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green light

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joe joe Guest	Posted: Fri Jul 29, 2011 9:09 pm    Post subject: green light Like 0 Dislike 0 How long after loan disclosure to i have to wait on green light from bank. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
dmitriy Joined: 29 Jul 2011 Posts: 27 6.27 Dollars($)	Posted: Fri Jul 29, 2011 10:42 pm    Post subject: Like 0 Dislike 0 Joe Joe; Typically, once you receive a commitment that is as close as you will get for a green light until you sign the closing papers. As a rule of thumb, until the closing documents are signed, the deal can fall apart even with a commitment letter. Best Regards; Dmitriy Bleynis Regional Sales Manager STERLING NATIONAL BANK STERLING NATIONAL MORTGAGE [Contact details deleted as per our forum rules. Thanks.]
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Mon Aug 01, 2011 9:27 am    Post subject: Like 0 Dislike 0 True, because a commitment letter is generally issued subject to specific conditions. If the conditions are not met, then the approval is voided. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044

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