Asked by Carissa, Brooklyn, OH • Tue Apr 1, 2008
Offer accepted: No mortgage yet. Is this normal?
Hello, we have an accepted offer on the table but we have not gone to contract. My fear is that as we work with the mortgage person at the big bank, if she has any concerns, and the real estate agent hears the concerns, we won't go to contract. (my husband works in an industry that although he has a good credit score and makes a good salary, it's a volitile industry and the bank doesn't love it)
So my question is: is it normal for the seller to be ok with an unmortgaged person as of yet (though I think we will be fine, it will just take time)
Secondary question is : With concerns, does that mean we WON'T get the mortgage or does it mean a higher rate? the bank person said "you provide me with all the information, I create the masterpiece"
Does this make sense?
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