Mortgage Blog

Closed another Purchase Loan today

August 22nd, 2018 12:57 PM by Eric Fang

The rate was 7/1 ARM 3.625%, not bad for the purchase. And there is an interesting story for this transaction.

We do not have loan contingency and appraisal contingency for this loan. And I told the listing agent that we do not have any problem for the loan approval. And I provided a pre-approval letter without a purchasing price. The listing agent asked buyer to add $100k extra, but the buyers declined, and they still got the house.
Posted in:General
Posted by Eric Fang on August 22nd, 2018 12:57 PM



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