FREQUENTLY ASKED QUESTIONS

Q.   Once I sign my application, am I committed to borrow the money?

A.    Some people feel like once they have signed an application, they are obligated to borrow.  That is not true.  In fact, none of the documents you sign are contractual until you are actually at closing and sign your note.

Classic Mortgage is approving your application to put you in a position to make an offer, purchase a home and close a mortgage loan.  You are not obligated for the loan transaction until you sign your closing documents.                                      

                                                                                August 7, 2008

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