Episode Details

A preapproval is not a mortgage commitment. In this episode Alexander Parmenidez walks through what can still undo a Rhode Island buyer’s loan between the accepted offer and the commitment date — a job change, a financed car, a shifted debt-to-income ratio, a low appraisal — and why the deposit is protected by the dates written into the purchase and sale agreement rather than by the denial itself.

He covers the difference between a prequalification, a preapproval and a mortgage commitment, the contract windows he typically negotiates, and what to ask a loan officer before writing an offer. General education, not legal advice.

Read the full article in English: https://alexparmenidez.realtor/blog/buyer-under-contract-rhode-island-protect-loan-and-deposit/

Lea el artículo completo en español: https://alexparmenidez.realtor/blog/comprador-bajo-contrato-rhode-island-proteger-prestamo-deposito/

Alexander Parmenidez — Broker Associate, REALTOR®, Coldwell Banker Realty. Licensed in Rhode Island, Massachusetts and Connecticut. 196 Waterman St, Providence, RI 02906. Call or text (401) 426-4857.

This episode was narrated with an AI voice.