ounlopez asked:


I filled out an application with Countrywide. They approved it, but I need an appraisal. They say it will take 45-60 days. This seems like a long time. Has anybody else done this recently? How long did it take?
Well, Countrywide was able to do everything on the phone instantaneously except the appraisal. Their fast track program meant they didn’t have to verify my income, which worked well for me. Being a current customer also gave me a better interest rate (4.7%). They say they have already requested the appraisal, and that an appraiser will contact me within 4 days. Knowing all this, I was surprised they said it would take 45-60 days to complete the entire loan process.

Alma

juicy asked:


I need a personal loan to pay off my bills and basically just get caught up financially, and is considering going to a bank and asking for a personal loan for the first time. Other than student loans, car loans, and check-n-go stores, I’ve never went into a bank to ask for money because I didn’t think I would qualify. Now I need to know what the whole loan process would require from me.

Vernon

AC asked:


My husband and I are looking for our first home and have fallen in love with a house that is down to the studs in some areas in the middle of a remodel. The home has no structural issues - it is all cosmetic - but does need all new applicances (has none), new walls (70s style paneling in living room), new flooring (has concrete now) etc. Would we need to get a construction loan even though it is structurally okay? How would the mortgage process work for this?

Roger