Sentences with phrase «lender about the limitations»
Talk to your lender about the limitations and whether you need specific documentation for the cash gift.
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However, given that the solicitor will only have access to an insurance binder prior to closing (which does not include the terms of the policy), it would be prudent for the solicitor to advise the lender client about the limitation on the solicitor's ability to ensure that the requested mortgage clause is included in the policy prior to closing.