What are the chances of a home loan FHA denied the subscription?

Deal Score0

I was told that when he reached the subscription, you’re good. I have also said that nothing is guaranteed until it. From the drawing What is the frequency of the mortgage will be denied if they have reached the subscription?

  1. Reply
    November 18, 2012 at 2:05 pm

    Not true. Any mortgage can be denied up to the day of closing. How often does this happen? Not too often but often enough for people to be caareful.

  2. Reply
    November 18, 2012 at 2:25 pm

    Odds are very good. Your mortgage approval can be denied right up to the moment of the closing.
    That is why the recommendation is to NOT use your charge cards, don’t take out any loans, don’t change jobs and so on. Do nothing that changes your qualifications

  3. Reply
    the kid
    November 18, 2012 at 2:26 pm

    No one can tell not knowing your specific information.

  4. Reply
    November 18, 2012 at 2:46 pm

    Until you have closed this transaction, you can be denied.

    Underwriting is one of the final steps, but you are by no means “good” at this point.

    I have heard all kinds of crazy things that people have done just before a closing because they think they are in the clear. Quitting jobs, buying a car, charging thousands of dollars worth of furnishings for the home, it is not unusual for a mortgage company to verify that all the information is still current just before they issue funds.

    Nothing is guaranteed until you have closed the transaction.

    Leave a reply

    Register New Account
    Reset Password