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Financing in Burnsville : Real Estate Advice

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Activity 2
Fri May 9, 2008
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. ... more
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Thu Dec 27, 2007
Patti Ann Kasper answered:
While anything is possible, this is very unlikely. The normal timeframe is more like 4 to 6 weeks. However, if you have gone through the mortgage underwriting process, that will help.

Good luck!
... more
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