5 Reasons a Faster Closing 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
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.