Refinancing A Home

Refinancing your home is a good thing for a lot of reasons. Like, lowering your interest rate or your monthly payments. Refinancing can also come in handy if you’re looking to make home improvements or consolidate debt.

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Why Refinance?

  • Switch from an adjustable rate loan to a fixed rate mortgage.
  • Change from one adjustable rate loan to another for lower monthly payments.
  • Reduce your interest rate and monthly payment.
  • Build equity faster by shortening the term of your loan.

If you’re ready to refinance, we’re ready to help, contact us today!

Apply for a loan today!

The Mortgage Process

We have the Mortgage Process narrowed to six easy steps. Here’s how it works:

1. Select your loan.

Once you answer some simple questions through our Mortgage Center, we will provide you with a variety of loan programs and pricing options based on:

  •  Your monthly income;
  •  How much you owe;
  •  How much you want to spend (if refinancing, how much you still owe);
  •  How much you have to put down;
  • How long you’re planning to stay in the home; and
  • How much flexibility you have with your monthly payments.

If you have any questions, please contact us.

2. Apply for your loan.

We only ask for the most essential information when you apply, including:

  • Basic information about you;
  • Basic information about the property you want to finance;
  • Your income;
  • Your assets;
  • Your liabilities; and
  • Declarations.

Apply for your loan today!

3. Credit approval.

In most cases, we can immediately credit-approve your loan request. It’s more than a pre-qualification letter, it’s a true loan commitment. It approves a specific loan amount and program based on your income and debts, subject to underwriting the home your are financing and verification of the information provided on the application.

4. Processing your loan.

You will need to provide some minimal documentation to verify assets and income. Your new home (or existing home if you’re refinancing) will be reviewed with an appraisal, a title report and flood certification. A prepaid processing deposit is required, but it is applied to your closing costs. We will also set up escrow for the closing and send you any applicable disclosures for review.

5. Final loan approval.

This involves underwriting your new or existing home (if you’re refinancing) and reviewing the information on your application. Once complete, we will provide final approval.

6. Closing.

After final approval, we’ll prepare the loan documents and send them to an escrow, title insurance company or attorney for signing. Once we receive the signed documents, we’ll transfer the funds to the escrow company. They will then disburse the loan and record the documents.

Please contact us to learn more about the mortgage process and to get started, or:

Apply for a Loan Today!

 

Credit Unions

Providing affiliated credit unions with innovative and automated mortgage solutions.

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Mortgage Applicants

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Featured Rates

APR:
3.01%
3.55%
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