Delayed Financing- What if the bank says....

[Jorge Ruiz]

Ok BP I know I've been talking about this for some time but as I think through some things they tend to pop up. So I would really like to pull of the delayed financing when the opportunity presents itself with a local credit union here in California who previously handled a refi for me some time ago (they do 90% LTV on a HELOC) but when I asked they have never heard about it. Can I 'demand' that they do this? Is there someone I should speak to specifically so that there will be no hiccups when I'm ready? Thanks BP!

Jorge

[Chris Mason]

Originally posted by @Jorge Ruiz:

Ok BP I know I've been talking about this for some time but as I think through some things they tend to pop up. So I would really like to pull of the delayed financing when the opportunity presents itself with a local credit union here in California who previously handled a refi for me some time ago (they do 90% LTV on a HELOC) but when I asked they have never heard about it. Can I 'demand' that they do this? Is there someone I should speak to specifically so that there will be no hiccups when I'm ready? Thanks BP!

Jorge

 No, you can't "demand" this. Not every lender is required to offer every loan program out there. And  if you're fighting with your lender on this so early, what are the odds that it actually closes anyways? Close to zero. They don't even know how to originate it, how could they close it?