Apr 7 2021, 06:37 PM
QUOTE(Oklahoma @ Apr 7 2021, 06:32 PM)
Hi first time property buyer here...this morning received a reminder letter from developer saying I need to sign S&P and Deed of Mutual Covenance (DMC)...
But my loan has not been approved yet...have submitted documents to banks
Should I just ignore the mail..? But they say need need to sign within 14 days..if not they will release unit?
Loan and spa are two different things and can be signed in whichever order that you like. The only reason why everyone sign loan first because it ensures you have the financing to purchase the property. If you sign spa first and your loan gets rejected then you’ll be in trouble since you won’t be able to finance the property. With regards to your issue, did you pay any booking fee? If not then they give you 14 days to get your loan before they release the property is reasonable.But my loan has not been approved yet...have submitted documents to banks
Should I just ignore the mail..? But they say need need to sign within 14 days..if not they will release unit?
This post has been edited by GreenSamurai: Apr 7 2021, 06:38 PM
Quote
0.0170sec
0.36
6 queries
GZIP Disabled