The approval process can take from a few days to a few weeks; mostly depending on the complexity of the file. The approval will usually be valid for 90 days and will cover most residential properties. There are exceptions, and it is always best to check with a lender to confirm a property has no issues that would make it unsuitable for financing. After the 90-day period, getting an approval extended is fairly straightforward assuming that the borrower’s financial situation has not deteriorated significantly.
When should I apply for a mortgage?
Published March 22, 2023 by Travis
By Travis|2023-03-22T11:15:19+00:00March 22nd, 2023||
About the Author: Travis
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