Refinance timeline during the pandemic

[Miho Y.]

Hello mortgage professionals! We applied for refinance for our primary and investment on 9/19. It’s 12/19 and still no sign of closing. It’s the pandemic they say... Is taking more than 3 months normal?

[Daniel Kim]

Hi, I'm not a mortgage professional but I see that I started the refinance process around the same time you did. I actually found my mortgage broker off of Biggerpockets. On 9/27/20 she said loans were taking around 45-60 days to close. Well exactly 60 days later all three of my refinances were funded. Hope your refinances close soon!