Home Loan Application Process (Application to Settlement)
Once you have agreed to take out a home loan
either directly though a lender or through a mortgage broker, there
is a flow of activity that is generally consistent with every home
loan process. Depending on the complexity of your situation, the
time from the initial meeting to a final approval will take anything
from a few days to a couple of weeks. Larger home loans and more
complex situations will typically take longer. Simpler scenarios
can be much faster. Below is a step-by-step indicator of what you
can expect.
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Sandra Mallia |
Make sure your pre-approval has been approved by the mortgage insurer, as not all pre-approvals are equal.
talk to this broker |
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