Comments on: Should I apply for new construction loan while waiting for refinance to close? http://www.constructionloanz.com/construction-loan/should-i-apply-for-new-construction-loan-while-waiting-for-refinance-to-close California & Nationwide Construction Loans Tue, 27 Jul 2010 08:33:11 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: maocom1 http://www.constructionloanz.com/construction-loan/should-i-apply-for-new-construction-loan-while-waiting-for-refinance-to-close/comment-page-1#comment-118 maocom1 Fri, 12 Mar 2010 02:15:59 +0000 http://www.constructionloanz.com/construction-loan/should-i-apply-for-new-construction-loan-while-waiting-for-refinance-to-close#comment-118 It would be wise to not start the purchase process until the refinance goes through. The underwriter 9 out of 10 will ask for a letter of explanation for mortgage inquires in the past 90 days on credit. This insures that the debt to income ratios are accurate. Regarding making offer, I don't see a problem with making a offer, but do not start the purchase process until the refinance has closed.<br><b>References : </b><br>www.fhastreamline911.com fha rates, streamline fha, fha refinance It would be wise to not start the purchase process until the refinance goes through. The underwriter 9 out of 10 will ask for a letter of explanation for mortgage inquires in the past 90 days on credit. This insures that the debt to income ratios are accurate. Regarding making offer, I don’t see a problem with making a offer, but do not start the purchase process until the refinance has closed.
References :
http://www.fhastreamline911.com
fha rates, streamline fha, fha refinance

]]> By: Sharon T http://www.constructionloanz.com/construction-loan/should-i-apply-for-new-construction-loan-while-waiting-for-refinance-to-close/comment-page-1#comment-117 Sharon T Fri, 12 Mar 2010 01:34:59 +0000 http://www.constructionloanz.com/construction-loan/should-i-apply-for-new-construction-loan-while-waiting-for-refinance-to-close#comment-117 You must disclose the construction loan to the company refinancing your home, which may well stop it in its tracks. This scenario could be viewed as fraudulent so tread very carefully. A wiser course is to let the refi season well before proceeding.<br><b>References : </b><br> You must disclose the construction loan to the company refinancing your home, which may well stop it in its tracks.

This scenario could be viewed as fraudulent so tread very carefully. A wiser course is to let the refi season well before proceeding.
References :

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