After you fill out and submit the loan application what happens next? Do they run your credit again, verify bank account info, bills/account balances..ughhhhhhh so stressed. And to boot closing may be moved up to end of june.
cjb88
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Member since
Re: what happens next
dont stress yourself about closing being moved up... techinally you have 30 days from your 'on or about' date...
after you fill out the application they run numbers for you again, tell you what deals they could get you and give you a good faith estimate abotu what your closing fees will be... watch out for 'junk fees' was the advice my attorney gave me about looking at that good faith closing fees list....
suven
Posted:
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Re: what happens next
HAPPY ANNIVERSARY, Myasmom!!!!!
myasmom
Posted:
Member since
Re: what happens next
Posted by cjb88
dont stress yourself about closing being moved up... techinally you have 30 days from your 'on or about' date...
after you fill out the application they run numbers for you again, tell you what deals they could get you and give you a good faith estimate abotu what your closing fees will be... watch out for 'junk fees' was the advice my attorney gave me about looking at that good faith closing fees list....
I went yesterday. They ran our credit last month and he is locking in rates for us. I just dont know what the process is. Do they go intlo every one of your bank accounts and credit cards to verify. DH and I amr eworried about our information due to all the 'security breeches on the news.
cjb88
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Re: what happens next
i just know that I had to submit about 3 of my previous bank statements... i think they need to see where the money is coming from, like that there is no random large deposits coming from no where into your account!
security breeches on the news??? fill me in!
myasmom
Posted:
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Re: what happens next
Bank of America and some other bank had personal information stolen. I dont bank there but this loan process is revealing so much info.
So after you submit the bank statements what do they do..call the bank? Also do they call each and every one of your creditors. This process has me on edge.
