Not having that number and giving it to your mortgage lender can
delay your mortgage approval.
Incorrect information could
delay your mortgage approval process and screw up your entire moving process.
Not exact matches
That being said, lenders say first - time homebuyers often
delay approval by failing to gather the required financial documents ahead of applying for the
mortgage.
Not disclosing credit problems up - front or holding back requested documents will only
delay the process and potentially prevent
mortgage approval, so it's to your benefit to fully disclose everything about your finances.
Delays on
approval for
mortgage applications in most cases occur for the same reason, lack of documents for
mortgage approval.
``... may
delay, interfere with or prohibit the timely
approval of any subsequent request or application you make regarding a new loan, credit,
mortgage, insurance, government services or payments, rental housing, employment, investment, license, cellular telephone, utilities, digital signature, Internet credit card transaction or other services, including an extension of credit at point of sale.»
We pay cash for your house — no
delays at the closing table, no hassles with bank
mortgage approvals, and no reason why your home can't close in 7 days in most cases.
But a freeze can also potentially
delay, interfere with, or prohibit timely
approval of any financing request or application, such as with a
mortgage, rental housing, new loans, utilities, and more.
When an all - cash offer is in play, sellers don't have to worry about
mortgages, lenders,
approvals,
delays in escrow, or stringent appraisal requirements.