Faster closings5 of 7Fewer transactions mean faster closings. "November and December are historically slower months in the mortgage business, so things get done faster," says Brad Walbrun, a mortgage consultant for A and N Mortgage Services in Chicago.Not only that, "Financial institutions and lenders that are looking to close the books on 2009 may be more willing to act quickly to get a transaction closed by year end," says Chris. That means it may take less time to get an offer accepted on a foreclosure or short sale property, a real boon for buyers who want to close quickly. Related Articles:10 steps to 'short-sale' buyingFind the right house for you7 steps to great foreclosure buy'Perfect' time to buy a homeRelated Links:15-year or 30-year mortgage?Fixed- or adjustable-rate mortgage?Rent or buy your next home?Estimate your FICO score – free! advertisement
Fewer transactions mean faster closings. "November and December are historically slower months in the mortgage business, so things get done faster," says Brad Walbrun, a mortgage consultant for A and N Mortgage Services in Chicago.
Not only that, "Financial institutions and lenders that are looking to close the books on 2009 may be more willing to act quickly to get a transaction closed by year end," says Chris. That means it may take less time to get an offer accepted on a foreclosure or short sale property, a real boon for buyers who want to close quickly.
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