ANSWERS
TO SOME FREQUENTLY ASKED
FINANCING QUESTIONS
Q.
COULD ANYTHING DELAY APPROVAL OF MY LOAN?
A.
If you provide the lender with complete, accurate information,
everything should go smoothly. You may face delay if the lender
discovers credit problems -- a history of late payments or nonpayment
of debts, or a tax lien. You may then be required to submit additional
written explanations or clarifications. You should also be sure
to notify your lender if your personal or financial status changes
between the time you submit an application and the time it is
funded. If you change jobs, get an increase (or decrease) in salary,
incur additional debt or change your marital status, let the lender
know promptly.
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