
Behind the Scenes in a Mortgage Approval…
What’s the holdup? You’ve found that house you want and the seller was ready for you to move in — yesterday. But your final approval still isn’t here. Could the mortgage fall through?
These are the things that run through the buyer’s mind in the days leading up to closing.
The underwriting process can feel like forever. Through it, the lender vets your financial profile and the property’s condition. You don’t get direct communication from the underwriter. What is happening behind the scenes?
Let’s look over the lender’s shoulder and see what’s going on throughout the timeline.
Continue reading “Why Is My Underwriting Taking So Long?”