loan has closed, a lender can ask you to help correct documentation, but can not change the terms of the transaction.
Wiki User
∙ 18y ago
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What Are The Costs Connected With Term Loans?
Well there is no yearly fee, pre-payment charges, loan documentation penalties, or closing costs.
When using parenthetical documentation in Modern Language Association (MLA) formatting the end punctuation should be placed?
After the closing parentheses for the in-text citation.
Should I walk out at closing of a mortgage if I don't like the final offer?
Absolutely. Many borrowers feel pressured to sign, but a mortgage is far too big of a decision to commit if the terms are not right.
When using the AIDA approach to persuasion the closing should do what?
provide additional evidence and detail not covered in the desire section
Which information is included in the closing of a cover letter?
A reminder of why you are a great candidate.
What are the refinance costs involved in closing a mortgage?
The refinance costs involved in closing a mortgage all depends on the financial institution that holds the mortgage. Most will not have an additional cost, while others may charge.
Can you buy a home in Florida and not have your spouse sign at the loan process and closing especially if you have been separated for a period of time?
If you are in the closing ceremony and your spouse is not listed as one of the borrowers why should there be a problem here? You passed the financials on your owm - I think. Something isn't right here either. This is totally askewed. You may as well confess. Sorry about that!
Can a condo board be sued for closing the swimming pool to save money?
The problem with suing the board is this: you are essentially suing yourself. Collect all the documentation sent to you by the association regarding the pool closing, and sit down with a common interest community-savvy attorney, to better understand your options.
Sample leave applications for medical leave?
Dear (insert name of appropriate individual): I am requesting a personal (paid/unpaid) leave of absence for medical reasons. My first day of leave will be (insert day of week) 10/1/11, and I will return to work on (insert day of week) 10/8/11. I have attached the supporting medical documentation for your review. Thank you for considering my request. Use whatever closing you feel most appropriate - Sincerely, Warm Regards....and your signature.
When is it a good time to refinance a mortgage?
When you can't afford to pay it off. Specifically, borrowers have to consider the costs to apply for a new loan (the points, including appraisal and closing costs), the monthly savings from lower payments, and the length of time they intend to stay in that home.
What documents are needed at closing?
Your bank or title company will provide the loan documents. You should have your social security card, drivers license, or passport and any other documentation they ask for, like paycheck stubs and so on. The lender or title company will let you know prior to closing, or you can call them and ask before leaving for the office.
In a letter of inquiry the closing paragraph should accomplish what task?
Thank the recipient for his or her time, and provide any additional contact or personal information that would be appropriate.
