Accurate & Precise

Refinancing Explained

Refinance: replacing your existing mortgage loan with a new loan.

Reasons to Refinance

  • lower interest rates
  • change the duration of the loan
  • pay off personal debts
  • home improvement
  • eliminate mortgage insurance
  • cash out
  • personal reasons

Regardless of the reason, there must be a discernable benefit to the borrower in order for us to proceed with your new loan. After the 2008 crash,  our regulators of the Board of Governors and the Consumer Finance Protection Bureau set protections in place to ensure a safe environment for the consumer.

Loan Steps

  1. Request financial documents: Loan Processor will assist with this process
  2. Loan disclosures: Review, approve, and endorse loan disclosures.
  3. Appraisal: Once you have reviewed and endorsed your fully-disclosed loan terms, the appraisal will cost $400.00. Accepted forms of payment: credit/debit.
  4. Underwriting: Once the appraisal is complete, your entire loan will be reviewed by the underwriter.
  5. Loan documents and closing: Once the underwriter issues the approval, the loan documents will be drawn. We will send a notary to your home to review the final loan documents with you. Once we receive the endorsed loan documents, we will prepare the closing.

 

"Thank you for your assistance. As always you professionalism stands above any other Loan officer we have worked with in the past. You keep us well informed throughout the process and stay true to the time line .  We appreciate…"

Esther

"Many thanks to you both for assisting me with this process. You’ve made what can seem like a daunting task very stress free. I’m very appreciative of your support and assistance every step of the way with this process. I’m very…"

Lilly

"Hi Mark, I will be getting the keys to my home today. I want to thank you for everything you have done. Thank you for your patience in helping me get thru this huge step in my life. You and…"

Ruben Cardenas

"Thank you Mark! You’ve been a pleasure to work with. I never imagined it would be this easy to refinance. Thanks for your services!"

Rebecca Simonson P.E., LEED AP

"As you are on the verge of getting ready to make what is probably the biggest purchase of your life, I would highly recommend making Mark part of your team to ensure a seamless, painless loan funding experience.  He will…"

Jazmin Estrada

"Thanks for all your hard work!! We appreciate it soo much! It's been such a pleasure working with you. With soo much stress at work and planning the wedding, we were so happy to have you working diligently on our…"

Amanda Ceballos