How Long Should Refi Processing Take?
I applied, and was approved for a home refi loan on Dec. 2nd, 2008 through a local mortgage broker. It has been over a month now, and I am not getting much info from my broker. He said before Christmas it was in underwriting and would have it ready to close in a few days. Now he says "any day now"...
I have tried to be patient due to the holidays, and high numbers of refis going on now...but is it normal to take this long?