|
signed contract to getting mortgage
| Posted By |
Message |
rkoenke
my little piggys
Member since 3/08 4315 total posts
Name:
rachel
|
signed contract to getting mortgage
how long does it take to get a mortgage after the contract is signed?
|
Posted 5/21/09 8:22 PM  |
| |
|
Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
beaviss80
:)
Member since 8/06 1552 total posts
Name:
michelle
|
Re: signed contract to getting mortgage
we were lucky, it only took 2.5 weeks
|
| Posted 5/21/09 8:29 PM |
| |
|
OStewarts
LIF Adult
Member since 11/07 1096 total posts
Name:
|
Re: signed contract to getting mortgage
I think it depends on how backed up the bank is. Astoria told me today that it would take about 1 week.
ETA: 1 week to get approved for a mortgage and then 3-4 more weeks to close.
Message edited 5/22/2009 8:59:06 AM.
|
| Posted 5/21/09 8:53 PM |
| |
|
Elbee
Zanzibar
Member since 5/05 10767 total posts
Name:
Me
|
Re: signed contract to getting mortgage
it depends on the bank and if there is a PMI company involved. With all that is going on with the economy and ank regulations it may take longer than "normal".
Mine took forever and we were very desireable buyers (high credit scores, low debt to income, large downpayment) - but it still took forever. Their excuse was so many bank employees were let go and the backup was huge. It was frustrating for both us and the seller.
|
| Posted 5/22/09 7:21 AM |
| |
|
Potentially Related Topics:
Currently 381274 users on the LIFamilies.com Chat
|
