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|User Info||July FOMC Minutes: Interesting Observations; entered at 2010-07-15 11:28:46|
Registered: 2008-04-03 State of Disbelief
So what takes so long these days ? Last mortgage I got, in 2005, was 10% of my house, so 90% equity. I had an approval and funding within 2 weeks.|
Is the problem the down payment, or what ? It only takes a minute to check credit scores, or to get a copy of the past few years' tax returns to verify income, not to mention the appraisal.
I just honestly don't see why the delays are/should be longer, assuming you have all the necessary documents in hand.
Obviously, I'm not a mortgage processor