Anyone have experience with their mortgage app being suspended, then go on to approval and closing?
Mine was suspended a few days ago due to dti. It was revived yesterday by a little restructuring and some more money down (sigh of relief….I think).
From reading around on the big bad Internet I found that most times you come out of a suspended app with a denial or approval. Since I didn’t get a denial I figured great, I’m conditionally approved. Well my LO says that’s not so. I just get to go back to underwriting. Is this good, bad, or irrelevant?
I wish this process came with free shots!!!!