If a rate - lock extension was made necessary by borrower - caused delays — for example, when a borrower didn't
return necessary documentation or disputed a low appraisal — then a fee would be charged.
Not exact matches
Preparing tax
returns, gathering the
necessary documentation, and double - checking that everything you filled out is correct can stress out even the most organized person.
On the other hand, a pre-approval entails the lender gathering all
necessary documentation — your tax
returns, bank statements, pay stubs, and more — packaging the loan, and submitting the file to an underwriter for review.
Trion, in its sole discretion, may require additional information and / or
documentation to verify your claim, and once Trion has the information that Trion deems
necessary to verify your claim, Trion may take action to freeze your Virtual Currency and / or Virtual Goods and, if frozen, may unfreeze such Virtual Currency and / or Virtual Goods once Trion has
returned control of your Virtual Currency and / or Virtual Goods to you.
It also helps make sure that the
necessary exchange of financial
documentation (tax
returns, W - 2s, 1099s, pay stubs, bank account statements, investment account statements, credit card statements, real estate and business documents, etc.) takes place so that any settlement achieved is based on a sound financial foundation rather than merely based on the «trust - me» principle.
It's a relatively simple process: the buyer finds a conventional mortgage lender; applies for the loan; furnishes the
necessary documentation to the bank (tax
returns, proof of employment, credit report, etc.); the home is appraised; the buyer / borrower provides proof of insurance; escrows are calculated and collected; and the transaction closes.