Refinance

Since there are so many components to the mortgage process, we have taken special care to organize the most important qualifying steps, lending frequently asked questions, and mortgage processes below.

We realize that that the information contained in this site could literally take you weeks to research and digest, so please feel free to call us at any time for a personal consultation where we can address your specific needs and questions.

Click on the topic headline to learn more about each section.

1.  Refinance Process:

Properly estimating neighborhood property values and your closing costs will help determine the net benefit of a refinance transaction.

Some homeowners just want to know the best approach of finding money to make home improvements, while other borrowers are in a situation where their rate is adjusting.

Either way, it’s easy to get caught off guard if you don’t have the essential knowledge about your mortgage refinance options.

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2.  Mortgage Approval Process:

Required down payment, income / employment information and credit standing are a few of the important factors lenders look at when considering a borrower for a mortgage loan approval.

There are several questions that a loan officer needs to ask before a simple pre-approval letter can be issued. But more importantly, there are at least 8 top questions that you should be asking your lender before taking any steps to fill out an application.

Being prepared with the proper documents and personal information will allow you to spend more quality time with your loan officer addressing the important points of your pre-approval and mortgage program options.

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3.  Mortgage Rates:

Mortgage rates can fluctuate several times a day, and are influenced by many factors that are out of the loan officer’s control.

Determining if you’re getting the best deal at any given moment boils down to whether or not you trust that your preferred loan officer is truly looking out for your best interests.

Fortunately, there are economic indicators that impact the typical movement of interest rate markets which you can be aware on a daily basis. When the media reports that the Fed is moving rates down, it always seems that home loan rates go up. What about the points vs no points, and APR?

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4.   Mortgage Programs:

It’s amazing how many mortgage programs have been designed to help borrowers purchase or refinance a home.

With regards to a refinance, you may actually qualify for a new government sponsored program that has been designed with current market conditions in mind.

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5.  Closing Process:

With the right mortgage team on your side, the closing process should be a smooth transition from signed documents to closing.

Understanding the industry lingo will certainly help you avoid feeling like you’re on a roller-coaster while all the team players come together at the end to perform doc signings, pre-closing conditions….

It also helps to know about all of the fees associated with a refinance.

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