Thursday, June 1, 2017

Mortgage has already been approved by the underwriter and we have signed the purchase agreement, other than the appraisal what's next?

Long story short we were planning on buying a family members house and got approved for a loan including the underwriting. That fell through but we found a better home and signed the purchase agreement on Monday. I'm a worrier and so I keep thinking what if they change their minds and don't give us the loan? Other then a bad appraisal, or taking out a loan/new credit card what things could effect the mortgage from not going through?

Read more: Mortgage has already been approved by the underwriter and we have signed the purchase agreement, other than the appraisal what's next?