PCH83
First Time Poster
Cash: $ 0.25
Posts: 1
Joined: 27 Jan 2010
Location: Burnley
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Hello.
I am desperate for some advice and i'm hoping somebody can help me out on here. I was approved for a mortgage 5 weeks ago. My deposit on the property is due in 2 weeks. I have been let down by a family member and i am therefore 2k short on my deposit. My only option is to get a personal loan but i'm worried that the mortgage company will find out i have taken out the loan and withdraw the mortage offer. Is that a possible scenario ? Any advice would be greatly appreciated. Thanks.
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Wed Jan 27, 2010 6:18 pm |
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coaster
Senior Advisor
Cash: $ 1318.80
Posts: 6496
Joined: 11 Oct 2005
Location: Wisconsin
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I don't think a mortgage that's been approved can be withdrawn after the fact based on NEW information that post-dates the approval, unless it's specifically written into the contract.
~Tim~
Eye Candy : Why Whimsy
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Thu Jan 28, 2010 12:50 am |
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C9Consulting
Full Member
Cash: $ 17.65
Posts: 88
Joined: 15 Jan 2010
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Are you sure you want to go more in debt for your mortgage? I'm just curious because it may be better to save the money since you already are approved. At least that's what I would do in your situation.
Cloud 9 Financial
Company Blog
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Fri Jan 29, 2010 3:25 pm |
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CaliChristian
Full Member
Cash: $ 8.50
Posts: 56
Joined: 29 Jul 2010
Location: California
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If its only $2000 that you are short, I think that it is still worth using credit. Make sure that you can afford to make payments on the house, the line of credit and all of your other bills before making a final decision. Good luck!
Non-Profit credit counseling. Over 20 years experience, we have helped over 200,000 families and individuals become debt free.
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Wed Aug 04, 2010 9:49 pm |
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