2 hours and 15 minutes left till i have to have finance for our IP, otherwise vendor can cancel the contract …. and CUA still havent told me if we have the $ or not. im having a slight panic attack.
they drive me insane. they have had our application for 6 weeks. the first three weeks were as a pre-approval, which they were still working on … then we changed our application to a proper one. they were doing good …. until all of a sudden we cant get anything out of them. i dearly hope that they ring me within the next 2 hours and let us know.
the lady who is organising it is "in a meeting" and cant take my phone call.
sorry, just needed to vent.
wont the vendor extend? Although it may seem a big ask, you may be surprised. it would mean they have to go through another finance clause with a new buyer if they crash it.
I have to say pretty much every contract i have had since, probably January if not before has gone close to 45 – 55 days with finance being the culprit , taking a majority of that time frame. I just expect it now, although I can certainly understand how frustrating it is from your point of view as the buyer. For me it's just a waiting game to get paid. It seems to be all the banks at the moment cant process an application to save there lives. I really hope it happens for you.
ok well i got a call 45 mins ago from CUA, they need more time. gee it woulda been nice to know more than an hour before it was due. no word back from the vendor about whether they accept an extention or not. hopefully they do. CUA said monday, i bet its at least wednesday.
this might interest you if you want another way to vent
http://www.news.com.au/technology/story/0,28348,25261841-5014239,00.html
it does … but i dont twitter
Unfortunately many lenders are being inundated with applications and taking a while to assess them.
In saying that i dont think CUA would be one of those receiving a truck load of new deals so think it is merely an excuse that the havent a clue. After 6 weeks there is no excuse assuming everything else is equal.
Richard Taylor | Australia's leading private lender
yeah we went with them because we had everything else with CUA and we are planning on refinancing this loan plus another of our mortgages later in the year to buy again. we are going to refinance with another bank. but because we werent ready yet we just stayed with CUA for the time being. at least they waived all the loan application fees, even the valuation.
What? You still use a financier which charges you for app fees & vals???? Shop around Kaz & get a better deal.
SNM
nah they didnt charge me anything
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