How Long Will It Take To Refinane?

If you provided all your information in three days and the appraisal is complete you should have an answer by now.Our underwriting turn time is 48 hours and we close most loans in about two weeks.I would sugest you ask your lender what the holdup is or consult another lender at this time.If you would like some more information please dont hesitate to contact me at pbodine@bncnationalbank.com

Marvin, Each loan is its own individual entity these days. Turntimes from application date to settlement date can vary greatly depending upon a multitude of variables. I could list them all but it would me take me the rest of afternoon and I would still miss some. Make sure your Loan officer is giving you a good rate and fees but also make sure he/she is a great communicator with a clear knowledge of the mortgage industry and process.

Marvin, I do not know why your refinance is taking so long. But one thing is obvious....COMMUNICATION. The average refinance takes less than 30 days. If you should decide to seek the assistance of another lender, please consider Freedom Mortgage. We are Direct Lenders and fund loans in all 50 states. I am also available for any and all questions. adennie@fmbranch.com

I am not sure what type of loan you are applying for but 2 months is too long for any loan. I would ask for an approval letter from him with a list of conditions on the loan so you know exactly where you stand. In never hurts to have a second opinion to evaluate all of your options. Best of luck!

Refinancing a property could take anywhere from 17 business days to 45 business days. If your property does not require any kind of repairs or re-inspections after the appraisal has been completed, you should be able to close your loan withing 3 weeks max.Please do not hesitate to contact me via email at Houtan.Hormozian@Crestico.com or call me at 949 242 5215

It seems a little odd you'd be this long if you provided all necessary information in 3 days and your appraisal was done in a week, yet you're still not closed 60 days later. While every transaction is different, you should at least have some idea why there is a delay. I've seen seen a couple circumstances like this, though, from a couple very large banks that will not be named where customers were waiting up to five months and still not closing...get a clear answer now, so you don't waste two more months.

The process should take no longer than two weeks. Obviously your lender has over promised & under delivered. My rates & fees are the lowest available. Try me!! toddt@mainstretfin.com.