My pre-approval is almost over and the realtor advised me to call Navy Federal and ask the lender to put it on hold and allow me to submit all my documentation she said the loan was contigent: ie: Tax returns and bank statements and closing fees. I called her requesting this, and she has not responded to my calls regarding submitting the documents now To speed things up, is this doable or the realtor is advising me on something that is not possible? I don't want to keep bothering her and asking her to allow me to submit documents when she is not responding. The pre-approval is for 60 days and started the day I applied and NOt the day that she told me it was approved. I have 10 days left and it will expire.......Is this possible to for me to just mail the contingencies to the loan officer, although she has not responded? I know I will have to re-apply again. The loan rate she offered was 4.5 interest rate and I am dreading dinging my credit report again
You would just need to ask your loan officer what documentation they require for extending the pre-approval - it may just need to be a new credit pull, your latest bank statements, your most recent paystubs, etc. Your loan officer can tell you exactly what updated documentation they'd need.
Yep - every lender that I talked to said that the pre approvals were good for 90 days and that a re check of credit would be necessary if needed to extend. And non offered a rate lock until I was under contract... So maybe it's just the rate lock that expires in 10 days.
No possiblity that you can get a house under contract in 10 days?