Avatar's Blog

» How Fast Can Hard Money Fund?

Posted on 7/14/2005

Avatar Financial Group has documented read-to-fund times of two weeks or less. However, funding a loan in two weeks or less is rather the exception than the rule. Why? There are several reasons why a loan may take longer to fund. Most of the reasons you can do something about. Here are some tips to get your loan funded quickly.

  1. Your Letter of Intent will come with a list of documents required for closing. Read it immediately and check off items that you have already.
  2. Contact Avatar to see if any items are not applicable to your loan. If so, cross them off.
  3. Then attack the list and gather the documents immediately. Many people wait til the last day and then discover that the loan cannot close because they have failed to provide a document or failed to sign one. Don't procrastinate; get the list tended to now. There are only 8 items on the usual list - get them today.
  4. Start with the property Title and Survey. These can take a couple of hours or a week or more to obtain. Make sure Title and Survey don't hold up your loan. Ask your loan broker or Avatar how and where to get Title and Survey for closing.
  5. Be sure to sign everything. More closing are held up for unsigned documents than any other reason. Sign everything and you will be sure your documents are ready for closing when you are.
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