I locked a year mortgage at 3.375% on 9/6/with a day lock and paid for the appraisal and credit report on September 8th for $The appraisal came in low, $15k lower than one that was done weeks prior so I was hesitant to move forward as it would have involved PMI at the current amount I applied forThis took place on 9/30.....The staff at Hart West advised that I could submit comps to challenge the valuation and I did that the same day and next and sent the appraisal that had been done weeks prior with the valuation of $509,I assumed this was all that was needed as I did not hear back from the lender and had submitted the other additional information they needed clarification onI finally heard back from Hart West on 10/and confirmed that I would move forward with the lower valuation and bring more money to closingI was the told my lock would expire on 10/and the company said it would cost an additional $to extend the lock
I asked them to honor t
I locked a year mortgage at 3.375% on 9/6/with a day lock and paid for the appraisal and credit report on September 8th for $The appraisal came in low, $15k lower than one that was done weeks prior so I was hesitant to move forward as it would have involved PMI at the current amount I applied forThis took place on 9/30.....The staff at Hart West advised that I could submit comps to challenge the valuation and I did that the same day and next and sent the appraisal that had been done weeks prior with the valuation of $509,I assumed this was all that was needed as I did not hear back from the lender and had submitted the other additional information they needed clarification onI finally heard back from Hart West on 10/and confirmed that I would move forward with the lower valuation and bring more money to closingI was the told my lock would expire on 10/and the company said it would cost an additional $to extend the lock
I asked them to honor t