External locus of control. The person who has external locus of control is the opposite of the one who has internal locus of control. That person believes that the whole world is plotting against him, that luck exists and that life is unfair.
FHA loan rules do not permit the re-use of an appraisal once the loan has closed. According to FHA.gov, âFor example, an appraisal used for the purchase of a property cannot be used again for a subsequent refinance, even if the appraisal is within the 120 day validity period. A new appraisal is required for each refinance transaction requiring an appraisal.â.
FHA does technically allow for an appraisal to be extended up to 30 days beyond the 120 day validity period if that appraisal has not been updated per FHA update policy. More important however is the fact that in this current market, no lender is allowing the 30 day extension even though FHA allows it.nder FHA guidelines buyer number 2 and their lender technically have the option to request to extend the appraisal validity period from 120 days to 150 days so that buyer number 2 could still use the original appraisal beyond the 120 validity period if they wanted to.