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I would argue that home loans get approved relatively fast these days.
In 2013, new lender regulations also require real estate brokers to provide not only the sales contract to the lender, but also the accompanying documents required by local and state laws for residential transactions. In sales where non-fixed appliances remain with the subject property, i.e., washer, dryer, refrigerator, etc., the lender may require additional documentation with statements from the sellers.
[...] Lenders: What's Holding Back Loans NAR brought the three lenders together in mid-March for a wide-ranging discussion to get their take on the state of the conventional mortgage market, how long before private lenders get back into the market with non-agency products for conventional … Read more on Speaking of Real Estate (blog) [...]
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