2007-02-04 07:47:50 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit
The length of time it takes to get a home loan depends on a lot of different things. You have to take into consideration your financial profile and how that affects the process as well as what lender you will be using.
For instance I have lender that can close tyransactions with no appraisal, no incomde docs, and no application in seven days. However their interest rate is 12-14% and they will only lend on up to 65% of what a home is worth.
On the other hand, I have lenders that we can close with in 14 days so long as you have your appraisal and other docs ready to go as soon as they are asked for. They, however require your credit to be at a certain threshold and they want more from you in terms of prood that you can pay.
There is no cookie cutter answer to your question. If you contact me I can call you back and go over everything so you really understand.
2007-02-05 11:57:27 · answer #1 · answered by kevingeorgecampbell 2 · 0⤊ 0⤋
Get a good loan officer and let them do most of the leg work. I recommend Hamlin Mortgage. Take 30 seconds and fill out the free evaluation form at
www.totaldebtsolutionsllc.com
and they will have a loan officer contact you within 24 hours.
2007-02-05 01:14:59 · answer #2 · answered by CALIFORNIA GOLD 3 · 0⤊ 0⤋
good credit
2007-02-04 07:50:42 · answer #3 · answered by RED WHITE AND BLUE 4 · 0⤊ 0⤋