Make can they remove the loan even if I am paying it on time? by Luis.milca381 from , California. Oct 10th 2018
I agree with the answer from Esta619. You would likely need to speak with the loan officer that was working with you to get the loan or call the new loan service company. However as a general rule of thumb - once a loan closes and FUNDS (meaning the money has been sent via bank wire to the Title Company to either pay off an existing loan or provide to the Seller in a purchase) the loan is complete. Anything following this (Ex; a job loss/change, credit change, asset increase/decrease) shouldn't affect any of the binding loan terms that have already been "consummated." So I expect you'll be OK, but be sure to follow the direction of your loan officer and/or the bank on this. This may not be the complete answer you were looking for, but I hope it helps!
Ask our community a question.