The average time to closing for all mortgage types is around 43 days, according to the most recent data from Freddie Mac, the ...

The homebuying process can last about three to five months, but how long it ultimately takes depends on your unique situation. The biggest variable in the mortgage timeline is finding a home to ...

“Clear to close” means a mortgage underwriter has approved your loan and you can take the next step: closing. Find out everything you need to know here.

A 10-basis point drop in the average interest rate of closed loans drove up the share of refinances in February. Ellie Mae's Origination Insight Report said the average rate for all loans closed ...

A mortgage commitment letter shows you're on track to getting approved for a mortgage. Learn more about this document and why it's important when buying a home. Rebecca Safier March 19, 2024 ...

Yes, a lender checks your credit again after clear to close. A mortgage lender typically pulls a borrower’s credit report during the preapproval phase and a second time just before closing. The ...

If you're having a bad experience with a mortgage lender, you may be tempted to switch to a different one before you close on the loan. While it's possible to switch, it's important to keep the… ...