You know what that means? Another loan is clear to close in less than 10 days here at Morgan Financial. We hear that whistle a lot!
Now, what exactly does it mean to be “clear to close”?
Being clear to close is a fantastic position to be in as a buyer. When you are told that you are “clear to close”, this means that your underwriter has approved all the documentation, you have satisfied all the conditions set forth by your lender and your loan has received final approval.
Currently, 43% of Morgan Financial’s loans (both VA and conventional) are cleared to close in 10 days or less. And on AVERAGE, all of our loans are clear to close in 13 days. We have had loans cleared to close in as little as 1 day, however, that is certainly not typical!
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