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I'd like to know what my rights are if I need more time (60 days)to obtain better financing since the mortgage lender attached to my sellers incentive ($7500 closing) failed to provide me with a loan as discussed at the time that I signed by contract with the seller and paid my agreed upon 5% down. I was quoted three good faith estimates on both conventional and combo loans. I connected with the mortgage company immediately and supplied all info requested. I made no credit inquiries as instructed in 10/06 and score as of 2/06 was at 620. I have dissolved most debt to date .I got no response for three months, despite multiple inquires until about three weeks from closing. Now I have a loan being offered for 50 years at a 9.150 rate, $400> mortgage payment and request for additional monies down.
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