Help!

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Icon Mini Profile svromeo00




Joined: 30 Oct 2009

Posts: 17

4.45 Dollars($)
PostPosted: Sun Nov 08, 2009 10:19 pm    Post subject: Help!

Does everyone get a truth in lending disclosure? Will they send you that package even if you aren't going to be approved? I just received mine from wels fargo. I understand it is not a contract or an approval. But I am curious if thats a good thing that I was sent that...or is that just something everyone gets??
Icon Mini Profile savior70




Joined: 25 Mar 2009

Posts: 1783
Location: Florida
239.40 Dollars($)
PostPosted: Mon Nov 09, 2009 3:29 am    Post subject:

Hi,

The lenders are required by law to send you truth in lending disclosure documents, if you've applied for a mortgage. It does not mean you've been approved for the loan. This is something that everyone, who has applied for a mortgage, gets from the lender. You can still be denied for the mortgage, if you do not fulfill the required eligibility criteria.
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