Securing a mortgage
If you have an accepted offer and you’re ready to secure financing (assuming you have been pre-qualified by your mortgage broker), we recommend a two-week period to remove your subject to financing clause. Your broker will submit your application with all the supporting documents. The lender and (possibly) the insurer will both have to review and sign off on the clients and the property. Sometimes the lender or insurer will request an appraisal be done on the property. This can take a few days to a week to get set up and completed. We try to be an efficient as possible but there are many elements to securing a mortgage that cannot happen in an instant. Plus, having a subject to financing protects to buyer!