5 Reasons a Faster Closing Time Matters

Are you currently in the market for a mortgage? An often overlooked, but important, aspect when choosing a lender is their ability to close on time. While the process of getting a mortgage can be lengthy and complicated, a faster closing time can provide you with significant benefits. With an average closing time 40% faster than the national average, Real Genius can help you secure your ideal mortgage when you need it.  The advantages of being confident in your closing date are numerous, but some issues can be more costly than others.  Although some of these may seem like minor inconveniences, we understand that every additional fee starts to add up.  By choosing a lender that takes pride in their closing times, you’re not only avoiding these additional expenses, but you can actually benefit from more purchasing power!

 

1) You Could Get Lower Interest Rates

According to a recent origination insight report by Ellie Mae, the average closing time for a mortgage in the United States is around 52 days. Real Genius proudly represents a faster-than-average closing time of just 30 days.  This means you can feel confident as you prepare to move into your new home.

2) Reduced Stress for You and Your Family

The process of getting a mortgage can be stressful, and a prolonged closing time does nothing to help. With our fast loan processing, you can enjoy a smooth mortgage experience and trust that the details are being handled while you focus on the exciting parts of moving.  For those of you with kids – we can help ensure that you’re situated and ready for the next school year.

3) Save on Additional Expenses

With a faster closing, borrowers can save money on expenses such as rent, utilities, and storage fees. These savings can add up, especially for those who are already in the process of moving.  Additional costs could be the difference between springing for that nice couch you’ve had your eye on for a few months now – we won’t come between you and that dream.

4) Enjoy Competitive Buying Advantages

In a competitive housing market, a confident closing time can give you an edge over other buyers. Sellers are often eager to close quickly in today’s market – you may be more likely to get the home you want if you can show the buyer you mean business early.

5) Get Access to Your Equity Faster

If you are refinancing into a cash-out mortgage, a faster closing time means you can get access to those funds sooner. If you have an immediate need for these funds, hitting your closing date can mean the difference in getting your money in time.

What Does Real Genius do to Ensure We Hit Your Closing Dates?

Our experienced loan officers and operations professionals help you navigate the mortgage process quickly and confidently. With over a combined century of experience, our team is prepared to handle anything that comes its way.  Additionally, our online experience ensures your paperwork is handled securely and quickly for a hassle-free experience.
 
It’s clear a fast closing time can provide many benefits to borrowers – financially and emotionally. With Real Genius’ 40% faster-than-average closing time, dedicated team, and commitment to providing you with the best possible loan, you could also enjoy the experience of a painless mortgage (we know you’ve heard people brag about these).
 
If you’re ready for a mortgage experience you feel confident in, or just have some questions, click below to check our rates and give us a call at (888) 246-5906.  No matter your situation, our loan officers will be here to help clear your path.
 
 
 

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