How long does it take for finance?

Discussion in 'Loans & Mortgage Brokers' started by Creamy, 6th Feb, 2017.

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  1. Creamy

    Creamy Well-Known Member

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    Cba are taking forever for finance. It's been 17 days and my finance clause was for 21 days.

    I've been able to find a better rate and overall deal with NAB, but I'm wondering how long it will take to get that through?

    Any chance of getting finance through in 4 days for any lender?
     
    Creamy, 6th Feb, 2017
    #1
  2. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    That's a long time - but they aren't the quickest at the moment. If you've had to supply extra supporting docs it can get long - get your broker to escalate it for you.

    That said, assuming it's not a marginal deal you've still got 4 days so don't stress too much.
     
    Jess Peletier, 6th Feb, 2017
    #2
  3. Chilliblue

    Chilliblue Well-Known Member

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    NAB still still working on one of mine new from the end of November 2016.
     
    Chilliblue, 6th Feb, 2017
    #3
  4. Phase2

    Phase2 Well-Known Member

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    >------------------------:)-----------------------<

    about that long?? :D
     
    Phase2, 6th Feb, 2017
    #4
  5. Brady

    Brady Well-Known Member

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    Can only assume 17 days if you're using a broker. If it was direct through the bank it shouldn't take more than 2 days, 3-4 at most - unless there was an issue you're not being told about.
     
    Brady, 6th Feb, 2017
    #5