It took the guy 2 days to get back to me to tell me I was prequalified. Its been a day since I turned in W2's and all requested documents
2007-12-03 09:33:20 · 2 answers · asked by Brian K 2 in Business & Finance ➔ Renting & Real Estate
It should not take more than 1 day, if you're turn in all of the documents like bank statements, W-2... requested by lender, all they need to do is some calculation and make a call to verify your employment. But you need to know that to prequalify is diffrent than pre-approved. To get pre-qualitfy you do not need to give them any document at all, all they do is to take whatever you tell them verbally then calculate to see if you qualify, but pre-approval is a little more detail, they will ask for some documents from you. It is better to get pre-approval for a loan than pre-qualify. Seller want so see pre-approval letter from a buyer. GOOD LUCK
2007-12-03 10:51:23 · answer #1 · answered by ChildCare 2 · 0⤊ 0⤋
He or she must disclose respa in 3 days. But I can generaly get in done in about 1 hours time.
2007-12-03 17:43:59 · answer #2 · answered by golferwhoworks 7 · 0⤊ 0⤋