Refinance on your own terms

We’ll help you replace your loan, redefine your rates, and reduce your monthly payment, so that you can clear your mortgage as quickly as possible.


Start your refinance application online.

We’ll first need a few details about you and your financial profile, along with all the information you can share about the type of loan you desire. Accuracy is key in this stage because the more we know about your needs, the better we can prepare a mortgage strategy that meets all of them. 


Provide the necessary documentation.

We will provide you with a list of required financial documents, including pay stubs, W2s, tax returns, bank statements, and a few more. All of these will help us determine which loan options best fit your goals. Also, with your permission, this is where we can access your credit report.


Your application is now under review.

Now that we've received your application and reviewed your financials and credit report, it’s time to talk business. Please know that the estimated value of your home will have a big impact on your refinancing options.


Know your options and prepare for appraisal.

Once we connect, we’ll stay in touch every step of the way and assist you as needed. We’ll obtain a copy of the payoff on your existing mortgage and, if necessary, an appraisal will be ordered at this time. We will also verify other housing expenses such as current property taxes, homeowners insurance, and HOAs (if any exist).


Wait for the underwriting team to approve your loan.

Once all documents are received, your file is submitted to our underwriting team who reviews everything in detail. Once all conditions are met and reviewed, the underwriter issues the final loan approval (often referred to as the Clear-to-Close), placing you just one step away from securing your new mortgage.


Congrats! You're all set to pay off your old loan.

Congrats! You made it to the end. Now our office will submit the final loan paperwork to the title company, where you will sign new mortgage documents. This process typically takes just 20-30 minutes and once you're done, the title company will wire the money needed to pay off your existing loan. Any remaining funds from an escrow account will be refunded to you by mail within 3-4 weeks.

We have the answers.

What happens to all the money I have in my escrow account when refinancing?

This is a very common question and a good one. When refinancing, we originate a whole new loan for you. On closing day, the title company will use the funds of the new loan to wire over funds to the previous lender and pay off your existing mortgage in full. Once your previous loan is paid off, the original lender mails you a check for the total amount of the funds you have in your escrow account. Typically, you want to allow four weeks to receive the check in the mail. In some cases, there is also an option to waive the new escrow account for clients who prefer to pay their taxes and insurance directly.

If you have all my financial documents from when I purchased my home, why must I provide them again?

We know gathering tax returns and W2s is not fun, and we understand. When refinancing, a brand-new loan is created. To approve the loan, our underwriters require your most recent financials. It’s the same request as when you first purchased your home. Over the years, a client’s financial profile can change. Mortgage companies are required to verify the most recent employment info, credit report, assets, insurance and property tax info.

What are the benefits of refinancing?

Refinancing can have several benefits depending on your goals. Refinancing your mortgage to a lower interest rate will lower both your monthly payment and the monthly interest you pay over the life of the loan. This can free up funds to help you pay off other debts faster, increase your savings, or have more money to invest. A bonus feature is the potential to remove Private Mortgage Insurance (PMI). If you put down less than 20% when you purchased your home, the value may be high enough now to lower the PMI or have it completely removed.

You can also access equity in your home in the form of a Cash-Out refinance. Homeowners often use those funds to pay off high-interest credit cards and other debts. Often, many of our clients will use the funds to renovate their home. We’ve even seen a few borrow the cash to start up a new business!

I want a "No Cost" refinance. Is that possible?

Unfortunately, the answer is no. Many companies market this without giving an honest explanation of how it actually works. There are two ways to do this. First off, you never want to confuse "No Costs" with "No Cash Needed for Closing". These are two very different things. Some lenders advertise "No Costs" but in reality it's just "No Cash Needed for Closing".

Here's how it looks. The lender orders the payoff on your current mortgage which is $290,000. The closing costs are $10,000. The lender makes your new loan amount $300,000. The $300,000 new mortgage pays off the $290,000 current mortgage and absorbs the $10,000 in closing costs. You then have nothing to bring to closing, and the lender advertising it as "No Costs". In reality, you paid $10,000 in closing costs. It was just rolled into the new loan. That is called "No Cash Needed for Closing" and it's unethical and dishonest to market it as "No Costs".

The other way works like this. Your current rate is 4.25%. The lender offers you an attractive new rate of 3.25% and "no costs". It sounds like an amazing deal and you jump all over it. What the lender does not tell you is, you actually qualified for a rate of 2.75%. At a higher rate, the lender makes a much bigger profit. That extra profit is then used to offset the closing costs on your loan. So in this case, although you didn't technically pay closing costs, you're paying it in the form of a higher mortgage payment. In the long term, you will end up paying a lot more than what the closing costs would've been.

How to apply for a mortgage?