Mortgage Minute | Turn Times for mortgage lending

April Countryman
Mortgage Loan Officer, Primebank
NMLS ID #709687

As the interest rates continue to go down, be cautious of turn time for your new mortgage loan. Be sure to ask your lender what their current turn times are for the appraisal and general processing of your new loan. Not all lenders are the same when it comes to their processing times, staff on hand, etc.

This can be crucial when it comes time to make an offer, and possession dates, etc for the purchase agreement. Realtors and sellers rely on the accuracy of the possession date for the seller to make an offer on a new home as well. It can be a domino effect.

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