Mortgage Loan Package Inquiries v2, Loan agents pls read the 1st post!
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 Oct 5 2013, 12:11 AM
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#1
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Senior Member
1,659 posts Joined: Feb 2005  
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Guys, how long does it normally takes to process loan applications? I have submitted the application last Monday and was told that the result will only comes next week after 2 or 3 times postponement.
Initially was told end of last week, later early this week, next end of this week, lastly mid next week. Really upset on the way things turn out. Have to sign the SPA next Thursday. Any advices, guys? QUOTE(ruben7389 @ Oct 5 2013, 12:01 AM) Why have to sign next week? Can buy xtra time? Cause it has been 10 days since I signed the Letter of Offer. There is a 14 working days clause from that day until signing of SPA. Interest chargeable after that. |
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Oct 7 2013, 03:04 PM
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#2
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Senior Member
1,659 posts Joined: Feb 2005
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QUOTE(lykos88 @ Oct 7 2013, 12:06 PM) normally if no mistaken, or mis document, dhould be approved in 2 to 3 days Yeah, that's what I thought so too.Neither the banks nor the my middle man contacted because of that and it has been more than 2 weeks. Am quite disappointed with how things turn out. |
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Oct 7 2013, 06:38 PM
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#3
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Senior Member
1,659 posts Joined: Feb 2005
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QUOTE(lykos88 @ Oct 7 2013, 06:27 PM) Which bank you apply the loan? I have someone checking on Standard Chartered. Thanks for your offer.I was represent Price solution, under standard charted bank, would you like to give me a chance on the loan, I should return to you within a week |
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Oct 15 2013, 03:05 PM
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#4
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Senior Member
1,659 posts Joined: Feb 2005
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QUOTE(terence999 @ Oct 15 2013, 10:54 AM) Thanks man. So far I'm getting BLR - 2.4% for 400K loan. After asking around 5/6 banks Mind to share which bank and type of mortgage? |
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