How long doesa refi take?

[IHateMyJob2004]

I am past thinking about it, so I was wondering, how long does it take to do a refinancing? If it matters, I want to get some cash back at the same time.

What I mean is that if I do the paper work on Feb 1, when will the refinancing be complete and when will I get the extra cash?


Is it fastest to go through my current lender?

Thanks!

 

[vi edit]

My bank (credit union actually) is almost 3 months delayed in application to closing times. But it's a small regional credit union.

 

[IHateMyJob2004]

Holy crap. That's unexpected.

 

[OCGuy]

3 weeks to 45 days, depending on how fast you get them the needed conditions, and if any hiccups come up.

 

[spacejamz]

ours took longer than expected because the appraisers have had their hands full recently with all of the refi's...it took about 3.5 weeks from when we locked until we closed.

 

[richardycc]

did my refi few days before Xmas, closed the loan on Jan 12th. If wasn't for the 2 holidays in between, probably would have closed a few days sooner.

 

[wyvrn]

30 days with a good lender.

/thread

 

[Gunslinger08]

Took me about 3 weeks.