How long does it take to get an approval?Pre-Approvals can often be instant, with the lender imposing a set of conditions in order to satisfy their requirements to provide the loan to you. This process can also take up to 2 weeks depending on the complexities of the application.
Each lender however has different service time-frames and it also varies between loan types (home, refinance, asset, commercial). These are usually communicated to brokers regularly so that if a client has a specific timeframe they’re working to, for example an auction, a particular lender may be favourable for that client.
One of the benefits of using a broker is that the process is often far quicker, or at the very least your broker will have open communication channels with the lender for updates which as a consumer you don’t.
Another factor is how quickly you as the borrower, submit the required information as often lenders won’t assess an application until everything they have requested is submitted. Whilst exceptions can be requested, there are no guarantees that the lender will accept the reasoning.
Being a goof in front of the old bank soon to be condos. I know I probably won’t see this town after a few years so doing my memory bank tour. #bank#childhoodmemories#goofball
Wist je dat Feelings Sneek ook banken heeft die direct leverbaar zijn? Uiteraard hebben we showroommodellen, maar er zijn ook modellen die we uit voorraad leveren. Dus als je geen zin hebt om te wachten, maar wel een mooie bank nodig hebt, kom snel naar onze winkel!