Ok this might seem like a silly question but I'm getting so anxious about a deal I'm working on I'm just making sure I have everything perfect
Does the finance date mean I have to get bank approval by this date, OR does it mean I have to get bank approval AND sign off on all the mortgage documents by this date? The latter is not possible as the other signatories are overseas on holidays until after the finance date.
I assume it's the former, not the latter, right? Because correct me if I'm wrong but the finance date doesn't actually mean anything other than "are you able to go unconditional?" by X date. As far as the seller knows, I may not have even contacted the bank yet, as long as I'm willing to go unconditional by that date (which isn't the case, but just to highlight an extreme scenario)
Right now I have full unconditional approval and don't intend on doing anything else until they get back from holidays, which is after the finance date, but before settlement. I'm just crazy paranoid that I might have missed something
Does the finance date mean I have to get bank approval by this date, OR does it mean I have to get bank approval AND sign off on all the mortgage documents by this date? The latter is not possible as the other signatories are overseas on holidays until after the finance date.
I assume it's the former, not the latter, right? Because correct me if I'm wrong but the finance date doesn't actually mean anything other than "are you able to go unconditional?" by X date. As far as the seller knows, I may not have even contacted the bank yet, as long as I'm willing to go unconditional by that date (which isn't the case, but just to highlight an extreme scenario)
Right now I have full unconditional approval and don't intend on doing anything else until they get back from holidays, which is after the finance date, but before settlement. I'm just crazy paranoid that I might have missed something