Ryan P.
Past Due Closing Date almost cost us the deal!
I am a long-time real estate investor. This was a typical closing cycle for this particular deal, right around 5 weeks. We were supposed to close on a Tuesday, but didn't close until 3 days later on that Friday. The seller in particular was really getting nervous that we would be unable to close at all much less on time. It really got nerve-racking towards the end, and it was much more stressful than it should have been. On the other hand, the terms were great. We shopped 3 other lenders and they had the best terms. So if you can actually make it to the closing table with this lender, that's great. But if you want a smoother, on time closing, you may want to go with another lender.