Population of the United States by Race and Hispanic/Latino Origin, Census 2000 and 2010. .2. NOTE: Percentages do not add up to 100% due to rounding and because Hispanics may be of any race and are therefore counted under more than one category.
The real estate agents involved in the sale transaction and the lender are often the best people to coordinate the closing arrangements. Most lenders require at last 3 to 5 days advance notice of the closing date in order to prepare the loan documents and get them to the closing agent. There are standard documents and exhibits that are commonly required for a loan closing, regardless of jurisdiction.
Buyers can avoid this time drain by obtaining a mortgage pre-approval letter, something many sellers require along with an offer. And remember, even with a pre-approval, it can take 30 days for the lender to complete its due diligence once an offer is made, so plan accordingly. Cash buyers save a significant amount of time by avoiding the mortgage process. Appraisal disparities: In order for a mortgage to be approved, the bank needs to appraise the home. But if the appraisal comes in low, it will take time to renegotiate the price.