Refinance Loan Process
Step 1: Consult With Me
- Let me know what your personal needs are.
- We will discuss loan programs & your options.
Step 2: Complete Loan Application
- Fill out the application online with our “Apply Now” link to get your
loan started.
- I will meet with you or send you the application and legal disclosures for
your original signatures.
Step 3: Choose Your Loan Program and Lock Your Rate
- I will go over all of the choices with you, crunch the numbers, and help you determine which program is best for you
- Our Processing Staff will begin to process your file to get it ready for final approval.
Step 4: Completed File is Submitted to the Lender
- Your application, disclosures, credit report, bank and asset
statements, preliminary title report and
appraisal are submitted to the lender once we have received
these and any other needed documentation.
- To process your loan we will need documentation from you to verify
your income and assets. Documentation may vary depending
on your loan program.
- We will need copies of the following:
- Recent pay stubs covering the most recent 30 day period.
- W-2 forms for the previous two years or verification of other
types of income.
- Most recent two months' statements for your
checking, savings and investment accounts.
Step 5: Approval Received with List of Conditions to be Met
- The lender accepts the loan request and may have additional documentation
that they will need before docs are drawn or before they fund the loan.
Step 6: Set a Closing Date
- Once your loan is approved, we will set a mutually agreeable closing date. As part of the special service available through me, we can arrange to close at your home or office, saving you valuable time
- We will prepare your closing docs and have them available for you to sign at the closing.
Step 9: Lender Funds Your Loan
- After 3 business days (required by law) the lender sends a wire to the title company.
- Your loan is closed. Congratulations!!!
Feel free to contact me, if I can be of any service!