| House Refinance Center |
| Select A Broker To Speed Up Your Mortgage Approval |
 | |  | |  | |  | |  | |  | |  | |  | |  | |  |
| How To Speed Up Your Loan Approval Refinancing your house is generally an easy and simple process. It would normally take up to three weeks. However, if there is a rush, your lender can push the deal through in about five days. To help the process move along quickly there are a few things you can do. When you go into the office to complete an application, they are several documents you can have ready.
All that should be left is the appraisal and the credit report. You have no control on these two. You should have obtained a copy of your credit report before you made the application for the refinance. If you know of any negative marks on your report, mention this upfront. Give an explanation of why this mark is on your report. It is always wise to handle bad news immediately, and frankly. The appraisal has to be scheduled, so give the lender all the possible phone numbers to reach you. Try and be available for the appraiser. Have the appraisal fees on hand so that there is no waiting. And ask the appraiser to release the report as soon as possible. If you can't be at home when the appraisal is scheduled, make arrangements for a relative or a friend to be there. Finally, return all phone calls that the lender makes to you. If he doesn't call, make the time to call him. Stay on top of the deal at all times. prev: next: Home: Readers of this article also enjoyed: Who Benefits From A Short Sale: Not The Seller My Community Mortgage From Fannie Mae |
| How To Select A Mortgage Broker The million dollar question is "should I use a mortgage broker, or should I do it myself?" If you are busy with work, travelling out-of-town often, and having an irregular schedule, a mortgage broker is the way to go. The broker can do all the leg work and you can both keep in touch by email, phones or faxes. There are thousands of brokers to select from, but which one is the right broker for you? Here is what to look for.
You have to trust your instinct as well. If you get an uneasy feeling in your gut, walk away. Find another mortgage broker. Never rush the process of searching for a broker. If you do, you will settle for the first broker that hands you a business card. prev: next: Home: |
calculators zero down mortgage second mortgage mortgage interest deduction mortgage servicing first time buyer financial reform fannie and freddie
FHA mortgage approval nonprofit brokers servicemembers stated income refinance calculator downpayment closing fees bank owned (REO)
Home Credit Foreclosure Refinance Hard money Interest only mortgage Loan modification Shortsale Reverse mortgage Strategic default
title insurance buying a home refinance with ARM appraisal inspection community banks good faith estimate FHA streamline 203k breaking news
