Can the sellers sign closing documents earlier than the buyer?
Yes, the seller can sign documents prior to the closing date.
Should You Compare Prepaids and Escrows When Shopping Mortgage Lenders?
Yes, you should avoid comparing escrow and prepaid numbers on a loan estimate between different lenders.
What’s the Difference Between an Appraisal Waiver and Waiving the Appraisal Contingency?
An appraisal waiver means your lender doesn’t require a traditional home appraisal for your loan, often because your qualifications and the property meet certain criteria. Waiving the appraisal
Can I be declined for a mortgage after getting pre-approved?
Yes, you can. Changes to employment, debt, or assets can nullify a pre-approval letter.
Why do I have to sign a gift letter for providing funds to my spouse to buy a house?
First, this is normally only a requirement because you are not on the mortgage. Second, its a mortgage requirement to ensure large deposits for the purchase of the home are NOT new loans. The gift letter states that NO repayment of the funds is required.