A person using Sonyma to buy my home is taking a long time and I was told that the underwriter approved the application but it is being reviewed a
second time and under that review my buyer was asked to show more money in his bank account to cover a months interest. Does all of this sound normal? Or is it the begining of a denial for my buyer? Thank You in advance for your responses.
Answers (1)
FIRST ANSWER
There are several steps towards bank approval for a loan. These days, the banks are asking buyers to thread a lot more needles before getting the go ahead. There's no guarantees but it sounds OK. Good luck with it. Didn't your agent give you reassurance?
Ralph Windschuh
Century 21 Princeton Properties
631-467-0009
rwindschuh@c21princetonproperties.com
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