Apr 7 2016, 10:35 AM
QUOTE(yanyanyan @ Apr 7 2016, 12:14 AM)
hi guys, I am new to property matters.
currently I am letting go my DSL house through an agent. Would like to check with you guys on these.
Lets say I have signed Letter of Cnnfirmation for Sales. However, buyer wanted to get loan approves, I agree to give up to a month for her to get the loan. However, I was told by my peers that getting loan approve is not that complicated as long you provided bank all the necessary documents.
As days goes by, agent requested me to get my property's snp for bank valuation or loan purpose. my question is if I am not planning to use her anymore (if the buyer's loan reject), can she "do" anything with the documents I provided her?
Also, is it compulsory for us to give our property-soon-to-sold snp to agent? and how long usually mortgage loan takes to approve by bank?
thank you for your upcoming input. have a nice days guys.
Hicurrently I am letting go my DSL house through an agent. Would like to check with you guys on these.
Lets say I have signed Letter of Cnnfirmation for Sales. However, buyer wanted to get loan approves, I agree to give up to a month for her to get the loan. However, I was told by my peers that getting loan approve is not that complicated as long you provided bank all the necessary documents.
As days goes by, agent requested me to get my property's snp for bank valuation or loan purpose. my question is if I am not planning to use her anymore (if the buyer's loan reject), can she "do" anything with the documents I provided her?
Also, is it compulsory for us to give our property-soon-to-sold snp to agent? and how long usually mortgage loan takes to approve by bank?
thank you for your upcoming input. have a nice days guys.
I'm actually a mortgage specialist
Regards to the matter.
Loan application normally take about 3 - 4 days to get approval.
SNP / Title of the property is required as the bank will need to charge the property in the event the loan is approved.
For bank valuation, SNP is not require as it's a verbal valuation, unless your property is hard to detect, they will request the property title.
She can't do anything with the document as it's just your title bearing your name and detail.
Feel free to let me know if you need any more guides
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