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Mortgages

For most homebuyers, the right mortgage lender is very important.  For homesellers, knowing that a potential buyer is pre-approved for financing can be a significant factor in the decision-making process.  We recommend getting pre-approved before you start looking for a home; as a key element in the process, having your financing in place prior to the negotiation process can help ease much of the stress typical to those discussions.

There are four phases in creating a mortgage:

  1. Applying for the loan
  2. Underwriting and processing
  3. Reserving your funds
  4. Closing

How long it takes to apply and get approved for a mortgage depends on factors including the technology used in the application and underwriting processes. For example, the system that we've set up on this Web site lets us speed up the application process and underwrite loans faster than a traditional setting.

And, because we can give you a decision in minutes rather than hours or days, you can get to closing faster than the traditional process. Of course, if you ever have questions, we are here to help.

We offer:

  • An easy application process.
  • A full approval — pre-approvals also are available.
  • A significant reduction in the number of personal documents and data required.
  • Streamlined appraisal requirements.
  • An approval decision, at no cost, for all the products that you qualify for.
  • A custom interest rate based on your financial information.
  • A quick loan decision — within minutes, not hours or days.
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The refinancing process is similar to the mortgage process, except that refinancings are typically faster and require fewer steps.

Refinancing your mortgage can provide real benefits. Here are two examples:

• Interest rates have dropped significantly in recent months. You may be able to reduce your monthly payments significantly by refinancing.
• Property values have increased significantly in recent years. You may be able to eliminate mortgage insurance and escrow payments, or obtain additional cash by refinancing.
When To Consider Refinancing
• Financial situation has changed: If your financial situation has changed significantly, you may be able to match the terms of your mortgage financing more closely with your new financial situation
• Rates have dropped significantly: If rates have dropped significantly since your last mortgage, you may be able to lower costs, and/or increase your financial flexibility
• Rates have/are threatening to increase: If rates have increased, or you are worried they might and you have an adjustable rate mortgage, you may consider refinancing to lock-in a rate
• Risk profile has changed: If your tolerance for risk has changed, you may be able to increase your flexibility, or lower your risk

Refinancing is an important personal financial management decision. We encourage you to talk with a Mortgage Consultant to help you determine what's best for you.

Some Of The Most Popuplar Benefits Of Refinancing
• Lower your monthly mortgage payments
• Reduce the term of the mortgage
•  Switch from an Adjustable Rate Mortgage (ARM) to a fixed rate loan
• "Cash Out" tax-deductible savings
• Eliminate Mortgage Insurance
Refinancing Options

There are unlimited mortgage options available to refinance a mortgage. Just like the options that are available when you buy a house, you can choose among various programs and point options. The most popular programs involve either a 'no point/no closing cost', or a zero point option. A no point/no closing cost mortgage has no fees associated with it. The appraisal, title insurance, lawyer fee's etc., are all paid by us. The only amounts on a no point/no closing cost loan that you will be required to pay at closing are the escrows. A zero point option has all of the closing costs paid by the borrower, although usually they can be rolled into the loan amount, so that you do not need to pay for them out of your pocket.

Streamlined Refinancing Process

We can speed and simplify your refinance. The process is simple whether or not we helped you to obtain your original mortgage. All we need is the following information:

• Copy of Deed
• Current pay stubs for the past thirty days
• Most Recent Year W2
• Two months current bank statements for checking and savings accounts
• Last quarterly statements for all retirement and mutual fund accounts

One way to speed things up would be to make sure your paperwork is complete when submitting your application. The entire process can be done in as little as 2 weeks, and with your help we can expedite the process and get you to the closing.

Historical Mortgage Rates