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Updated about 4 years ago on . Most recent reply

Mario Morales's profile image
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Mario Morales
  • Member since Feb 2, 2020
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Mario Morales's profile image
Mario Morales's profile image
Mario Morales
  • Member since Feb 2, 2020
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Mario Morales
90
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214
Posts
Private Lending & Conventional Mortgage Advice

Mortgage Lender is Taking A Long Time To Get My Pre Approval

Mario Morales
Posted

Is this normal during these times?

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Ilan M Aliphas's profile image
Ilan M Aliphas's profile image
Ilan M Aliphas
  • Rental Property Investor
  • from Milpitas, CA
  • Member since May 2, 2020
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Ilan M Aliphas's profile image
Ilan M Aliphas's profile image
Ilan M Aliphas
  • Rental Property Investor
  • from Milpitas, CA
  • Member since May 2, 2020
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Ilan M Aliphas
  • Rental Property Investor
  • Milpitas, CA
42
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Ilan M Aliphas
  • Rental Property Investor
  • Milpitas, CA
Replied

A pre approval shouldn't take more than a day unless you are trying to get the paperwork through an underwriter to be able to make a non-contingent offer.  This isn't common is most markets but its almost standard in some parts of CA to be able to compete with cash offers

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