Are banks allowed to lower the loan amount from that stated in LO after signing? Mine lowered theirs after the property inspection by the valuer.
Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
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 Feb 3 2016, 02:20 PM
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Feb 3 2016, 03:08 PM
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QUOTE(Jasoncat @ Feb 3 2016, 02:28 PM) It's normal for the bank to have condition to the effect that the loan amount to be RMxxx or subject to x% of the formal valuation of the property being financed, whichever the lower. What if it is not stated in the LO, can appeal? |
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