Quote:
Originally Posted by manekeniko
Why is it taking longer from accepted offer to finally close?
My house is in contract and we're expected to close in Nov. We showed in July for only 6 days and got 20 offers. Accepted one a week later. The banks are slower now to issue mortgages?
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Around three months is pretty standard for mortgage approval. Local mortgage bankers tend to close faster then the big national banks.