How many days does it take a bank to tell you if you have been accepted for a mortgage loan?

How many days does it take a bank to tell you if you have been accepted for a mortgage loan?
by

1 Answer

Answer :

Should be 2 weeks tops.
by

Related questions

I am not on the mortgage to the house. Will the mortgage company still give me the legal documements I need after making the final payment?

Description : I am not on the mortgage to the house. Will the mortgage company still give me the legal documements I need after making the final payment?

Last Answer : If the company thinks your husband is alive, wont they send a document to your house when it's paid off? I don't see how the mortgage company isn't aware he's dead? I guess maybe they aren't ... with the help of a lawyer. It's a simple procedure to get it fixed, assuming you have no children.

Why do people seem to think buying a house is such a good thing?

Description : Why do people seem to think buying a house is such a good thing?

Last Answer : answer:My sister thought it was a good idea. 500K on a house. Was forced to sell it in 2009 for a nice 150K loss. The idea is that you aren't paying someone else's mortgage. My sister thought their ... to scramble to come up with 1K in a few hours. It is a bit like health insurance in that regard.

Does a title search show what you paid for a piece of property?

Description : Does a title search show what you paid for a piece of property?

Last Answer : I’m not 100% sure but I imagine it must show what you paid.

Is it a good idea or bad idea for me to buy a house?

Description : Is it a good idea or bad idea for me to buy a house?

Last Answer : Sounds like you might have a high debt to income ratio which having a too high of one will mean a bank will not give you a mortgage. With a house its not just about the mortgage, there is taxes, ... would be certain of where you want to live before you buy a home rather than sell or rent it out.

Foreclosure: Short Sale or just wait?

Description : Foreclosure: Short Sale or just wait?

Last Answer : answer:If you can find a reputable expert in short sales, then do one. Bankruptcy ties your hands for seven years. It is also good not to have a foreclosure on your record. You probably have a lot of equity in your home after 23 years. It would be best not to lose all of it.

Which of the following is a non-current liability a) Mortgage loan b) Bank balance c) Outstanding salary d) None of these

Description : Which of the following is a non-current liability a) Mortgage loan b) Bank balance c) Outstanding salary d) None of these

Last Answer : a) Mortgage loan

I have been accepted by American Military University (online) for a certificate course in Intelligence Studies. The cost is $4,500. I am divorced, with a mortgage and financial obligations and work full time. I want to change careers. How can I get gra?

Description : I have been accepted by American Military University (online) for a certificate course in Intelligence Studies. The cost is $4,500. I am divorced, with a mortgage and financial obligations and work full time. I want to change careers. How can I get gra?

Last Answer : www.grantsalert.com is a good place to look for grants.

Can I take a loan with a mobile mortgage ? I need some money for a visa. I told one , you give me so much money with my mobile. If I can do my job then you will take the mobile. And if it doesn't work, I will pay all the money in three months. Is this type of transaction permissible ?

Description : Can I take a loan with a mobile mortgage ? I need some money for a visa. I told one , you give me so much money with my mobile. If I can do my job then you will take the mobile. And if it doesn't work, I will pay all the money in three months. Is this type of transaction permissible ?

Last Answer : This type of transaction will not be permissible. Because it is not permissible to get any benefit from the borrower in return for the loan. That includes interest. In the case in question, ... bin Masood agreed. That said , the conditional contract involves interest. (Sahih Ibn Hibban 1053)

can i get a loan to fix my house and not take out second mortgage?

Description : can i get a loan to fix my house and not take out second mortgage?

Last Answer : can i get aloan to fix my house without taken a second mortgage out

I decided to do a short sale on my property before it the mortgage company starts foreclosure proceedings. I approached a realestate agent and he told me he will handle everything. he will talk to the bank, get a buyer, etc. Should I let him handle it or should I approach the mortgage company first to tell them about the short sale?

Description : I decided to do a short sale on my property before it the mortgage company starts foreclosure proceedings. I approached a realestate agent and he told me he will handle everything. he will talk to ... him handle it or should I approach the mortgage company first to tell them about the short sale?

Last Answer : Get that puppy sold. You don’t have to let the mortgage company know. If you trust your agent then let them do their job and earn their commission.

How often does a pre-approved mortgage loan not happen?

Description : How often does a pre-approved mortgage loan not happen?

Last Answer : As long as the documentation you provide matches the information you provided to obtain the pre-approval the loan should go through fairly easily. Your best bet to keep things moving and ensure a ... all of your documentation is in line, it should go right through! Good luck and congratulations!

What does a mortgage loan officer do exactly?

Description : What does a mortgage loan officer do exactly?

Last Answer : answer:It depends what type of company you're interviewing with. Home mortgage branches of large banks usually are commission driven. Credit unions usually have no commission whatsoever. You'll be staying an ... attorneys now but some still do their own closings, so you may handle that aspect also.

What is a good place to get a co-op mortgage loan?

Description : What is a good place to get a co-op mortgage loan?

Last Answer : I got a mortgage for my co-op from CitiMortgage - citimortgage.com - which is a division of CitiBank. I don't know where you live, but they apparently do a large portion of the mortgages on apartments in manhattan (where I live), which are primarily co-ops.

Would today be a good time to lock into an interest rate on my home mortgage? I am getting out of an interest only, variable loan and need to know if now is the time to pull the trigger?

Description : Would today be a good time to lock into an interest rate on my home mortgage? I am getting out of an interest only, variable loan and need to know if now is the time to pull the trigger?

Last Answer : From what I understand, Feds cutting interest rates dosen’t do much for mortgage rates. I was going to refinance but it just wasn’t worth it.

Which of the following that’s because possibly be forgiven under Chapter 7 bankruptcyalimony, a mortgage, a student loan, child support?

Description : Which of the following that’s because possibly be forgiven under Chapter 7 bankruptcyalimony, a mortgage, a student loan, child support?

Last Answer : A mortgage(Apex)

FHA Mortgage Loan Calculator?

Description : FHA Mortgage Loan Calculator?

Last Answer : FHA Mortgage Loan CalculatorUse this calculator to determine the maximum FHA mortgage that would be allowed for your home purchase and an estimate of your required downpayment and closing costs. This ... . Then use the calculator below to determine the required downpayment and FHA mortgage limit.-

Mortgage Loan Calculator?

Description : Mortgage Loan Calculator?

Last Answer : Mortgage Loan CalculatorUse this calculator to generate an estimated amortizationschedule for your current mortgage. Quickly see how much interestyou could pay and your estimated principal balances. You ... prepayments! Press the "ViewReport" button for a full yearly or monthly amortizationschedule.

what type of grant would help to pay off about $35,000 mortgage loan for senior citizens?

Description : what type of grant would help to pay off about $35,000 mortgage loan for senior citizens?

Last Answer : what type of grant would help to pay off a mortgage of about $35,000 loan for senioir citizens?

How can I pay my mortgage loan on-line?

Description : How can I pay my mortgage loan on-line?

Last Answer : “How can I pay my mortgage loan on-line?”

How do I go about getting a title loan so I can make a mortgage payment?

Description : How do I go about getting a title loan so I can make a mortgage payment?

Last Answer : You will find auto title loan companies in your community. Take the title to your car with you and talk to them about a loan. Your car title will be your security for repaying the debt. Just be ware if you do not, they can repossess your vehicle.

if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Description : if i have a loan at simple intrest of 16.99% and i wanted to pay off the loan in cash today would i still have to pay 11,000 or would a large amount of the intrest fall off just like a mortgage. citi finance tells me intrest payoff and cash payoff equa?

Last Answer : This link shows all shelter in Texas. http://www.homelessshelterdirectory.org/texas.html

Does a mortgage pre approval guarantee a mortgage loan approval?

Description : Does a mortgage pre approval guarantee a mortgage loan approval?

Last Answer : Pre-approval for a mortgage does not guarantee that you will be approved a mortgage loan. However it does mean that it is very likely that you will be approved when you apply.

Is an FHA loan a type of government mortgage assistance?

Description : Is an FHA loan a type of government mortgage assistance?

Last Answer : Yes, an FHA loan is a special program for first time home-buyers. It offers you a first time home buyer credit and is a form of government assistance.

What are some FHA mortgage requirements and how does credit affect the amount of loan you are able to get?

Description : What are some FHA mortgage requirements and how does credit affect the amount of loan you are able to get?

Last Answer : Some FHA mortgage requirements are being employed and having a decent credit score. Your credit doesn't affect the amount you can be loaned as much as how much money you make.

Is it possible to still get a reverse mortgage loan with bad credit?

Description : Is it possible to still get a reverse mortgage loan with bad credit?

Last Answer : You can get reverse mortgage, but you must also realize that if you pass away or sell your house you do not get all of the money. They will take it and all the interest that goes with it.

What is a reverse mortgage loan, and where can I get one?

Description : What is a reverse mortgage loan, and where can I get one?

Last Answer : A reverse mortgage is a type of (lifetime morage) for people the ages of 62 and over. It allows the homeowner to access a portion of their equity. I was always told it wasent a good idea.

What are the FHA loan requirements for mortgage insurance?

Description : What are the FHA loan requirements for mortgage insurance?

Last Answer : The FHA, or Federal Housing Administration, provides mortgage insurance on loans made by FHA-approved lenders. FHA insures these loans on single family and multi-family homes in the United States ... properties since 1934 when it was created. Learn more about FHA loan requirements and guidelines.

A legal agreement between the lender and borrower where real estate property is used as a collateral for the loan is termed as ________ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Description : A legal agreement between the lender and borrower where real estate property is used as a collateral for the loan is termed as ________ A. Mortgage B. Reverse Mortgage C. Repossession D. Refinance

Last Answer : A. Mortgage Explanation: A loan that is secured by property or real estate is called a mortgage. In exchange for funds received by the homebuyer to buy property or a home, a lender gets the promise of that buyer to pay back the funds within a certain time frame for a certain cost.

__________ is a transfer of property to its real owner, once the loan or mortgage is paid off. A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation

Description : __________ is a transfer of property to its real owner, once the loan or mortgage is paid off. A. Reconveyance B. Repossession C. Recurring Billing D. Revalidation

Last Answer : A. Reconveyance Explanation: The transfer of real property that takes place when a mortgage is fully paid off and the land is returned to the owner free from the former debt.

Which of the following forms of securing a loan is the safest one? A. Lien B. Assignment C. Pledge D. Hypothecation E. Mortgage

Description : Which of the following forms of securing a loan is the safest one? A. Lien B. Assignment C. Pledge D. Hypothecation E. Mortgage

Last Answer : C. Pledge Explanation: A pledged asset is collateral pledged by a borrower to a lender (usually in return for a loan). The lender has the right to seize the collateral if the borrower defaults on the obligation.

A non performing Asset in Banking Business means ________ A. A fixed asset of Bank is not been utilized B. A portion of deposits not been utilized C. A loan asset on which interest and/or instalments remain unchanged. D. All of the Above E. None of the Above

Description : A non performing Asset in Banking Business means ________ A. A fixed asset of Bank is not been utilized B. A portion of deposits not been utilized C. A loan asset on which interest and/or instalments remain unchanged. D. All of the Above E. None of the Above

Last Answer : C. A loan asset on which interest and/or instalments remain unchanged. Explanation: A nonperforming asset (NPA) refers to a classification for loans on the books of financial institutions that are in ... is classified as nonperforming when loan payments have not been made for a period of 90 days.

Can you help me with our bank mortgage?

Description : Can you help me with our bank mortgage?

Last Answer : answer:If you have an adjustable mortgage, YES. But you should not pay closing fee, title search . . . . again. A fixed mortgage, NO Where is the lawyer from your original closing, your lawyer not theirs ? ? ? Contact the state banking regulator

Can I refinance my mortgage with a different bank, different than the one I currently have it with?

Description : Can I refinance my mortgage with a different bank, different than the one I currently have it with?

Last Answer : Yes, you can refinance with a different bank if you meet their requirements. I’ve never heard of anyone having special stipulations saying they couldn’t do so.

Once denied a reverse mortgage, can you apply again through another bank?

Description : Once denied a reverse mortgage, can you apply again through another bank?

Last Answer : I don’t see why not. Each bank makes their own decision on weather to lend or not. That doen’t mean they’ll make a different decision though.

What happens if I walk away from my mortgage even if I have money in the same bank?

Description : What happens if I walk away from my mortgage even if I have money in the same bank?

Last Answer : answer:im not too sure how it works where you are, but here in spain they would just take the other assets off you. having said that, we also have laws against selling people loans via questionable methods. this is not legal advice

Will a bank ever reduce the amount of your mortgage if their own appraiser was full of shit?

Description : Will a bank ever reduce the amount of your mortgage if their own appraiser was full of shit?

Last Answer : Maybe if your bank goes under and is taken over by another bank, they’d get a clue. I don’t know. Sounds reasonable to me in this scenario.

I am a married woman for 25 years,but my husband does not want to help me pay mortgage, or any other bills I think he is gambling he never has money, his bank acct is empy. Do I have any legal rights ?

Description : I am a married woman for 25 years,but my husband does not want to help me pay mortgage, or any other bills I think he is gambling he never has money, his bank acct is empy. Do I have any legal rights ?

Last Answer : Math is very important when getting your CNA for many reasons. Math is the basis of any medical field. You will need it to calculate weight of patients, medicine dosage, and to use with any procedures.

Which bank offering the lowest mortgage rate at the current time?

Description : Which bank offering the lowest mortgage rate at the current time?

Last Answer : You can search many institutions or banks or lenders in your area and get the content of each of them about the quotes that they offer. Be certain to present your financial information below prepared and honesty.

Is the us bank home mortgage any good?

Description : Is the us bank home mortgage any good?

Last Answer : Us Bank Home mortgage offers options tailored to Home mortgages threw their Making Home Affordable Program. If you qualify and your current mortgage is up to date, you may be eligible to refinance ... mortgage. There are many options for Home Mortgages that make this bank a possible great choice.

How will the current bank rate affect the terms of my mortgage?

Description : How will the current bank rate affect the terms of my mortgage?

Last Answer : The current bank rate is one factor to how much interest you will pay on your mortgage. If the rate is very high, your interest will also higher, limiting how much you can take out in a mortgage and what house you can buy.

Can I get a reverse mortgage through my bank?

Description : Can I get a reverse mortgage through my bank?

Last Answer : Many lenders do not offer reverse mortgages and without knowing who your bank is, it is difficult to say if they are a good choice. You may want to start there and look for their recommendation if they do not offer them.

What should I look for when selecting a mortgage bank?

Description : What should I look for when selecting a mortgage bank?

Last Answer : en.wikipedia.org/wiki/Mortgage_bank this website will help you look for a ideal mortgage bank. when you look for refinancing a home mortgage you should look at the website to help you with that

Cheque payment of Postage from the holders of Franking machine licenses can be accepted with bank guarantee. The above said statement is a. True b. False

Description : Cheque payment of Postage from the holders of Franking machine licenses can be accepted with bank guarantee. The above said statement is a. True b. False

Last Answer : b. False

A cheque drawn on any bank located at the same station as that of the head post office and accepted at any of its sub offices will also be regarded as----------- a. Local Cheque b . Outstation Cheque

Description : A cheque drawn on any bank located at the same station as that of the head post office and accepted at any of its sub offices will also be regarded as----------- a. Local Cheque b . Outstation Cheque

Last Answer : a. Local Cheque

If a draft is accepted by a bank, it becomes a _____. A. valid draft B. demand draft C. usance draft D. banker's acceptance E. drawee's acceptance

Description : If a draft is accepted by a bank, it becomes a _____. A. valid draft B. demand draft C. usance draft D. banker's acceptance E. drawee's acceptance

Last Answer : D. banker's acceptance

10) First National Bank launches an innovative in-home banking system tied to personal computers. The product is not widely accepted because bank customers don't see the need for such a service. This situation represents a failure in which A)Establishment of a customer information system B)Organisation structure C)Top management commitment D)Technological advance E)Scanning corporate capabilities

Description : 10) First National Bank launches an innovative in-home banking system tied to personal computers. The product is not widely accepted because bank customers don't see the need ... B)Organisation structure C)Top management commitment D)Technological advance E)Scanning corporate capabilities

Last Answer : A)Establishment of a customer information system

Should I take out a student loan from a bank or credit union?

Description : Should I take out a student loan from a bank or credit union?

Last Answer : Check with your school for a federally insured student loan. Then you’ll know.

Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of________ A. Six months B. Three months C. One year D. 15 days E. None of the Above

Description : Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of________ A. Six months B. Three months C. One year D. 15 days E. None of the Above

Last Answer : C. One year Explanation: The deposits should be accepted under the Foreign Currency Non-Resident(FCNR) Scheme for the following maturity periods: One year and above but less than two years Two years ... above but less than four years Four years and above but less than five years Five years only

Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of _______ A. 15 days B. 3 months C. 6 months D. 1 year E. 7 days

Description : Deposits under Foreign Currency Non-Resident(FCNR) scheme can be accepted for a minimum of _______ A. 15 days B. 3 months C. 6 months D. 1 year E. 7 days

Last Answer : D. 1 year Explanation: Term Deposit with maturity of minimum 1 year & maximum 5 years can be opened under Foreign Currency Non-Resident(FCNR) scheme.