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Old 02-28-2005, 03:32 PM
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Location: N. California
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Refi Funding Question

What is the name of your state?What is the name of your state?What is the name of your state? California

I signed docs on 02/25/05 to refi my house. As of tomorrow I will be 2 mos. past due on my mtg. pmt. The broker I'm dealing with stated the mtg. pmts. would be taken care of.

My question is this; I am two mos. behind on my payments with my current lender. Is the new lender likley to still fund the loan? I assume even though I have signed the documents, the new lender still has a lawfull right to not fund the loan. Is this true?
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Old 02-28-2005, 03:34 PM
seniorjudge
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Q: My question is this; I am two mos. behind on my payments with my current lender. Is the new lender likley to still fund the loan?

A: I doubt it, but you never know.


Q: I assume even though I have signed the documents, the new lender still has a lawfull right to not fund the loan. Is this true?

A: Yes.
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Old 02-28-2005, 03:51 PM
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Thank you!!

Thank you for your answer!!
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Old 02-28-2005, 03:52 PM
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Originally Posted by bluzeslider
Thank you for your answer!!
You are welcome....
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