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How long can a mortgage drag out a closing?

Profile picture for alcharmckenzie
We have been approved for a refinance and all necessry things have been done including appraisal.  We have been told the closings are taking 45 days now..Is that true
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August 25 2009 - US
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Profile picture for mikeharrison
The new regulations add about two weeks to the already tedious process.
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August 26 2009
Profile picture for Courtesy Mortgage
Some new rules went into effect this month, designed to slow down the loan process.  I would say 30 days is typical right now, 45 is still reasonable, particularly at the larger banks.
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August 25 2009
 

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