Home equity loan... Can someone give me a detailed timeline of the process from the initial application until?

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Home equity loan... Can someone give me a detailed timeline of the process from the initial application until?

you get the cash out in your hand??? Thanks!!

2007-12-11 05:19:56 · 2 answers · asked by idgaf 5 in Business & Finance ➔ Renting & Real Estate

2 answers

it could be as little as 24 to close but then you will get the money after 3 days of rescission. The process could also take up Two 2 weeks as well depending on the lender and their requirements to close.
I am a mortgage banker in TN & KY

2007-12-11 05:28:29 · answer #1 · answered by golferwhoworks 7 · 0⤊ 0⤋

There is no set timeline. It will depend on the fianancial instituion that you got the home equity loan from. I hope that you really needed the money to risk losing your house on it. Good luck.

2007-12-11 05:23:33 · answer #2 · answered by kevin h 5 · 0⤊ 0⤋