Close Your Home Loan in 10 Days or Less
Why Take 30 Days (or longer) to Close Your Home Loan?
There is no acceptable reason (in most instances) for a home loan to take 30 days or longer to process and close. Why go through the headache of taking so long when you have the option to close in as little as 10 days? By working with a direct lender you can significantly reduce the time-frame to close your home mortgage.
The primary reasons home loans often take so long to close may be the result of a combination of different factors. However, it most often is due to the following reasons:
- Using a mortgage broker instead of a direct lender. By cutting out the “middle man” there is one less participant involved who is ultimately just passing information back and forth between the actual mortgage lender and you the borrower. By using a direct lender, such as us, you are dealing directly with the lender who is actually responsible for underwriting and funding your loan. This can save you a lot of time and money.
- Another common reason is lack of cooperation and efficient communication between the mortgage lender, Realtor, and borrower. We are available from 8am-8pm MST and you will have an assigned loan representative who will coordinate closely and work harmoniously with your Realtor.
- Oftentimes, borrowers can take several days to send in simple loan conditions (loan requirements). This can cause a loan to take longer to proceed to closing. If you can provide us with the documentation that we need we can oftentimes clear them within hours. If you are eager to close, gather and provide required documents from your loan approval as quickly as possible.
To close your loan in much less than 30 days, with a realistic goal of 7-10 days, contact us today at 1-800-731-3560 or leave a reply on our contact form and we will reply promptly.