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Essex : Real Estate Advice

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  • Home Buying2
  • Home Selling0
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Activity 3
Mon Aug 13, 2012
Debra (Debbie) Rose answered:
Yes, the mortgage company/bank most likely will make your approval contingent on the sale of your current home........

that's not your problem.........

your problem is...the sellers most likely will not accept a contingency like that, nor will they take their home off the market with a 'subject to " clause. ... more
0 votes 5 answers Share Flag
Thu Jun 25, 2009
Andrew Adams answered:
No it doesn't.

You can probably get 5% with 1 point in todays market. To pay 3% for something you can get for 1% is nuts!

Why has the lender not been able to perform?
0 votes 3 answers Share Flag
Wed Apr 8, 2009
I would personally take the 5.5% and run! You are closing in 11 days. If you were closing in Jan or Feb I would think about waiting, but 5.5% with ZERO point is a great rate!!
0 votes 6 answers Share Flag
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