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Once you've begun the application process, relax! Although most lenders can tell you fairly early on whether they think you'll be approved, it can take several weeks for most lenders to gather the necessary documentation to approve a mortgage.
That's because banks are owned by shareholders (members of the public, just like you and me) and they are required to do a lot of things to protect their investments, called "due diligence." So expect the property appraisal, title search, credit and employment check, etc., to take a little time.
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