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Updated about 3 years ago on . Most recent reply

User Stats

29
Posts
5
Votes

Having Lender issues

Posted

Hi there! My wife and I are new to investing and have secured an agent and a property (fingers crossed), we are currently hung up on the pre-approval letter. Since giving all requested documents, I have not heard from the lender.  I have tried emailing on a number of occasions and just flat out no response, it has been two weeks.  I'm seeking advice on what are the next steps I should take...should I move forward with another lender or keep trying with the current lender?  Is this a normal amount of time to wait?

Most Popular Reply

User Stats

440
Posts
256
Votes
Justin Phillips
  • Lender
  • Phoenix, AZ
256
Votes |
440
Posts
Justin Phillips
  • Lender
  • Phoenix, AZ
Replied

If you haven't heard anything in two weeks, they don't want your business. Move on to the next who will take better care of you and communicate regularly with you. 

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