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.
Derogatory credit and the time that needs to elapse since an event such as bankruptcy, short sale or foreclosure to complete new financing has been a common question. In summary FNMA/FHLMC, FHA, VA & USDA's guidelines are listed below. A two year waiting period is required since the date of discharge of Bankruptcy. NOTE: Must use sale date shown on Trusteeâs Deed for mortgages included in bankruptcy and a 3 yr waiting period from this date will apply. If FHA Mortgage foreclosure, date FHA paid the claim is required. Call HUD to verify when that was to move forward. A two year waiting period is required from discharge date.