Kanetix Forum

Generally, you could receive the paperwork for a commitment between 4 hours to 4 days. Your loan could possibly be approved by the lender within a few hours of receiving and filing your paperwork, however, if they are not satisfied with the application, it could take a several weeks.

Paul Sidhu, Principal Mortgage Broker at KTX Financial Ltd.

Neither Kanetix® nor the KanetixForum.ca is a mortgage broker or agent. Although this information has been passed along to you from KTX Financial through the Forum, we are not responsible for the opinions expressed by them. Mortgages can be complicated. When reading these answers, keep in mind each person¿s situation is unique. Individual responses may vary depending on your lender, geographic location, and specific circumstances. If you have a similar situation, always speak with your mortgage provider, or a licensed mortgage representative, for terms and conditions that may apply to you.

That is good to hear!

Thank you Paul.

How long does it generally take to find out if your loan has or hasn't been approved?