Is 90 days a reasobable timeframe for refinancing a mortgage?

90 days is completely unacceptable. People think credit unions are great places under a false belief of non-profit, giving you a better deal. In the credit union context, "non-profit" should not be confused with "not making a profit". - which they all do. Another interesting item, huge numbers of credit unions do not actually do first lien home homes internally. Rather, they are simply mortgage brokers for that transaction.

That is extremely long for a refinance. Especially with your credit score. However credit unions are notoriously slower than mortgage brokers. If you like give me a calland we caqn review your full situation and I can give you options. Scott Irvine845-856-2619 O.

Enter your answer here You should have closed by now. Usually the time frame is 4-6 weeks. I would love to take this over and closeit asap. You need to ask them what is the problem that is holding this up. Is there a turnover in staff or is it a document problem etc.Mona HulteenSr. Mortgage AdvisorAdvisors Mortgage Groupmhulteen@advisorsmortgage.com732-233-9436 7 days a week

This is one of the very reasons I advise people to not use the Big Banks or Credit Unions... Dealing with a Mortgage Broker is a much quicker process, it costs less, and your dealing with a licensed, educated, experienced loan officer... but to answer your question.. the 90 time frame is a long time.. you should have closed in 4 to 6 weeks... WilliamAcres.com

Good Morning Johnny...Yes that seems to be a long time for a mortgage approval...Please contact us and we will review your options...Ron856-853-1234e/m Money@RonWohlfarth.com

Hi Johnny,That is a very long time---I am a direct lender--Licensed in NJ and we can close the loan in less thatn 30 days from start to finish--you can reach my cell at 732 547-7226. Call me and we can discuss details--we pride ourselves on Great rates and Great service---Regards,Barry CooperVP Mortgage LendingGuaranteed Rate/ Superior Mortgage Group

Barring a very bizarre situation, any quality lender should be able to complete a refinance in 6 weeks at the outside. A good lender can do this in 4 weeks, and an exceptional lender within only 3 weeks. It may be worth looking elsewhere. Best of luck!

You really shouldn't need more than 30 days....

In a word, NO! 90 days is way to long for any loan, Credit Union or not. You should read my blog post from February 14th. Credit Unions are notorious for cross-collateralization which could put you in a world of hurt if you ever have a financial hick-up. Even if this practice does not worry you, I would definitely start looking for a local Mortgage Banker, Not one of the big banks to get this done for you. 30 days or less is all it should take. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

As you can see the answer is NO....your sounds pretty cut and try...should close within 30....check with a local mortgage banker..Good luck!

90 days it's to much the refinance property shall fall in the 2-4 weeks .My advise to you it's find a Mortgage broker who know what it's doing and start the proces again because any ways you have to start over due to the reason that all documentation you provide to the CU are expired and you have to start over again, appraisals are good for 90 days and the income , assets information and credit data are expired so Dont make twice the same mistake and find a new lender

90 days is not a reasonable timeframe for refinancing a mortgage, but is very typical for banks and credit unions especially now that the volume of refinances has increased dramatically due to the amazingly low interest rates. However, a savvy mortgage broker should easily be able to complete your loan in 30 to 45 days. Depending upon how complete and accurate your loan file is at submission, it could be possible to do it in as little as 14 to 21 days.

I feel your pain, Johnny...I hope your refi went smoother than mine is going. I started mine 9/18/12, and I STILL haven't closed. They have my rate locked at 4%, but I'm seriously starting to consider taking this somewhere else. I've been "in the underwriting queue" since before Thanksgiving.