How long does the mortgage approval process take?

The mortgage approval process can vary depending on several factors, including the lender, the complexity of the loan application, and the responsiveness of both the borrower and any relevant third parties. Generally speaking, the process may take from a few weeks to a couple of months. Initial pre-approval often occurs relatively quickly, sometimes within a few days, as it mainly involves reviewing the applicant's financial information. The final approval process, which includes the underwriting stage, typically takes longer due to the need for thorough documentation and verification. It is important for applicants to ensure that they provide all necessary documentation promptly, as delays in submitting required information can prolong the process. For the most accurate timeline and more specific details about the mortgage approval process, it may be helpful to refer to Metro Capital Mortgage's website or resources.