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Home Loans Advisor 10 Gotcha’s When Getting a Mortgage Part 7 > 7. Time it takes to process a mortgage. · Between your home loan application to the approval of your loan is called processing time. Different lenders and types of loans will vary in processing time. Normally however, it takes up to eight weeks to receive an approval letter. The type of mortgage and other contingencies will affect the application approval process. Once a person has applied, the information is verified by the lender the home buyer has chosen. |
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