 If you have sold? |
| your house, how long did it take for you to sale?... |
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 Where is the best state to live at for a family of 4 or single? |
| (first of all I live in Va. and it suckS) I want to go 2 a place that is not a commonwealth state. and taxes is not high. and resonable of the cost of living. need some help ... |
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 What is the highest your credit score needs to be to get a mortgage loan? |
| I have been trying to get my credit straightened out for a month now and I was wondering how close I may be to actually getting a mortgage loan.... |
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 Landlord altered lease after I signed it. What can I do? |
| Yesterday my wife and I signed a 4 month extension to our rental lease on our apartment. Later that day someone taped a copy of the lease to our door that had been altered ($50 dollar increase to ... |
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 What do you consider the one factor most important to selling a house? |
| Everyone has a different idea of what sells homes and what it takes to sell a home. Assuming there are buyers out there, how do you reach them and what do you emphasize. What is the key motivator ... |
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 Which is a better deal?!? |
I'm moving and I'm so short on money...
I'm going to be the only one living here, so I don't care if I have to live in a studio! lol.
Tell me which you think would be a ... |
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 Can I refinance with a big cash out if I'm in between jobs? |
| My home is valued at 365K. I have 88K of the original loan left on the house. I'd like to refinance the balance and take a cash out in the amount of 190K on top of it. I have excellent credit ... |
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 Would it best if I was to send my mortgage company a notarized letter stating I no longer wanted my home? |
| or should I just let well enough alone. I want to do what is best for my credit. I am truly hoping I can sell it to someone.... |
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 Is there anything we can do, or are we just SOL? |
Question: Is there anything we do or are we just out of luck?
Situation:We live in an apartment, on the second floor. Our apartment is completely enclosed, meaning that even the stairs to ... |
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 Condo being sold Overpriced... HELP? |
I am probably overracting, but let me know what you think.
My mom had a vacant (clean) condo on sale for $169,000 in Southern California. She received an offer for $177,000 and the buyer ... |
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 Who should I talk to about advice for buying a house or condo? |
| Do you think Bankers would give me sound advice, are there home loan advisers. I want to own my own home, but I honestly don't know where to start.... |
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 Can I refinance if I owe more then my house is worth? |
| I own a townhouse in boca raton and owe 295,000. The market value is less then the 295,000 that i owe. Is there anyway I'd be able to refinance? I have a credit score over 700 and a good job but ... |
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 Is it OK for me to spread broken glass on the basketball court at my apartment complex to keep people off of i? |
| These ghetto thugs from miles away come to our peaceful apartment complex and play basketball and i'm afraid they will ruin the neighborhood and start shooting people and dealing drugs and ... |
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 Help about real estate agent Plzz? |
We are planning to buy a home in Los Angeles area & this is first time .We are planning to work with an agent and Do we need to pay him???If so how much do we need to?
Also can somebody tell ... |
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 I have a 2 year old $625,000 home for sale on a for sale by owner. What are the top 3 things I can do to sell |
| The house is in a very nice neighborhood with all homes looking to 1900's turn of century Charleston and Savannah.... |
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 Is a land lord allowed to enter your apartment when ever he feels like it? |
| My land lord enters my apartment when I'm not home and he turns the heat up if he feels that it is to low. I live on the third floor with an insurence company and a flower shop and another apt. ... |
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Amanda C | Question about buying a home? |
My husband and I have signed a contract with a realtor for a home that we want to purchase. Tonight we meet with the mortgage company to turn in all of our personal and financial info. We were pre-approved before we signed the contract. I know that we won't know for sure about the loan until the underwriter signs off on it, but how long does this take? Could we be closing on the house by the end of the month if the loan goes through? This will be a first for us, so I'm not sure how everything goes. |
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Luke L
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As a seasoned loan officer of ten years working in both capacity of a mortgage broker and mortgage banker, the answer depends on several variables. First, you the buyer need to be on top of everything and get to the loan officer what they need as fast as possible. Second, you need to have a loan officer who knows what to get from you, knows exactly what to expect the underwriter to ask for, and knows how to push things through quickly with whomever they are working with. Most importantly, a seasoned loan officer needs to be communicating with you to keep you updated on the progress. It is their responsibility to ensure the loan closes on time and no-one else. So hold them accountable. As long as everything being done in a timely manner and that he/she has told you that the closing date was reasonable. A seasoned loan officer would tell you upfront if the closing date was not a reasonable timeframe. So if they say, everything is fine,then relax and trust your loan officer. |
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Steve D
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It will partially depend on how good your loan writer is and how backed up the underwriters and title company are. If your loan writer is good and has all your ducks in a row, the underwriter could very well make a decision within 10 days and if the title company is not backed up, you could close by the end of the month. On the other hand, if the loan writer is not on the ball, the underwriters could want more info/documentation delaying the process and it could be the end of next month. I usually find that about 6 weeks from start to finish is average (this estimate is a result of about 15 different closings I have been through, both as buyer, seller, and re-financer). Also, don't forget to build in the house inspection if you haven't had one and don't forget the walk through the night before or day of the closing |
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Kooky Monster
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All the answers here are good but must reiterate what Karla said - and that is not to make any other large credit purchases, open additional credit accounts or borrow additional money / loans that may affect your credit. This could either delay your loan or kill the deal depending how strong or weak your credit is.
Stay on top of your loan officer - if you don't hear anything then make calls for updates. Respond quickly to any and all requests for required documentation. |
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Ed Atun
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We went thru a short period in 2005 when all loans were approved in 30 minutes. It was fun. You could move in by next Wednesday. All finished. Now it is slowing down a little. Probably 3 weeks to get you and house fully approved. I have now met a lender who will start the loan on Monday and you can move in on Friday. I didn't believe it until she did it for the 2nd time. She did the 2nd house in 2 days. I feel like i will never use anyone else ever again. If she can do a complete home purchase in 2 days, everyone else can too. / |
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taya919
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Underwriting usually depends on the lender and how many loans they are processing. It only took our credit union three days to complete our file but I've heard some people complain about it taking weeks. After it came from underwriting, we closed about two weeks later.
I would just ask your loan officer as she's been through the closing process numerous times and can give you her best guess. |
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Alterfemego
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Yes you could close by the end of this month, as long as everyone else handles the transaction promptly. But there are others who have to schedule their part of the work, and that depends on access to the house etc. So while it's not impossible, just don't count on the lender having all their ducks in a row to close.
Best of luck and thanks for being in the market! |
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and we wait...
 |
A closing could take a month. Approval process is the most time consuming part. As long as you have all the paperwork required and no surprises on your credit report that didn't show on your pre-approval. If the sellers haven't responded to your offer (meaning, no counter offer, etc) then, that depends on how long you give. In Indiana, we generally don't offer more than 2-3 days for sellers to respond and we know where we are headed. So, if the offer is accepted, and all is well w/ your credit, finances, I guess a month. Titlework is the final process after mortgage approval, and that can take a week. If they are busy or the closing is set for towards the end of the month (when more people/companies close), two weeks because that is busier time of the month for title/closers.
FYI: Some don't know that you can get approved for your mortgage, then 2 weeks later buy a boat, new car or rack up a credit card and your loan gets denied at that point. most banks will do a second credit check a few days before closing as well as employer verification day or two before closing. So, don't buy a boat and quit your job before you close on the house... no major purchases till you close and are moving in your stuff!!!! |
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Paige P
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