Mortgage Processing

posted 3 years ago in Home
Post # 3
Member
42469 posts
Honey Beekeeper
  • Wedding: November 1999

Vancouver- I was pre-approved for my mortgage, so as soon as I settled on the condo I wanted, I had the appraisal and inspection done the next day. The inspection was for my decison making. The appraisal was required by the bank.

Mortgage papers were signed at the lawyer’s office 2 days later.

Post # 4
Member
926 posts
Busy bee
  • Wedding: September 2013

We didn’t have a loan officer.  We got pre-approved before looking for our house.  Here, I think a 30 day turnaround time is standard to get your inspection done, all paperwork, final walk through, etc.  Our process was smooth but did take the full 30 days.  Closing took about 3 hours to sign everything and get everything answered that needed to be.

Post # 6
Member
42469 posts
Honey Beekeeper
  • Wedding: November 1999

@AB Bride:  The condo I purchased was vacant. The owner had already moved overseas. I had aready sold my previous place so there was nothing to cause any delay.

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