John P asked:


I have put an offer for a short sale property, and the listing agent(owner) took the offer and waiting for the Lender to say YES.

I heard that the sellers Lender will take more time to tell his decision whether they accept it or not.

1)During this time can I shop for the mortgages ?

2)How long does it take to get a loan approved and good mortgages rates usually ?

3) Can we lock the rates once we think its a good one?

Micheal