Hi everyone I finally was able to snag a M3 off the existing inventory which means I had to submit another loan application and this time it was through Wells Fargo.
i selected a specific downpayment amount before submitting my application and once my application was approved they seemed to have increased my downpayment and I’m not sure why. I called my SA and he mentioned that maybe the lender required a specific downpayment and that maybe why they increase it which doesn’t really make sense to me because if I were putting down less money I assume they’ll probably just Increase my APR not money put down.
and full disclosure I put down a $7k down payment and after my loan was approved it’s now showing $11800 not sure if anyone has experienced with this situation also I’m not entirely sure if this is the right board for me to post this so I apologize.
I currently have two orders in my account the first one was a chase approval I put down $8k downpayment and it didn’t change after my approval so not sure why the Wells Fargo one did
i selected a specific downpayment amount before submitting my application and once my application was approved they seemed to have increased my downpayment and I’m not sure why. I called my SA and he mentioned that maybe the lender required a specific downpayment and that maybe why they increase it which doesn’t really make sense to me because if I were putting down less money I assume they’ll probably just Increase my APR not money put down.
and full disclosure I put down a $7k down payment and after my loan was approved it’s now showing $11800 not sure if anyone has experienced with this situation also I’m not entirely sure if this is the right board for me to post this so I apologize.
I currently have two orders in my account the first one was a chase approval I put down $8k downpayment and it didn’t change after my approval so not sure why the Wells Fargo one did