The length of time Really does the borrowed funds Underwriting Process Bring? Appraisal: An assessment verifies the brand new residence’s well worth and ought to become at least much as product sales price. From inside the light of COVID-19 pandemic, many appraisals are done as the drive-bys or becoming waived entirely, specifically for refinancing. Debt-to-earnings proportion (DTI): A lender compares your month-to-month debt obligations on the month-to-month money, together with your the latest mortgage repayment.