Financing in New York>Question Details

Mets-r-best, Home Buyer in Farmingdale, NY

Preapproval for home equity loan?

Asked by Mets-r-best, Farmingdale, NY Wed Aug 28, 2013

I applied for a home equity loan a few weeks ago. I submitted all documents that were required, the appraisal is done and they are waiting on the title search to come back. Have I been preapproved for the loan? I owe 104k, it appraised for 289k and I am only asking for 50k. I know the title search will come back clear. Is there anything that can prevent the loan from going through?

Help the community by answering this question:


Based on what you described, I do not see any problem. Contact your loan officer or customer service for the status. Things move slower during holidays. Be patient. You do not have any reason to start ANOTHER loan application.
0 votes Thank Flag Link Sat Aug 31, 2013
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Mortgage Banker
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ALAJUWON ALEEM | City Solutions
Licensed Real Estate Salesperson
40 Water Street | New York, NY 10004
Cell (646) 915-5979 | Office (212) 232-0200
Fax (212) 232-0210

"Difficult takes a day. Impossible takes a week."
0 votes Thank Flag Link Wed Aug 28, 2013
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