akkum_bakkum Posted January 28, 2022 Author Report Share Posted January 28, 2022 1 hour ago, hunkyfunky2 said: Usually they do last minute credit check just before the close.... They also ask you about credit enquiry by other loan provider ( they will see all credit inquiries ) 2nd inquiry 45 days mundu chesaru already, surprisingly aa loan inquiry forms emi malli ivvaledu. First close chesina house vadaithe credit inquiry forms sign cheyinchadu before closing Quote Link to comment Share on other sites More sharing options...
ZoomNaidu Posted January 28, 2022 Report Share Posted January 28, 2022 1 minute ago, akkum_bakkum said: I felt the same okati already closed and done. 2nd di about to close but no objections so far. Not sure whether to sign it or not. Asalu reason entante I paid deposit and 2nd house is not returning my deposit. Not interested in making money but sell it and get my deposit back. Contract signed price nunchi ippatiki 70k went up. Sales says of not you we can sell it off. We will let you close and make ur money instead. Okati closed ayithe fine bro - but 2nd vaadiki cheppu (they’ll come to know anyway) I recently closed it and if it’s already rented out, you can show that as an income for the secondary loan - as long as you have good DTI & capital, it should be a smooth process but more documentation will be asked most likely. Quote Link to comment Share on other sites More sharing options...
pandemkodi Posted January 28, 2022 Report Share Posted January 28, 2022 2 minutes ago, ZoomNaidu said: Okati closed ayithe fine bro - but 2nd vaadiki cheppu (they’ll come to know anyway) I recently closed it and if it’s already rented out, you can show that as an income for the secondary loan - as long as you have good DTI & capital, it should be a smooth process but more documentation will be asked most likely. He saying at the same time with out each other knowing one after one is easy case as you said if his dtl is good Quote Link to comment Share on other sites More sharing options...
Battu123 Posted January 28, 2022 Report Share Posted January 28, 2022 57 minutes ago, csrcsr said: oka illu e dukku dukku ani nadustundi @Sucker idi vinnara annai inkola ardam chesukunnadu clarity ivvu vachi Quote Link to comment Share on other sites More sharing options...
hunkyfunky2 Posted January 28, 2022 Report Share Posted January 28, 2022 21 minutes ago, akkum_bakkum said: 2nd inquiry 45 days mundu chesaru already, surprisingly aa loan inquiry forms emi malli ivvaledu. First close chesina house vadaithe credit inquiry forms sign cheyinchadu before closing You can take a chance but it may come up under fraud as you do sign a document saying there are no other loans in flight... Quote Link to comment Share on other sites More sharing options...
akkum_bakkum Posted January 28, 2022 Author Report Share Posted January 28, 2022 2 minutes ago, hunkyfunky2 said: You can take a chance but it may come up under fraud as you do sign a document saying there are no other loans in flight... Exactly. Post closing intent edaina aa document sign cheyyadam misrepresentation aithadi. Daanni automatic ga flag chese mechanism emaina vunda ani doubt Quote Link to comment Share on other sites More sharing options...
ZoomNaidu Posted January 28, 2022 Report Share Posted January 28, 2022 20 minutes ago, pandemkodi said: He saying at the same time with out each other knowing one after one is easy case as you said if his dtl is good @Assam Xpress Quote Link to comment Share on other sites More sharing options...
ZoomNaidu Posted January 28, 2022 Report Share Posted January 28, 2022 1 minute ago, akkum_bakkum said: Exactly. Post closing intent edaina aa document sign cheyyadam misrepresentation aithadi. Daanni automatic ga flag chese mechanism emaina vunda ani doubt credit report is the only source for them afaik - the moment you take loan, it gets updated in 30 days(sooner also). Usually after closing, they don’t pull ur credit report again but randomly they do audit - neeku gaani vatra sudi vuntey @Assam Xpress Quote Link to comment Share on other sites More sharing options...
sri_sri999 Posted January 28, 2022 Report Share Posted January 28, 2022 11 hours ago, akkum_bakkum said: 2 loans okesari approve ayyi closing daaka vasthe sign cheyyocha? lenders kanipedathara close ayyaka? nenu oke sare 3 close chesanu nothing is impossible as far as you have the guts and ready to face the consequences Quote Link to comment Share on other sites More sharing options...
akkum_bakkum Posted January 28, 2022 Author Report Share Posted January 28, 2022 1 hour ago, sri_sri999 said: nenu oke sare 3 close chesanu nothing is impossible as far as you have the guts and ready to face the consequences Wat consequences? Wats at stake here anedi telisthe is it worth the risk ani chudochu Quote Link to comment Share on other sites More sharing options...
godfather03 Posted January 28, 2022 Report Share Posted January 28, 2022 2 hours ago, sri_sri999 said: nenu oke sare 3 close chesanu nothing is impossible as far as you have the guts and ready to face the consequences nuvvu loan tho ne close chesava 3 houses ki? Quote Link to comment Share on other sites More sharing options...
naranjaX Posted January 28, 2022 Report Share Posted January 28, 2022 Quote Link to comment Share on other sites More sharing options...
rmJU72 Posted January 28, 2022 Report Share Posted January 28, 2022 Sounds like more of a bank loan issue than legal. If the second bank thinks you can still afford it, they might be ok. Instead of getting tensed just explain the situation to the second bank and check if they are ok with your second purchase. You can even shop around and find another lender who is ok with your situation. Quote Link to comment Share on other sites More sharing options...
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