* Get a Faster Closing
Because there is no window period while your loan application is processed, the lender can speed up the entire
processing procedure. Appraisals can be ordered quickly. Yours will move to the front if you can accomplish the
seller's need to quickly close. It's possible to shorten a 30-day closing to two or three weeks, which comes in
handy if a seller needs to quickly move and can't decide which provide to accept.
Remember that mortgage approval is generally the longest contingency to satisfy in a purchase contract, it
is to your advantage to obtain a preapproval letter as soon as you're ready to begin your long term commitment with
no hassles.
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