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.
Along with the 90-day limit on credit approvals, you must close the FHA loan within 120 days for existing properties and 180 days for proposed construction of new homes. Should your lender have an oral verification of your employment, this verification must be dated within 30 days of your credit approval.