How long does the mortgage process take?
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Jeff Thomas is a Mortgage Advisor and Financial Educator with Family Lender, Inc. located in Fairfax, Virginia. Jeff has seen the mortgage business change significantly in the 15 years he has been in the business. Changes such zero down loans, to relaxed underwriting guidelines to borrowing more than the house is actually worth on a purchase or refinance transaction.
With the changes in the mortgage industry, Jeff has had to make changes in the way he performs his job. Jeff originally thought he was a loan originator, but after realizing the positive impact he could have on other peoples lives he made some basic adjustments to his business and now sees his position and career as a financial educator.
By taking the time upfront to get to know the people he serves, Jeff has been able to positively impact and improve the lives of the people he works with by providing relevant and timely advice. . This assistance comes in many forms, from insurance to painting to helping interview the right retirement professional. This core group of professionals allows Jeff to concentrate on providing the right advice for each person he works with.
Jeff is one of 200 people in the country that is both a Certified Mortgage Planning Specialist – CMPS and a Certified Liability Advisor – CLA. Jeff recently co-authored a book with Todd Ballinger, called “Borrow Smart Retire Rich”. The principles addressed in the book will be covered throughout the video.
Jeff hopes you gain insight on how to purchase and finance a home and hopefully you will find your time well spent and walk away with some information you did not know before. Jeff Thomas, Where Advice Does Make A Difference!
How long does the mortgage process take?
Mortgage Advisor Jeff Thomas discusses how long the mortgage process takes.
Transcripts
Host: How long does the mortgage process take?
Jeff Thomas: The entire mortgage process from, let's just start it at application, from application to closing, the average time is about 20-30 days. I have seen them go quicker, I have seen them take longer, depending upon the circumstances of that particular transaction. But on an average in the U.
S. it's about 20-30 days to go from application to closing.
How does credit fit into the mortgage equation?
What are the key obstacles associated with character as it relates to getting a mortgage?
What information will we need to provide when applying for a mortgage?
How does your mortgage decision relate to product?
What do I look for in a mortgage advisor?
How does your mortgage decision relate to payment?
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How does your mortgage decision relate to amount?
How does your mortgage decision relate to management?
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