You may have heard the horror stories about how a friend or family member applied for a mortgage they needed fast only to wait weeks or longer to find out they were not even approved. This does not have to happen to you because there is a fast track to mortgage approvals if you just know a few tips.
1. First you need to work with a mortgage professional who understands how to do a fast mortgage approval. Do not just ask how long their underwriting times are – ask how fast they can close a mortgage from application to closing table.
2. You also need to have all of your necessary documentation available so the loan officer can approve your mortgage faster. If you have to dig for your tax returns, W-2 forms, pay stubs, bank statements, and other required documentation you personally can turn a fast mortgage process into a very slow one. If you know there are challenges on your credit you will need to work closely with the loan officer to make sure all issues are resolved before expecting a fast mortgage. Delays like these are not uncommon and it is those applicants who are the most prepared and who follow the advice of the mortgage professionals who end up with fast mortgage closing.