Need A Loan Fast?

Back in the day, many moons ago, well a good piece of time ago, I was a mortgage adviser, or loan officer/loan originator....basically I was a guy you went to when you wanted a mortgage.

And back then the way you did things was you spoke to an estate agent, found a property you liked, put a contract/bid in on the property, and if it was accepted, then you had to get a mortgage to pay for the property.

What???  That seems backward.  You buy something then get financing for it??

Yes, that is how is was done.

Then they changed the rules so people spoke to me, or someone like me, first, and found out if they could afford the house/property they were looking to buy, and got pre-approved or qualified for a mortgage.

Meaning, the buyer was told what they could afford, or would receive in the amount of a mortgage, and then shopped for property accordingly.

Then to get this loan of a lifetime approved, took 30-60 days!!  Two (2) months in some instances.

That is forever nowadays.

People get loans much quicker now, and in the example of payday loans, sometimes they are approved and have the cash in their bank account within an hour; one (1) hour.

Now that is fast.

Now I realise getting a payday loan is nothing like applying for and receiving a mortgage, but the times have changed.

Applying for, getting approved and the cash in your bank account in a hour, it seemed un fathomable years ago.  But then so did mobile phones, and the Internet, computers as small as they are......I could go on and on and on.