How long does it take to get a mortgage loan?

How long does it take to get a mortgage loan?

You found your dream home and now you’re ready to buy. While it might seem like many of the factors that go into getting a mortgage loan are out of your hands, there are a few things you can do to speed up the process – or at least not slow it down. The average time...
Tip #4: Know Your Criteria

Tip #4: Know Your Criteria

Here is a variety of options that may be included on your home criteria list: Price range Detached/Townhome/Condo Number of bedrooms Living area square footage Master down (Y/N) Number of bathrooms Geographic area School district(s) Acreage Age of home One story (Y/N)...
Tip #5: Understand DOM and $/SF

Tip #5: Understand DOM and $/SF

DOM is “Days On Market”. This number is important because the longer the home has been on the market, the more likely the seller is to accept a lower offer. Reports printed by your broker from the Triangle Multiple Listing Service (MLS) have two kinds of DOM. The...