How long should a mortgage application take?
I currently have a mortgage with RBC, but my wife and I are looking at moving out of our condo and into a house. We went in to RBC 10 days ago to do a mortgage application, provided all the documents, and still haven't heard back as to how much we've been approved for. Checked again today with the lady, and no update on the application. RBC does use a third party to do the application, so I'm sure this adds some delays into the process.
It's been a number of years since I last went in to do a mortgage application, but I seem to remember on the last go around that it didn't take this long the last time.
Just wondering for those who've recently gone through this process how long it took you?
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