M*******r
发帖数: 165 | 1 They mentioned there's coinsurance on the master insurance policy of the
condo community and there's no agreed amount endorsement.
I guess the condo HOA doesn't have enough endorsement for hazard.
BoA says this is a new rule from Fannie Mae and they cannot issue loan for
this type of property.
Questions:
Can I still get a loan indirectly from Fannie Mae? If I get a loan somewhere
else, say Ginnie Mae, would the interest be higher?
Can I pull off my current contract? I have 10k ernest money....
Many Thanks! |
p******y
发帖数: 3523 | 2 没看到master insurance，也不好断言什么，LZ的房子在flood zone么？正常情况下
master insurance的building coverage不够还是第一次听说。如果真像BOA所说，那么
这个condominium很难有买卖成交了就。
能否退出合同，要看合同上是怎么写的了。不过，因为房子本身的问题loan被decline
，seller有可能会要求LZ try其他lender，应该不太会为难LZ的。 |
o*****p
发帖数: 5952 | 3 只要有contingency, 你完全可以毫发无损退出。
尝试其它银行，利率高低很难讲，case by case.
加州利率
http://www.mitbbs.com/club_bbsdoc/SoCalMortgageRealty.html |
M*******r
发帖数: 165 | 4 In flood zone A5.
There are couple of sales in this condominium recently, not sure what type
of loans.
decline
【在 p******y 的大作中提到】
: 没看到master insurance，也不好断言什么，LZ的房子在flood zone么？正常情况下
: master insurance的building coverage不够还是第一次听说。如果真像BOA所说，那么
: 这个condominium很难有买卖成交了就。
: 能否退出合同，要看合同上是怎么写的了。不过，因为房子本身的问题loan被decline
: ，seller有可能会要求LZ try其他lender，应该不太会为难LZ的。
|
M*******r
发帖数: 165 | 5 Yes, contingency. Thx.
【在 o*****p 的大作中提到】
: 只要有contingency, 你完全可以毫发无损退出。
: 尝试其它银行，利率高低很难讲，case by case.
: 加州利率
: http://www.mitbbs.com/club_bbsdoc/SoCalMortgageRealty.html
|
o*****p
发帖数: 5952 | 6 赶快申请另一家。
【在 M*******r 的大作中提到】
: Yes, contingency. Thx.
|
b*d
发帖数: 9308 | 7 你不能直接在Fannie Mae那里申请贷款，必须要通过贷款银行才可以。
somewhere
【在 M*******r 的大作中提到】
: They mentioned there's coinsurance on the master insurance policy of the
: condo community and there's no agreed amount endorsement.
: I guess the condo HOA doesn't have enough endorsement for hazard.
: BoA says this is a new rule from Fannie Mae and they cannot issue loan for
: this type of property.
: Questions:
: Can I still get a loan indirectly from Fannie Mae? If I get a loan somewhere
: else, say Ginnie Mae, would the interest be higher?
: Can I pull off my current contract? I have 10k ernest money....
: Many Thanks!
|
M*******r
发帖数: 165 | 8 loans will eventually be sold to Fannie Mae...
【在 b*d 的大作中提到】
: 你不能直接在Fannie Mae那里申请贷款，必须要通过贷款银行才可以。
:
: somewhere
|
t********i
发帖数: 222 | 9 You may negotiate with BOA and see if you can buy a HO-3 insurance to cover
your condo in stead of a HO-6 ...
I have a condo refi case, lender does not think the master insurance has
enough coverage and it's resolved by buying a HO-3 insurance ...
Contact me if you are in CA, we can let the lender to review your case first
before we submit. |
