Buying A Home
tickledpink1843
member
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Nervous about underwriting process.
We did all the paperwork and document submitting (bank statements, etc.) for our loan 2 weeks ago today. This past Tuesday I got a call from our loan person saying that our loan would be submitted for underwriting by the end of this week, and we will hear something back by the middle of next week.
For some reason I am really nervous that our loan won't be approved. We were already pre-approved of course, and our LO told us at the end of our first meeting that she didn't see any reason why we couldn't put in our 60 day move out notice for our lease... so I am not sure why I am so worried.
How likely is it for a loan to go through underwriting and not get the final approval?
Just need some reassurance I guess. :-)
Re: Nervous about underwriting process.
good luck!
breathe.
Probably not what you want to hear....
DH & I were pre approved, and assured the whole way through the buying process. Three days before closing we find out our loan app has been denied. Underwriting "uncovered" something the broker overlooked.
Dont give notice until you close. I hope this type of thing does not happen to you, but sh!t happens & brokers are occasionally stupid. Good luck!
Ahhh.. oh no! So sorry this happened to you. If you don't mind sharing, what was it that they "uncovered"?