Sunday, January 4, 2015

What's the average time for a mortgage to go through?

Applied for a mortgage, and while it was approved, there always seems to be some sort of red tape, such as, "Oh, we need this faxed over" and "we need to talk to your bank" and "we need to make sure the heater works fine before we finalize it." As a result, the closing date keeps getting pushed further and further back.

So what's the average amount of time for this process to take? And is the problem with the mortgage company, or the realtor, in your opinion?

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