S
Ssmith
Guest
Hi,
My husband and I applied for a mortgage in September 2008!! We got a letter from our broker in October telling us how much we qualified for, saw a house in November and put a deposit down and proceeded with the mortgage application. The valuer and surveyor where at the house at the beginning of december and we had to give the broker new bank statements as the " bank" where requesting more up to date ones. He told us that we would not hear anything until after Christmas. So after Christmas we got back onto the broker and he said that our case was with the underwriter and that they were looking for new salary certs to be filled out and more recent payslips. He keeps saying that they are just not giving mortgages out anymore and that its the banks that are holding things up. He never rings us to let us know whats going on but everytime we ring him he is looking for something else!
So what i am really asking is is this time frame "normal" and when can we expect to hear back from the underwriter. Apparantly broker brought the new certs and payslips over on monday. Husband rang broker yesterday and he said should hear something early next week.The bank is first active.
Thanks.
My husband and I applied for a mortgage in September 2008!! We got a letter from our broker in October telling us how much we qualified for, saw a house in November and put a deposit down and proceeded with the mortgage application. The valuer and surveyor where at the house at the beginning of december and we had to give the broker new bank statements as the " bank" where requesting more up to date ones. He told us that we would not hear anything until after Christmas. So after Christmas we got back onto the broker and he said that our case was with the underwriter and that they were looking for new salary certs to be filled out and more recent payslips. He keeps saying that they are just not giving mortgages out anymore and that its the banks that are holding things up. He never rings us to let us know whats going on but everytime we ring him he is looking for something else!
So what i am really asking is is this time frame "normal" and when can we expect to hear back from the underwriter. Apparantly broker brought the new certs and payslips over on monday. Husband rang broker yesterday and he said should hear something early next week.The bank is first active.
Thanks.