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Old 06-21-2010, 06:44 PM
 
3 posts, read 54,879 times
Reputation: 19

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I completed a mortgage application with NACA two months ago. I'm having a home built and it will not be ready until July. According to my GFE, I need to lock the interest rate since the interest rate at the time of the application has expired. What does this process entail? Will I have to complete another application?

My counselor told me that when I completed the application that the interest rate was good for 90 days instead of 60. However, I do not see that written anywhere. Besides, she is the same person who informed me that I would not be charged for the first home inspection when in fact a buyer pays for all home inspections.
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Old 06-25-2010, 04:22 PM
 
Location: Charleston, WV
3,106 posts, read 7,378,115 times
Reputation: 845
You may be better off posting this in the Real Estate forum of city-data.
https://www.city-data.com/forum/real-estate/
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Old 06-26-2010, 09:17 AM
 
1 posts, read 4,017 times
Reputation: 10
NACA has almost made me have a nervous breakdown and assisted in my family almost becoming homeless. I got involved with NACA in Aug. 2009, it is now June 26, 2010 and my family has already invested about $1400.00 into the process and still no closing yet. Not to mention I gave my current Landlord our notice to leave and my family has nowhere to go in 4 days (6/30/10)... AND still no CLOSING!!! And the seller of the home we are trying to buy informed us that because NACA is taking so long they have to put the house back on the market!!! My experience with NACA thus far has been full of incompetence!!!!
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