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Old 05-24-2010, 03:12 PM
 
11 posts, read 44,622 times
Reputation: 18

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Hi,

Wondering if any insight can be provided....

I have gone through pre-approval for a mortgage and have been pre-approved. I had to sign many conditional approval forms and provide all documentation... 1040s, W-2s, paystubs, ect. My P&S stipulates that I will supply my loan commitment by June 1st, which is just about 1 week away. I spoke to the loan officer late last week and they informed me I am all set to go, I just needed to provide my Insurance Binder. I understand that my loan officer does not want to get me nervous, but has been acting very confident about the loan.... I still do not have a formal commitment, so I don't feel secure yet. I have submitted everything including the insurance binder at this point.

Is this a good sign? Does it ever happen that the commitment is not given after insurance is requested?

Thanks....
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Old 05-24-2010, 03:19 PM
Status: "No, I am your favorite agent." (set 5 days ago)
 
Location: South Metro Denver for 25 years
8,668 posts, read 19,313,007 times
Reputation: 4399
Where is this? Different state have different normal customs.

I would guess you are close, but this is the last week of the month, unless you are schedule to close this week, it'll be next week before you hear.
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Old 05-24-2010, 03:20 PM
 
11 posts, read 44,622 times
Reputation: 18
I am in Massachusetts.....
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