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RainyDay
LIF Adult
Member since 6/15 3989 total posts
Name:
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Mortgage approval & closing
I cant remember from the last time but how much time was there btwn getting mortgage approval and closing?
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Posted 6/25/19 8:36 AM  |
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chilltocam
LIF Adult
Member since 11/11 9141 total posts
Name:
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Mortgage approval & closing
What exactly do you mean by "mortgage approval"? I got my mortgage approval almost right away, but with contingencies - appraisal, title, etc. But from when I was "cleared to close" it was a couple of weeks, only because the sellers weren't ready - otherwise it probably could have been a couple of days to a week to close from the cleared to close date
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| Posted 6/25/19 10:29 AM |
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RainyDay
LIF Adult
Member since 6/15 3989 total posts
Name:
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Mortgage approval & closing
I guess I meant clear to close. We were just advised they are waiting for something from the title company in order for final approval.
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| Posted 6/25/19 11:44 AM |
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chilltocam
LIF Adult
Member since 11/11 9141 total posts
Name:
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Re: Mortgage approval & closing
Posted by RainyDay
I guess I meant clear to close. We were just advised they are waiting for something from the title company in order for final approval.
Once you are cleared to close, it's just a matter of everyone agreeing to a date. So, it could be a couple of days or more, depending on scheduling issues. Also, I guess if there is anything the seller needs to do (in my case, they had to have the pool opened and running before the closing date), that might cause some delay as well
Message edited 6/25/2019 12:29:11 PM.
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| Posted 6/25/19 12:27 PM |
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LSP2005
Bunny kisses are so cute!
Member since 5/05 19457 total posts
Name:
L
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Re: Mortgage approval & closing
We bought five years ago, but once we found the house it was one month from offer to close.
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| Posted 6/26/19 1:22 PM |
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mommy2be716
LIF Adult
Member since 1/16 2921 total posts
Name:
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Mortgage approval & closing
For our refinance recently, which is slightly diff, we got our approval like 4 or 5 business days before closing
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| Posted 6/26/19 9:46 PM |
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Re: Mortgage approval & closing
Usually banks want to close fairly quickly once the clear to close is given, but there are TRID requirements (3 business days must elapse). It's usually about a week.
But every situation is different - depends on the parties' preferences, attorney availability, etc.
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| Posted 6/27/19 12:43 PM |
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