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Updated about 8 years ago,

User Stats

305
Posts
56
Votes
Curtis H.
  • Investor
  • Los Angeles, CA
56
Votes |
305
Posts

How long from appraisal to closing?

Curtis H.
  • Investor
  • Los Angeles, CA
Posted

I am working a refinance right now and wanted to hold off on the appraisal until Feb 13th. There are updates I need to make prior to an appraiser coming out. I asked the lender if I got you ALL paperwork uploaded and contracts signed this week, and the appraisal was done on the 13th, would that jeopardize a Feb closing. Her answer was get the appraiser in there asap. My response is I don't want a crappy appraisal. However I don't want to lose the rate lock either by missing a Feb closing. 

Is two weeks enough time for a lender to close if that's all we are waiting on? I got the sense (since I am in sales) that they panicked when I said I want to stall, which means there is a chance I can find another lender, etc. They want to close the deal and get me vested to only close with them. 

Any insight would help. I was thinking meet in the middle and have the appraisal Friday the 10th, that gives them 18 days to do the rest.

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