I have a friend who re-fi'd last month and it took her just over a month. Seems to me if you have decent equity and can supply records it all goes pretty fast still.

Took us almost two months last summer. Had all the requested docs in the day we applied, over 50% equity, and all the records you could possibly want, scanned and faxed the day they were requested, and requested, and requested. Seemed as though even with DH's well documented work for the man career, where we were only using his salary to qualify and no inconsistent things like bonuses, they constantly wanted something more. Oh yeah, fabulous credit as well. What a PITA.

Our purchase mortgage in 1/2004 on the other hand took about two weeks for a full doc mortgage.

Thankfully we have the option to to seller finance when we go to sell this house, or simply rent it out. I have doubts about the liquidity of the housing market going forward if it doesn't get easier to get a mortgage.

IP