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Frequently asked questions
(by category)
Selecting a mortgage
Prequalifying and Applying
Rates and Costs
Escrow questions
Closing
Mortgage Payments and Payoffs
Most Common
Closing questions
Q.
How long does it take
to approve and close my loan?
A.
Once you've decided to proceed with the mortgage process, it usually takes about 3-7 days for approval depending on the specifics of your loan. Sometimes we approve your loan even faster, it all depends on the situation. So typically, from the time you apply for your next mortgage you can close on your new house in 2 to 4 weeks.
Q.
How do I know how much to bring to closing?
A.
Usually, at least 24-48 hours before closing, the title company will have your "bottom line figures" ready. You can either contact your title company or call your loan officer and we will be happy to find out the details for you. Either way, we work hard to make sure that there are no surprises at the closing table.
Q.
What do I need to bring to closing?
A.
You will need to bring a cashier's check made out to the title company for the funds required to close your loan (if applicable), also bring any documentation required by American Eagle or the title company. Also, if this is a purchase, you will need to bring a copy of your homeowner's policy and paid receipt.
Choose another topic:
Selecting a mortgage
Prequalifying and Applying
Rates and Costs
Escrow questions
Closing
Mortgage Payments and Payoffs
.
