All the delays and what they mean!

Waiting on your lender for a purchase or refinance?

The days of a 30-day conventional loan closing seem to be in the distant past. Connecticut inventory has hit the lowest levels since 2005 (without subprime lending being at fault). This may lead to assuming there have not been many pending sales, which could not be further from the truth. 

Pending home sales and closed home sales have spiked since the market took off in June 2020. Having all of these transactions leads to delays from lenders, attorneys, inspectors, and all other vendors involved in these transactions. 

Using trusted vendors has never been more important because they'll help move your transaction along as best they can. Our tip is to make sure you have access to a robust list of trusted vendors. Of course, when you work with us you will always gain access to our most trusted and highly regarded vendors.