Need lender help

[s_county]

I think I messed up( new to the game )

I thought I had locked in for 45 days then chase didn’t approve loan in time now locked in time has passed. I have sent in all the docs they have requested promptly, but still no approval. The latest I heard 5 days before the end of the lock period is that the appraiser put down the appraisal as a refi instead of purchase.

I need to close in 30 days – seller getting worried. I’m looking for 30year fixed with 20% down, for a townhouse condo in Chula Vista. It’s already been appraised at 5k above the purchase price.

suggestions ?

[SD Realtor]

send private mail to hls or email him. [email protected]

[SD Realtor]

send private mail to hls or email him. [email protected]

[SD Realtor]

send private mail to hls or email him. [email protected]

[SD Realtor]

send private mail to hls or email him. [email protected]

[SD Realtor]

send private mail to hls or email him. [email protected]

[UCGal]

[quote=SD Realtor]send private mail to hls or email him. [email protected][/quote]
Seconding this. I did the refi with HLS and it was a pain free process.

[UCGal]

[quote=SD Realtor]send private mail to hls or email him. [email protected][/quote]
Seconding this. I did the refi with HLS and it was a pain free process.

[UCGal]

[quote=SD Realtor]send private mail to hls or email him. [email protected][/quote]
Seconding this. I did the refi with HLS and it was a pain free process.

[UCGal]

[quote=SD Realtor]send private mail to hls or email him. [email protected][/quote]
Seconding this. I did the refi with HLS and it was a pain free process.

[UCGal]

[quote=SD Realtor]send private mail to hls or email him. [email protected][/quote]
Seconding this. I did the refi with HLS and it was a pain free process.

[HLS]

Unfortunate decision to go with CHASE.
I was contacted recently by someone else who was putting 60% down and wasted their time with AIM.

Thanks to govt intervention to “protect” consumers, it is more complicated than ever to get a loan today. There are more restrictions, guidelines and disclosures required than ever before.

When a condo/townhome is involved it adds an additional layer of hassle. You need accurate information from the mgmt company regarding budget, financials, insurance, litigation, foreclosures, delinquencies etc.
20% down on a condo is going to cost you a higher rate than if you are able to put 25% down. (It can be .25 to.375 higher) Did they tell you this ?

I have never heard of an appraiser making this mistake. They are sent an order that includes a copy of the purchase agreement. The mortgage side screwed up if they ordered an appraisal for a refi. The appraiser should be able to fix the report after reviewing a copy of the purchase agreement. Someone is lying to you.

Normally closing in 30 days is not a problem. Your existing appraisal may not be valid with a different lender and you will need to get the info from the association.

There is no such thing as an easy loan today.
What is Chase telling you at this point ??
If they can’t make it right quickly,
assuming that you qualify, I will do whatever I can to get it done in 3-4 weeks but cannot guarantee it. You cannot work with 2 lenders at the same time.

Rates have moved up about .375% in the last week. If you are closing in May and are a first time buyer, you may benefit from the state tax credit being offered… HLS

[HLS]

Unfortunate decision to go with CHASE.
I was contacted recently by someone else who was putting 60% down and wasted their time with AIM.

Thanks to govt intervention to “protect” consumers, it is more complicated than ever to get a loan today. There are more restrictions, guidelines and disclosures required than ever before.

When a condo/townhome is involved it adds an additional layer of hassle. You need accurate information from the mgmt company regarding budget, financials, insurance, litigation, foreclosures, delinquencies etc.
20% down on a condo is going to cost you a higher rate than if you are able to put 25% down. (It can be .25 to.375 higher) Did they tell you this ?

I have never heard of an appraiser making this mistake. They are sent an order that includes a copy of the purchase agreement. The mortgage side screwed up if they ordered an appraisal for a refi. The appraiser should be able to fix the report after reviewing a copy of the purchase agreement. Someone is lying to you.

Normally closing in 30 days is not a problem. Your existing appraisal may not be valid with a different lender and you will need to get the info from the association.

There is no such thing as an easy loan today.
What is Chase telling you at this point ??
If they can’t make it right quickly,
assuming that you qualify, I will do whatever I can to get it done in 3-4 weeks but cannot guarantee it. You cannot work with 2 lenders at the same time.

Rates have moved up about .375% in the last week. If you are closing in May and are a first time buyer, you may benefit from the state tax credit being offered… HLS

[HLS]

Unfortunate decision to go with CHASE.
I was contacted recently by someone else who was putting 60% down and wasted their time with AIM.

Thanks to govt intervention to “protect” consumers, it is more complicated than ever to get a loan today. There are more restrictions, guidelines and disclosures required than ever before.

When a condo/townhome is involved it adds an additional layer of hassle. You need accurate information from the mgmt company regarding budget, financials, insurance, litigation, foreclosures, delinquencies etc.
20% down on a condo is going to cost you a higher rate than if you are able to put 25% down. (It can be .25 to.375 higher) Did they tell you this ?

I have never heard of an appraiser making this mistake. They are sent an order that includes a copy of the purchase agreement. The mortgage side screwed up if they ordered an appraisal for a refi. The appraiser should be able to fix the report after reviewing a copy of the purchase agreement. Someone is lying to you.

Normally closing in 30 days is not a problem. Your existing appraisal may not be valid with a different lender and you will need to get the info from the association.

There is no such thing as an easy loan today.
What is Chase telling you at this point ??
If they can’t make it right quickly,
assuming that you qualify, I will do whatever I can to get it done in 3-4 weeks but cannot guarantee it. You cannot work with 2 lenders at the same time.

Rates have moved up about .375% in the last week. If you are closing in May and are a first time buyer, you may benefit from the state tax credit being offered… HLS

[HLS]

Unfortunate decision to go with CHASE.
I was contacted recently by someone else who was putting 60% down and wasted their time with AIM.

Thanks to govt intervention to “protect” consumers, it is more complicated than ever to get a loan today. There are more restrictions, guidelines and disclosures required than ever before.

When a condo/townhome is involved it adds an additional layer of hassle. You need accurate information from the mgmt company regarding budget, financials, insurance, litigation, foreclosures, delinquencies etc.
20% down on a condo is going to cost you a higher rate than if you are able to put 25% down. (It can be .25 to.375 higher) Did they tell you this ?

I have never heard of an appraiser making this mistake. They are sent an order that includes a copy of the purchase agreement. The mortgage side screwed up if they ordered an appraisal for a refi. The appraiser should be able to fix the report after reviewing a copy of the purchase agreement. Someone is lying to you.

Normally closing in 30 days is not a problem. Your existing appraisal may not be valid with a different lender and you will need to get the info from the association.

There is no such thing as an easy loan today.
What is Chase telling you at this point ??
If they can’t make it right quickly,
assuming that you qualify, I will do whatever I can to get it done in 3-4 weeks but cannot guarantee it. You cannot work with 2 lenders at the same time.

Rates have moved up about .375% in the last week. If you are closing in May and are a first time buyer, you may benefit from the state tax credit being offered… HLS

[Author]

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