Avatar's Blog
» Close Your Loan in Two Weeks
Posted on 10/28/2004
"We can close your loan in two weeks or less!" Sounds great, but what does that mean? Two weeks from when?
Two weeks closings means a hard money lender can close your loan 10 working days from the time they have the following:
* completed loan application
* written appraisal
* signed letter of intent/term sheet
* receipt of the due diligence deposit costs (usually about $5,000) from you
Posted in Miscellaneous
Two weeks closings means a hard money lender can close your loan 10 working days from the time they have the following:
* completed loan application
* written appraisal
* signed letter of intent/term sheet
* receipt of the due diligence deposit costs (usually about $5,000) from you
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