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.
Some lenders will also request an appraisal dated after the contract date in any case. To recap: Most appraisals are good for 60-90 days. Some appraisals are accepted up to 120 days as a matter of course. FHA only accepts appraisals up to 120 days and allows recertification of 30 additional days.