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Financial Some question regarding home loan, process

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TSdvinez
post May 6 2009, 04:04 AM, updated 17y ago

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hi bros,

okay, let me start..im purchasing a 2nd house..

1. i had done s&p,offer letter,loan agreement.
2. bank had just done their evaluation on the house.
3. i called lawyer for current status, they said waiting for the bank to sign documents before they can proceed.

how long only bank will sign ?
and how long more until i get my key ?
i dont want to pay 8% interest per annum.

i signed s&p on 30th march, means bank should release it before 30th jun rite?

thx first for the help.
thx thx thx bros/siss.



cody99
post May 6 2009, 11:58 AM

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bro,
leasehold will take longer as it require state consent
freehold should have many roadblock. U just need to follow up with the finance/bank.
onnying88
post May 6 2009, 01:30 PM

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QUOTE(dvinez @ May 6 2009, 04:04 AM)
hi bros,

okay, let me start..im purchasing a 2nd house..

1. i had done s&p,offer letter,loan agreement.
2. bank had just done their evaluation on the house.
3. i called lawyer for current status, they said waiting for the bank to sign documents before they can proceed.

how long only bank will sign ?
and how long more until i get my key ?
i dont want to pay 8% interest per annum.

i signed s&p on 30th march, means bank should release it before 30th jun rite?

thx first for the help.
thx thx thx bros/siss.
*
There will be no confirm day when will release the money. As the process involve too many things and parties.
What you can do is just check the status, and ask the lawyer to do somethings according the parties that slowed or holding up the process.

 

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