BEST ANSWER
FIRST ANSWER
The fastest way to get funded by the bank is to work with a Mortgage Broker. They have hundreds of investors they can work with and help you determine which loan package is best for you. The Mortgage Broker will give you a good faith estimate. Ask them to put it on a Preliminary HUD1 form so it makes it easier for you to compare morgtgage brokers and/or lender to get you the best loan, terms and conditions.
The mortgage broker will tell you what to bring in at your Loan Consultation. (No obligation at this point)
Last 2 years tax return, last two bank statements, 401K (SEP, IRA...), last two pay stubs.........
You may also want a Realtor to help guide you through the process. Agents, like myself, have several sources we use on a regular basis that saves our clients time and money.
Once you are preapproved for a loan, you can be funded by the bank in 2 weeks.
We would need to know what type of loan you are looking for to give you a "real" time frame.
Conventional Loans, FHA Loans, Personal Loan, Refinance all have different time periods.
Don't forget to check your credit union if you belong to one.
Realtors can help you cut through all the "hear say" and get the facts. Real Estate Professionals can help you find the right person for the right type of loan you are looking for. Visit our website for your FREE home loan report. It is designed to help buyers save time and money when obtaining a loan.
Tue Jun 30 2009, 20:18