Maybe I spoke too soon! I didn't realize I had "qualified" for the loan, I thought I was approved.
We put in an offer on the house today, so we'll find out if they accept it tomorrow by 3 PM at the latest. However, if it is accepted, then that's when I find out if I can actually get approved or not? Is that how it works?
Because I'm looking at the letter my loan officer sent me, and it just says "congratulations on your pre-qualification".
What the hell is that bullshit? Why not just tell me if I am approved or not? Why am I making an offer on a house if it's not even 100% that I can be approved?
This really grinds my gears!
We put in an offer on the house today, so we'll find out if they accept it tomorrow by 3 PM at the latest. However, if it is accepted, then that's when I find out if I can actually get approved or not? Is that how it works?
Because I'm looking at the letter my loan officer sent me, and it just says "congratulations on your pre-qualification".
What the hell is that bullshit? Why not just tell me if I am approved or not? Why am I making an offer on a house if it's not even 100% that I can be approved?
This really grinds my gears!