http://www.bostonreb.com/2009/01/did-you-refinance-your-mortgage/ Boston real estate, Boston condos, Boston luxury condos, Boston luxury real estate, Back Bay condos, Back Bay real estate, Back Bay luxury condos, Boston Back Bay condos Mon, 06 Feb 2012 05:38:19 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.bostonreb.com/2009/01/did-you-refinance-your-mortgage/comment-page-1/#comment-2426 Jen Wed, 07 Jan 2009 22:32:50 +0000 http://www.bostonreb.com/?p=12619#comment-2426 I refinanced my mortgage last month. It was a 30 yr fixed to another 30 yr fixed at a lower rate. The process took a little less than 3 weeks from the time I called the bank to the closing. I didn't notice any major delays, but the loan officer and the appraiser did say they had a sudden increase in requests. I got the sense that the workload increase for them had more to do with increased demand and less to do with layoffs. I refinanced my mortgage last month. It was a 30 yr fixed to another 30 yr fixed at a lower rate. The process took a little less than 3 weeks from the time I called the bank to the closing. I didn’t notice any major delays, but the loan officer and the appraiser did say they had a sudden increase in requests. I got the sense that the workload increase for them had more to do with increased demand and less to do with layoffs.

]]> http://www.bostonreb.com/2009/01/did-you-refinance-your-mortgage/comment-page-1/#comment-2425 john Ford Wed, 07 Jan 2009 20:23:44 +0000 http://www.bostonreb.com/?p=12619#comment-2425 Mark, thanks for your insights. Keep me posted if you see any trends in the mortgage market place. Mark, thanks for your insights. Keep me posted if you see any trends in the mortgage market place.

]]> http://www.bostonreb.com/2009/01/did-you-refinance-your-mortgage/comment-page-1/#comment-2424 Mark Wed, 07 Jan 2009 09:51:33 +0000 http://www.bostonreb.com/?p=12619#comment-2424 Hi JohnF, I am a mortgage broker in Stoneham and I can say that most lenders are backed up big time! Some of the lenders that I work with have extended their "turn around time" from 2 days to 8 days! Some others are still fairly quick, but it really depends on the loan type and the lender. Hope that helps! Hi JohnF,
I am a mortgage broker in Stoneham and I can say that most lenders are backed up big time! Some of the lenders that I work with have extended their “turn around time” from 2 days to 8 days! Some others are still fairly quick, but it really depends on the loan type and the lender. Hope that helps!

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