What to Do if Your Mortgage Commitment Letter Expires Before Closing Day
When you borrow money to buy a new home for sale in Port Aransas, you’ll get a mortgage commitment letter from your lender. The catch is that the letter expires – usually about 30 days from the date it’s issued, but that varies by lender.
So what do you do if yours expires before closing day?
What to Do if Your Mortgage Commitment Letter Expires Before Closing Day
You’ll need to talk to your lender about the mortgage commitment letter expires before you close on your new home. They’ll need to issue a new letter – and if that happens, they may require you to resubmit some of your financial documents. (Lenders usually require your documents to be current – at least within the past 30 days – before they’ll agree to give you the money to buy a house.)
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