1 Borneo Condominiums Nearly Full!
by enplaytime More about Mercè Article by Leah Penn More informaiton please visit here… Question by reni768: Is there a time frame on closing on an FHA mortgage loan? I am in the process of buying a house and I know the lender said she had a deadline on completing the paperwork. She got the approval on Friday and says we can close this coming week though we have to come up with $ 3800 down. I have about 1/2 of that and I was wondering is there a time limit on an FHA loan on when you have to close or can our closing be pushed back a week or two for me to get the rest of the down payment?? We have not locked in a rate. My realtor is involved. I dont want my rate to change b/c we got a good rate. I may just have to go ahead and close this week. The money is part that I have saved, medicine some my dad has given me and my sister is going to allow me to borrow some if needed. I guess I could say that money is a gift from her and me & her know between ourselves that I am paying her back! Best answer: Answer by Dale … Your Maryland Net RealtorPart of the “deadline” for your loan will be whatever lock there is … the amount of time that the interest rate you were quoted will remain in place. Normally lenders don’t lock you in at a rate for too long … possibly up to 30 days … because the rates change so quickly. Possibly the thing that would be more important than what the lender says is what the contract to purchase the home has as a settlement deadline. If you are required under the contract to settle on or before “October 6” and you don’t do it, drug the contract could be declared null and void by the sellers and you could theoretically lose your earnest money deposit. You should verify your settlement date and make sure that your Realtor works with the sellers’ agent extend the settlement deadline if possible. Give your answer to this question below! by Editor B Question by riddlinroy: my fha mortgage is not insured – what do i do? We went to re-fi our FHA mortgage because the rates are lowered. Turns out our FHA mortgage was not insured by the company who did our mortgage paperwork. The company admitted it was their fault for not filing the paperwork correctly. We are not able to get a re-fi unless we can show we have insurance. The company that did our mortgage keeps telling us that they will file the papers – it’s been 6 months and nothing. Should I call a lawyer or pursue legal action? Should I keep calling the mortgage company that originally filed our paper work who keeps blowing us off? (BTW – they are jerks – big time – I’ve talked to their president a few times and he is a sarchastic #@(*&#)@# – excuse my french) but my wife and I are just extremely frustrated. We don’t know where to turn. there seems to be a misunderstanding. my mortgage company who did the FHA loan did not insure the loan thru FHA – they didn’t file the paperwork. I have homeowners, viagra sale life, treatment disability, medical, dental – etc. what i don’t have is an insured FHA mortgage. Because it is not insured – if we foreclose on our house – the gov’t doesn’t pay out...
Read More