Items Tagged with 'closing time'


  • This is how long it takes to close a mortgage now

    Study shows closing times are steadily declining
    A recent survey highlighted homebuyers' frustrations, revealing that nearly half felt it takes too long to get a mortgage. But according to a new study from LendingTree, things are trending in the right direction, as the average closing time has fallen by a sizable 34 days in the last two years. This is how long it takes to close a purchase loan and a refinance right now.
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  • Pro Teck: These 7 housing markets close mortgages faster than anywhere else

    Typically wrapped in 50 days or less
    Out of all 200 metros Pro Teck analyzed, only seven metros are selling in 50 days or less. “These numbers represent the average for the entire metro,” said Tom O’Grady, CEO of Pro Teck Valuation Services. “This doesn’t take into account the hot micro-markets inside of these metros, some of which have sold days on market as low as 30.”
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  • Marketplace Home Mortgage offers on-time closing guarantee

    Customer gets a one-time $1,500 mortgage payment
    Marketplace Home Mortgage announced a new on time closing guarantee, adding an extra buffer to solidify that a borrower’s mortgage will close on time. This comes at a time that lenders are still in the beginning months of the TILA-RESPA Integrated Disclose rule.
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