I began the process on September 20th and did have to fax in a few things to clear up some credit reporting questions. The appraisal was done about 3 weeks ago but my loan officer with countrywide always says he is waiting for the underwriter. What should I do?
2007-11-18 13:02:42 · 4 answers · asked by woodsgj 1 in Business & Finance ➔ Renting & Real Estate
4 weeks
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2007-11-19 06:18:01 · answer #1 · answered by Anonymous · 0⤊ 0⤋
This time frame does not surprise me as there are many in exactly the same position as you are. Credit has tightened a lot and lenders are being very picky and cautious because there are so many in foreclosure. Be patient but stay in contact with your loan officer. Good Luck!
2007-11-18 13:10:52 · answer #2 · answered by Christiane 3 · 0⤊ 0⤋
You should wait. What is he waiting for the underwriter to do? If this is a subprime mortgage application this may be a very long wait.
2007-11-18 15:30:09 · answer #3 · answered by !!! 7 · 0⤊ 0⤋
your loan shouldnt take more than 30days.
It sounds like you might get stuck with finding another lender at the end....or your rates/term being changed.
stop shopping now before it's too late
2007-11-19 01:07:06 · answer #4 · answered by Anonymous · 1⤊ 0⤋