How to have the fastest closing ever
Closing fast? That's a thing of the past, like the iPhone 3G and "The Sopranos."
Mortgage broker Todd Huettner, president of Denver-based Huettner Capital, fondly recalls helping a homebuyer close his loan in a matter of hours several years ago. "He said, 'Let's just get it done,' and so we did," he says.
That, of course, came amid a vastly different economy and during an untamed era. In today's massively regulated, monstrously documented, down-to-the-last-decimal-point, tabulated process, you should count on your mortgage-closing timeline reaching or perhaps even exceeding three months, Huettner says, depending on your lender and banking rules.
Here are 10 bits of advice, plucked from the minds of mortgage professionals, that could chop a month or even two off of that epic slog from finding your dream home to signing the closing papers. Read on here.