Chris South

"FHA Pro"

I'm a:	Real Estate Professional
Company:	Ascent Home Loans
Location:	Minneapolis
Phone:	(612) 867-5968

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I got 100% finance pre-approval from my back through a mortgage representative and received the approval in

Asked Mon Apr 14 2008, 21:19 by John Nortton - Minneapolis - Financing - 6 answers

Chris South answered:

John,

They can change the rules up to and at closing he who has the money makes the rules.

That said you can still obtain zero down financing in todays market.

I recommend contacting another lender or myself . - Fri May 9 2008, 09:40

Help! Help! I am really confused about how late can i change numbers for mortgage?I am a first time

Asked Tue May 6 2008, 21:25 by shrema - Burnsville - Financing - 2 answers

Chris South answered:

Sherma,

Your loan officer should be able to change the down payment and loan price for you.
It may require updated forms if you loan is a FHA loan but hey who care underwriting dhould only take 2-3 days at most so you would still have plenty of time to close. My only concern is why would you want to put an additional 5000.00 down on a home at this time it will have a very minimal effect on your payment and with the declining prices may just evaporate in you homes value. I think you would be better off keeping the 5000 as a reserve against future expenses that may arise. - Fri May 9 2008, 09:33

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