From: J Parker
This is really a question for all of you brokers and lenders out there..
Can someone outline for me, step by step, exactly what happens when I apply for a loan approval, given that my lender has given me the verbal OK? I am very curious as to why it takes so long.
I seem to be constantly chasing up my lender for info and updates, as nothing is getting done, and I am getting very nervous. If I had have settled on the planned date (instead I moved the date two weeks to accommodate my reno quotes- from a nine week settlement to an eleven wk one) my finance would not yet have been approved.
To help me appreciate the work that is involved, an informative response here would be greatly appreciated. (Rolf, HELP!!!!)
Cheers, Jacque
This is really a question for all of you brokers and lenders out there..
Can someone outline for me, step by step, exactly what happens when I apply for a loan approval, given that my lender has given me the verbal OK? I am very curious as to why it takes so long.
I seem to be constantly chasing up my lender for info and updates, as nothing is getting done, and I am getting very nervous. If I had have settled on the planned date (instead I moved the date two weeks to accommodate my reno quotes- from a nine week settlement to an eleven wk one) my finance would not yet have been approved.
To help me appreciate the work that is involved, an informative response here would be greatly appreciated. (Rolf, HELP!!!!)
Cheers, Jacque
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