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What are the red flags thatyour financing will fall through before the closing date?
If they say youre retiring, your loan will not be approved.
Lenders could be scared off if they see youve applied for new credit.
If the rate increases, your mortgage payment increases, and therefore your DTI increases.
People often get excited and start purchasing furniture for their new place before theyve even closed the deal.
A lender can only finance on the lesser of purchase price or appraised value.
For example, a leaky roof or dangerous electrical wiring could make the home difficult to live in immediately.
A buyer may overlook cosmetic issues, butstructural or safety defectsmust be addressed.
Your lender wont want to loan you the money for a home requiring another hundred thousand in repairs.
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