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Tuesday, April 7, 2015

Interesting Article on Getting Approved For A Mortgage

 

How long does it take to get approved for a mortgage?

By Christine DiGangi
Three days. That's the fastest loan officer Scott Sheldon has ever seen someone get approved for a mortgage.
"He had every single iota of possible documentation you could imagine upfront," said Sheldon, who's a senior loan officer in Santa Rosa, Calif. That three-day turnaround was unusual, but so was the time it took another applicant roughly two months to get mortgage approval. "If the borrower was just a little bit more>