Am I asking too much from lenders?

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My wife and I are in the process of buying our first home. I am using a builder and lender from the same company due to the incentives that are included. The salesman from the builders is extremely helpful and harped on how the company strived for high reviews. We are doing something called a "quick close" which means we have little time. It seems as the lender always waits for me to call to tell me updates and if they need anymore documentation. I would think that they would call me as soon as anything came up to keep me up to date and help expedite the process since we are short on time. Is this normal? Is it normal not to know if one has the loan until just before closing?

Am I asking too much from lenders?

That depends entirely on the bank. To protect yourself, though, you need to know what the terms of your loan are....don't get stuck with an adjustable rate or a baloon payment due in a few years. If you don't understand the terms, take it to someone who can help you. And, yes, they will drag their feet sometimes in hopes that the rates will rise again if you're not locked in on a rate already!

Am I asking too much from lenders?

We had to do the same thing with a lending company, they stink! They said closing would by May 1st we closed JUNE 15th!

Good Luck with this, keep it up and your going to close, no worries....just a lot of work! :)

Am I asking too much from lenders?

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Am I asking too much from lenders?

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