Talk of The Villages Florida - View Single Post - My friend's experience trying to buy a new home here
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Old 09-01-2015, 07:51 PM
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Quote:
Originally Posted by villagerfrog View Post
They were pre-approved. Chase wanted 45 days for processing.
What does that mean? My guess is that your friends said this is what I earn, assets and debt I have etc and they said ok if what you said is all true you can have a loan of x. Now the bank needs the 45 days to verify. Remember the people the bank goes to may not respond quickly or their response may result in more paperwork.