terms that represent, or try to evoke images or experiences of specific, tangible objects or entities. Concrete terms are usually thought of as opposed to abstractions or generalizations. External conflicts have outside action such as man against man, man against nature, man against fate.
- Borrower must receive servicing transfer statement at least 15 days before effective date of loan transfer-Borrower cannot be penalized for making a timely payment to prior servicer within 60 days of loan transfer-Records must be retained for 3 years for revised GFE; for 5 years for HUD-1s, escrow accounts, and AfBAs.
You apply, the pre-approval process is initiated, then you are pre-approved (or not). Pre-approvals are as good as long as the documentation in the file hasn't expired. Paycheck stubs & asset (bank) statements need to be updated every 30 days, and credit reports are good for 90-120 days. Usually the pre-approval letter doesn't list an expiration date so make sure you ask your loan officer how long it is good for and what exactly will they need to extend it.