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geds · 11-23-2011, 07:20 PM

What is driving the deadline? The seller will likely extend the contract if they know you are diligently working on acquiring financing. The realtor will likely get a few $ if you move to his/her mortgage company. But, he/she could also be steering you that way because they see a red flag in the hoops your lender is trying to get you to jump through. Down here, closing typically takes about 30 days but can be rushed through in about 3 weeks if necessary.

If your deadline is based on interest rate lock, you need to decide whether the rates have moved up or down from when you locked and whether you can live with the move.

11-23-2011, 07:20 PM	#10
geds Advanced Senior Member Join Date: Mar 2011 Posts: 3,706	Re: Condo Update What is driving the deadline? The seller will likely extend the contract if they know you are diligently working on acquiring financing. The realtor will likely get a few $ if you move to his/her mortgage company. But, he/she could also be steering you that way because they see a red flag in the hoops your lender is trying to get you to jump through. Down here, closing typically takes about 30 days but can be rushed through in about 3 weeks if necessary. If your deadline is based on interest rate lock, you need to decide whether the rates have moved up or down from when you locked and whether you can live with the move.