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Monday, November 16, 2009

How long does the loan process take?

The typical length is 30 to 45 days. If a quicker closing is needed, discuss this with your mortgage advisor and based on the specifics of your transaction they will let you know if this is possible. It is critical that your mortgage advisor be straight with you on this point. If a closing does not occur on the contractual closing date you are at risk of incurring additional expense if your inability to perform caused another principal in the transaction to incur financial loss.

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