Does closing a mortgage really take that long?
I just had a great deal accepted on a house I am buying a few days ago. However, I just signed all the mortgage papers today and the loan officer said it will take 30 to 60 days before we close.
It is an FHA loan, so maybe that is part of it, but does it really take 60 days? What in the world do they do!? It doesn’t take that long to pull a credit report and look up my employment history.
Do they just stare at the paperwork for 6 weeks? I know that sounds a little cruel, but I am just blown away that it takes that long.