Mortgage Broker or Lender, Louisville, KY
It is a good sign, it means the bank did not reject the proposal outright. It doesnâ€™t mean it is a done deal, just that it passed the initial review. The next step is to review all of the support documents provided by the owner along with your offer to purchase. Good luck, hope it works out for you,
It is a good thing, it means the bank has accepted your offered amount and now it is moving forward. You still have some time before they are ready to close but they are now reviewing the offer. Now to see if they come up with any road blocks that need to be dealt with.