All Forum Posts by: Vu Le

Borrower currently goes with LENDER A, but LENDER A ends up with very high interest rate and fee.

To do price match, I would like to ask whether I need to show LENDER A the lower rate & better fee from LENDER B's rate engine on their portal? 

or if LENDER B's approval and CTC are required to match the price?

and is it legal if LO submit one file to 2 different lenders at the same time?

A borrower filed a wind claim for another property on his insurance a year ago. Though the insurance company agreed to pay him, they have not yet sent out the reimbursement, and the claim is still open today.

The current insurance company can't review the borrower's application because the claim is still open. The closing date is coming up next week and the current property is not insured yet. Is it possible to close and reopen a claim? Please advise.

Thank you very much,

There are two different properties. When borrower refinance cash-out an old mortgage with a 12 Bank Statements lender while applying for a new mortgage with another 12 Bank Statements lender at the same time, will refinancing the old mortgage affect the DTI, and qualification for the new mortgage

Because the 1003 shows the liabilities and mortgage payment of all mortgages? Thank you