Comments on: Should I change brokers 6 days before closing on a Va loan? Please help!!!!?

By: Ed Atun

Ed Atun — Fri, 18 Dec 2009 07:56:59 +0000

Tell the seller that you will release your entire earnest money today in return for a 15 day extension of the purchase contract. Then get your loan to a broker who won't cheat you. Switch today..
References :

By: Real Estate Guy

Real Estate Guy — Fri, 18 Dec 2009 07:12:59 +0000

yes, the appraisal can be transferred. In fact, it’s on file with VA for 6 months.

It will however, take 3-4 weeks to close a VA deal.

Without knowing why it’s 4000 more, it’s hard to give you advise.
References :

By: loanmasterone

loanmasterone — Fri, 18 Dec 2009 06:23:59 +0000

There might be cost involved in changing mortgage brokers near the close of the process. The sellers would certainly want to close as soon as possible and made plans that might involve money that they might not be able to get out of.

Negotiate with you lender about the additional fees and see what can be done. If nothing can be done you have to weigh the factors involved to see if this would be beneficial to you. Tell him this is a deal breaker and you are prepared to walk if things are not changed back to the original agreement and what the original GFE indicated the cost of the mortgage would be.

If you simply want to get out of the transaction you could be legally sued and made to pay any inconvenience monetarily encountered by the sellers based on the time frame in which they were expecting this transaction to close.

I hope this has been of some use to you good luck.

"FIGHT ON:
References :

By: estielmo

estielmo — Fri, 18 Dec 2009 06:02:59 +0000

You are only getting screwed if that 4K was hidden from you. Why was the estimate so far off? What was the original BFE? You have the right to a full explanation. Don't forget if you are able to cancel and change brokers the ENTIRE process re-starts from step one.
References :