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Updated over 1 year ago,

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10
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9
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Sean Link
9
Votes |
10
Posts

Part 3: Closing my first deal. What I would do differently. Lender Backout.

Sean Link
Posted

After I paid 75% of the expense to fix the egress windows, my lender backed out of the deal for another detail that was mentioned in the appraisal. I frantically reached out to 4 mortgage brokers and 1 bank. Amidst my own panic, I forgot to mention to one of the brokers that I was in negotiation with other lenders. That broker ended up pulling an all nighter to find me another lender and I ended up going with the bank to ultimately service my loan. I felt bad that I wasted the brokers time and wish I had been more transparent.

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