Question Details

070171, Both Buyer and Seller in Chicago area

How long does it take to get pre-approved for a mortage from start to finish?

Asked by 070171, Chicago area Tue Feb 12, 2008

We are waiting for an offer from a family to purchase our home, but they cannot complete the process until they have pre-approval for a mortage.

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Answers

1
Hi,

Mortgage Bankers should be able to Pre-approve within an hour. My turn time is usually around 1 hr. Just make sure you have all of the required info ready.

Recent pay stubs
2 months of asset statements
A tri-merge credit report will be pulled to check your credit also.

If anyone offers a Pre-approval without asking for this information you might want to second guess their level of service. It is quite important in this market to put the time upfront on all Pre-approvals. This way there are no surprises!

Good Luck!
Chris Wong
312-738-8438
0 votes Thank Flag Link Tue Feb 12, 2008
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