Time to Settlement

Securing a home loan for a new property can be a daunting process if you are new to the process or you are trying to manage the process without the support of an experienced mortgage broker.

Generally, it takes between 4 -6 weeks from the time your broker submits your application to reaching settlement on your property, depending on the state in which you live. Some other factors may determine how quickly you get approved including the lender, the complexity of your situation and how quickly you return your mortgage documents.

If you have limited time until your settlement day your broker may compare and recommend lenders that are able to meet your required timeframe.

Once you have agreed on a loan, your broker will manage the application and make sure everything is in order for the approval and settlement process to complete.

Speak to your mortgage broker today about time to settlement if you have any queries. Kind Regards,

The Newstead Group Team