You’ve set your sights on being a homeowner and you’ve received your approval from your mortgage banker. It’s all smooth sailing from here until closing, right? Not quite. If your financial situation changes at any time from when you applied until when you close, your mortgage loan may be impacted.
Because your loan was approved based on income, expenses and your credit report, any fluctuations to any of these items may cause your loan approval to be invalid. Depending on the loan type you are getting, there may be specific credit and income requirements.
Loan programs may change at any time with or without notice. Information deemed reliable but not guaranteed. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend. Atlantic Bay Mortgage Group, L.L.C. NMLS #72043 (nmlsconsumeraccess.org) is an Equal Housing Lender. Located at 600 Lynnhaven Parkway Suite 203 Virginia Beach, VA 23452.
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