Over the years, we have found that addressing these potential roadblocks ahead of time, often alleviates much of the fear around the process. Lender does not properly pre-qualify borrower. Lender has a personal discrepancy with the borrower. Lender decides at last minute they aren t comfortable with the property. Lender wants property repaired or cleaned prior to close.
Lender raises rates, points, or costs.
Borrower does not qualify because of late addition of information. Lender requires at last minute, a re-appraisal. The borrower does not like the fine print in the loan documents that is received three days before close. Lender misplaces a file. The lender does not simultaneously ask for information from the buyer, they ask for it in bits and pieces.