To help you better understand the refinance process, we’ve listed below some of the major milestones in refinancing you home.
Step 1: Define your goals
One of te most important steps before deciding whether or not mortgage refinancing will benefit you is to determine what your objectives are. Is your goal to reduce your monthly payment or pull cash out of your equity for home improvements or debt consolidation? Are you looking to fix your adjustable rate or get rid of mortgage insurance? Once you determine your goals, you can take a look at the various home loan programs available to decide which loan option helps you achieve those goals. Please be sure to visit our Loan Options page to learn about all of the loan programs options that are available..
Step 2: Inquire online or call one of our Licensed Loan Advisors
Once you’ve defined your goals and researched all of the loan options available, you can submit your information online or pick up the phone to speak with one of our mortgage experts. Your Loan Advisor can answer any questions you have about how to refinance, the loan program you’re considering and can make recommendations to ensure your new loan is structured to accomplish your goals. At this point your loan advisor will show you estimated closing costs, monthly payment figures and a complete numbers summary of what your refinance can look like. We’ll make sure that you understand every detail of your loan program and answer any questions you have before moving forward. When you’re ready, you can apply online or call us at 888-353-1558 to speak with a Licensed Loan Advisor
Step 3: Apply for your loan
You can either (1) Apply Online, (2) call us at (888)353-1558 and a licensed loan advisor will take your loan application over the phone or (3) If you are local to our offices, you can set an appointment and meet with a loan advisor to make application.
Step 4: Receive your forms
A complete set of application forms will be prepared inserting your personal information and transaction numbers. In there will also be all the federally required disclosures like the Good Faith Estimate of Closing Costs and Federal Truth-in-Lending Statement. To expedite things as quickly as possible the application forms will be sent to you via email. The email will contain application forms for you to sign and a checklist of items we’ll need to secure your loan approval. Typically this includes documents relating to your income and asset accounts like W-2 forms, recent paycheck stubs, and bank statements. Return your documents and the process continues to move quickly.
Step 5: We’ll handle it from here
Your loan file will be submitted to the underwriter for review and formal approval. There is no application fee but at this point you will be paying for your property appraisal using a credit card or even a bank debit card. We’ll order the appraisal from a licensed appraiser who is familiar with home values in your area. Title insurance will be necessary, and we’ll take care of ordering the title work for you. We’ll use the title insurance policy to confirm the legal status of your property and to prepare the closing documents. Your assigned Loan Advisor will keep you informed every step of the way via telephone or e-mail
Step 6: Close your loan
After we receive your appraisal, title work and loan approval, we’ll contact you to schedule your loan document signing appointment. This appointment will generally take 30 minutes to an hour and can be done at the convenience of your home, office or approved settlement location. A few days before closing your Loan Advisor will contact you to walk through the final information so that there won’t be any surprises at closing.
That’s all there is to it! Apply Now you will be on your way to the most convenient home loan ever!
Why talk to one of our Licensed Loan Advisors??
Your loan advisor will also explain all the steps–from getting started, to locking in your low rate, to closing your loan fast, in little as 30 days or less!!. Because we are a direct lender, if you have any questions during the loan process, you will have one direct number enabling you to get quick answers straight from the source.
Client Testimonials – What Our Customers are Saying
Here are 3 Great Choices to get you moving in the right direction
To help you better understand the refinance process, we’ve listed below some of the major milestones in refinancing you home.
Step 1: Define your goals
One of te most important steps before deciding whether or not mortgage refinancing will benefit you is to determine what your objectives are. Is your goal to reduce your monthly payment or pull cash out of your equity for home improvements or debt consolidation? Are you looking to fix your adjustable rate or get rid of mortgage insurance? Once you determine your goals, you can take a look at the various home loan programs available to decide which loan option helps you achieve those goals. Please be sure to visit our Loan Options page to learn about all of the loan programs options that are available..
Step 2: Inquire online or call one of our Licensed Loan Advisors
Once you’ve defined your goals and researched all of the loan options available, you can submit your information online or pick up the phone to speak with one of our mortgage experts. Your Loan Advisor can answer any questions you have about how to refinance, the loan program you’re considering and can make recommendations to ensure your new loan is structured to accomplish your goals. At this point your loan advisor will show you estimated closing costs, monthly payment figures and a complete numbers summary of what your refinance can look like. We’ll make sure that you understand every detail of your loan program and answer any questions you have before moving forward. When you’re ready, you can apply online or call us at 888-353-1558 to speak with a Licensed Loan Advisor
Step 3: Apply for your loan
You can either (1) Apply Online, (2) call us at (888)353-1558 and a licensed loan advisor will take your loan application over the phone or (3) If you are local to our offices, you can set an appointment and meet with a loan advisor to make application.
Step 4: Receive your forms
A complete set of application forms will be prepared inserting your personal information and transaction numbers. In there will also be all the federally required disclosures like the Good Faith Estimate of Closing Costs and Federal Truth-in-Lending Statement. To expedite things as quickly as possible the application forms will be sent to you via email. The email will contain application forms for you to sign and a checklist of items we’ll need to secure your loan approval. Typically this includes documents relating to your income and asset accounts like W-2 forms, recent paycheck stubs, and bank statements. Return your documents and the process continues to move quickly.
Step 5: We’ll handle it from here
Your loan file will be submitted to the underwriter for review and formal approval. There is no application fee but at this point you will be paying for your property appraisal using a credit card or even a bank debit card. We’ll order the appraisal from a licensed appraiser who is familiar with home values in your area. Title insurance will be necessary, and we’ll take care of ordering the title work for you. We’ll use the title insurance policy to confirm the legal status of your property and to prepare the closing documents. Your assigned Loan Advisor will keep you informed every step of the way via telephone or e-mail
Step 6: Close your loan
After we receive your appraisal, title work and loan approval, we’ll contact you to schedule your loan document signing appointment. This appointment will generally take 30 minutes to an hour and can be done at the convenience of your home, office or approved settlement location. A few days before closing your Loan Advisor will contact you to walk through the final information so that there won’t be any surprises at closing.
That’s all there is to it! Apply Now you will be on your way to the most convenient home loan ever!
Why talk to one of our Licensed Loan Advisors??
Your loan advisor will also explain all the steps–from getting started, to locking in your low rate, to closing your loan fast, in little as 30 days or less!!. Because we are a direct lender, if you have any questions during the loan process, you will have one direct number enabling you to get quick answers straight from the source.
Client Testimonials – What Our Customers are Saying
Here are 3 Great Choices to get you moving in the right direction