9 August 2010
It’s interesting to note that lately some lenders offer 45-day quick closes.
Moreover, there are certain cases when in addition to their lowest rates lenders offer 60-day holds.
The main reason for such tendency is competition. The majority of lenders offer their best rates for 15-30 days more to get more profit.
Maybe, these 45-day quick closes will stick around for a moment. It’s always great to have extra 15 days.