Need I re-apply for mortgage for pre-construction condo?

2 Responses to “Need I re-apply for mortgage for pre-construction condo?”

1. rose says:

   September 22, 2010 at 3:23 pm

   Look at your mortgage loan approval letter, it should state the date that the loan approval will terminate. I would re-apply for a different mortgage loan ASAP, because loan interest rates are now probably lower than your original requested loan. Additionally, your lender will probably want a current appraisal, since real estate prices have changed since your original application.
2. Brian says:

   September 22, 2010 at 3:41 pm

   Unless you have a fixed-rate mortgage, the current mortgage interest rates are very important to deciding how much you should pay every month

   

   

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