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Showing results for tags 'UW'.
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Sorry guys to post this, but i have been searching for a while now, and i guess i can only subscribe to a limited amount of threads... can someone link me the master list of UW phone #s? I can't seem to find them... Very embarrassed.
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This was inspired in part by Ronnie's thread and I'm hoping we can collect some good advice here, especially being on a board that is frequented by many people that are rebuilding. So the question is this: How can you protect your deposits and curb expenses when applying for a mortgage and you are uncertain they will approve you? I think the common answer will be contingencies, which are a good option when allowed. But are there any other options? Some sellers and builders do not allow contingencies. Some only allow them if you apply with their preferred lender. Are these situations that you should just avoid if there's any uncertainty going in? It seems like you really can't know for sure that you will clear UW until you make it all the way through underwriting. For some people, that might be a few days or weeks... for others, especially in the case of new construction, it could be up to a year. What can you do in these instances?
