Mortgage underwriting
Mortgages & secured lendingThe lender’s detailed review of your mortgage application.
Overview
Underwriting checks income, spending, credit history, and property details.
It can include verification of documents and additional questions.
Why it matters
- It determines final approval.
- It affects the terms you receive.
- It can delay timelines if documents are missing.
FAQs
How long does underwriting take?
It varies, but can take days or weeks depending on the lender.
Can underwriting change the rate?
Yes, if affordability or risk factors change.
Related terms
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