Today Kathleen Kosciolek of EFT Guide, published an article under the title of The Water Boarding Refinance Experience". Her opening paragraph reflected her research into a refinance with a big bank lender:
"The average turnaround time for a clean refinance today via a large traditional lending institution is estimated to be 90 plus days. Clean' being defined as a good FICO score of 740 and above, LTV 80% or less, and documented income supporting the 28/36 debt ratio. If you do not place in this squeaky clean category, just ball up the application or make yourself a whimsical paper airplane out of the nice sized legal paper and save yourself the hopeful anguish."
Good news. GoGreen Lending does not use big banks. Our lenders are closing a refinance as describe above in 30 days or less. They understand the concept of performance.
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