Loan Modification - Free Foreclosure Help - Help Stop Foreclosure » Stop Foreclosure - Promote your business - requires 30 posts in other sections in order to Post » Find a Mortgage Broker » mortgage broker being honest with us?

Short Sale    Loan Modification    Loss Mitigation Training    Short Sales Training
Reply
  #1 (permalink)  
Old 03-24-2009, 09:28 AM
Junior Member
 
Join Date: Mar 2009
Posts: 1
Default mortgage broker being honest with us?

We’re applying for a 250k home loan with 20% down payment. Our credit is 750+ and have no debt. There’s no income issues and it been underwriting for 3 weeks now. The broker said they need all the down payment money in the bank before they can approve the loan. You see, when we apply for the loan we only have 44k in the bank. We needed 50k for the down payment. But there’s no reason we can’t come up with 6k in 2 months when the house is due for closing. Should we look for another loan for wait for this one. Anyone with experiences please give me some advice. Thanks!!!!
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -4. The time now is 07:14 AM.
Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd. Free Foreclosure Help