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2 Comments Already

mygif
Johnny V Said,
May 25th, 2010 @9:42 pm  

you are approved congregation you just bought you for home they Are just drawing up the paper not sure how maybe 2 weeks

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MN-Mike Said,
May 25th, 2010 @10:30 pm  

Hi Rainflower

Underwriting a mortgage loan is a process of checking if the loan is sound, what the risk to the bank is etc. They are looking at the collateral value of the home, your credit worthiness, and if all the paperwork is in order.

I’ve had some banks do it in 3 days while others have taken almost a month but, usually a week or two is normal. There is a small chance that it won’t go through but I doubt they would have let it go this far if they didn’t think it would be OK.
:)

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