One of the facts of the mortgage business today is that it can sometimes be a hurry-up-and-wait game. When it comes to buying a house, I have seen it more than once lately where the seller’s lender who has to approve the purchase contract (because it is a short sale or a bank owned property) takes months to approve the sale and then request/demand that the deal must close in 21 days or less.
It can sometimes be a game of wait, wait, wait… hurry.
I don’t really spend too much time wondering why this is, I just make the observation that sometimes it is.
Which makes it all the more important for you to ask this one important question of your loan officer at moorcroft up front:
“How long will it take to close my loan once I have everything to you that you require?”
By asking this simple question, then if you somehow end up in this situation where you have had to wait, wait, wait… hurry you will know if your loan officer is up to the task or not.
So if you are planning on buying a home in Arizona and find yourself in this situation – who do you call?
Call these guys. ( link removed, web site has been changed?)
They promise with their checkbook that they can get your loan closed in 10 days or less.
Which in my opinion is absolutely-eye-popping-remarkable for today’s lending environment. They have managed to put all of the pieces together under that are required to do this and if it were up to me, I would put them on the Today Show for being able to pull it off on a consistent basis.
But they haven’t asked me to write on their blog.
About the Author: Justin McHood is a mortgage broker with VanDyk Mortgage Corporation. You can find him at Arizona Mortgage Team, on the Zillow’s Mortgages Unzipped Blog, and at most East Valley Friday Nights gatherings. He’s the one in the blue shirt.