No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Soooo...can I finally share with friends and family that we bought a house...2 months ago?! Hahaha.
What happens if the price of the house went up since the file went to underwriting.
Like you got approved and then your Wife said we need to add something on the house bringing up the price a couple grand.
We got approved in UW for 290k, but now we are looking at 295k.
@tooleman694 wrote:What happens if the price of the house went up since the file went to underwriting.
Like you got approved and then your Wife said we need to add something on the house bringing up the price a couple grand.
We got approved in UW for 290k, but now we are looking at 295k.
Probably going to depend on how close to the DTI limit you are.
Our LP actually told us we are the limit and cannot add anything else to the house, but luckily we went all out for everything we wanted at the design center when we first bought the house. We actually even made two contingent lists ourselves with "Cuts A" and "Cuts B" if they came back and said we can't qualify for the full amount, to be ready to make cuts to options to bring the loan amount down.
@JM-AM wrote:
Mike I believe in not jinxing myself. Until I signed the papers I would be patient.
Besides its much more surprising to move in and invite over for dinner or bbq in your new home!!
Really? So hush hush for the next 6 months until it's built? I don't think I can do that, it would be too odd, especially since my family is here local. Plus it would be fun to share with them and go see the house as it's going up, part of the experience. Of course if the loan doesn't go through at closing, then it would be extra disappointing with everyone knowing.
We are within the DTI limits, just wondering if that will drag out underwriting the second time around. It was like a month process the first time we did it.
Samething Mike is going thru right now.
We close April 2nd and they said shortly before we close we need to do the UW process again. how long does it take.
So when should I be contacting them to run me the second time with an April 2nd closing.