My brain is full of mortgage

[wendyzski]

OK so the guy I was dealing with at WaMu is no longer with WaMu. He's now with an actual mortgage company, as WaMu is phasing out doing those weird kinds of low-income loans.

He says he can still do teh loan, possibly under better terms, but the closing cost terms will need to be slightly different.

The problem is that I made the offer based on the closing cost terms that he told me about 2 weeks ago, and it's THAT offer that was accepted.

So do I just get the "new" terms and get the lolyer to make the changes in the review phase?

My head hurts.

Comments

[jmthane.livejournal.com]

Explain to lolyer (love that term - I'll have to remember it!) what has happened. Let lolyer decide how to handle.

It'll probably be "get the new terms and make the changes in the review phase" - this sort of thing does happen, after all, and it's rarely a deal-breaker.

[wendyzski.livejournal.com]

Sounds good. I don't actually HAVE the contract yet, and I've not been pushing because we were told that the seller's bank wanted to close "in 30 days" and I want to close 8/20. The longer they futz, the smaller the gap between those gets and the better the likelihood that I'll get the closing date I want.

[ashtalet.livejournal.com]

That sounds like what I would expect to happen as well. Your cattorney should be able to sort it out unless there's a huge difference in the terms.