lender #@!&

[procastnate]

What is the name of your state?Florida
We obtained a letter of "Approval" (not pre-approval) from the lender based on a 95% loan. Now, at the last moment, they say we need to come up with more down payment because they will only lend us 90 %. Do we have any recourse????????????

 

[MortgageGuru]

Can you post the exact wording of the Approval letter you received.

 

[procastnate]

Aegis funding
loan number xxxxxxxxx
subject property
Appr value
loan amount
LTV
CLTV
property type
approval expiration date 1/10/05
credit report expiration date 2/8/05
APPROVED