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Refinance Process

If you are interested in possibly refinancing your house, you have come to the right place! I promise to give you good information to make educated decisions about refinancing. There are times when it may not be in your best interest to refinance. I will work with you to explore all options for meeting your financial goals and give you a better understanding of the refinance process.

More than likely, the mortgage industry has gone through some regulatory changes since the last time you financed or refinanced your home. In fact, 2008 was a banner year for mortgage change and the changes keep coming! There is a good chance that the refinance process will be somewhat different than you remember. Fortunately you have found our company. Making the loan refinance process as smooth as possible is what we excel at.

If there is one thing about the loan process that has changed the most from the loans that were being made prior to 2008, it is the amount of documentation lenders now require. While there is no easy way to avoid this, what we’ve learned from our past buyers is that being asked for additional documentation three, four, and five times throughout the loan refinance process is not at all pleasant and is also not terribly efficient.

At Fairway Independent Mortgage Corporation, we have the experience to be able to look at your particular situation, and identify very accurately what the underwriter will likely require to underwrite your file. Being diligent and thorough at gathering the needed documentation at the beginning of the loan refinance process almost always results in a very clean underwriting approval. It also ensures that we move through the loan process to closing your loan as quickly as possible.

There are many situations that we’ve encountered over the years that could have been avoided by doing a better job educating our borrowers before the loan refinance process began. Clients frequently express concern about understanding the process of applying for a mortgage loan so they can better prepare themselves for the process. These questions are designed to assist you in preparing for your loan process so you can minimize the stress and requests for additional documentation that occur during the loan process.

Our promise is to make the process as easy as possible so that you can enjoy the excitement of purchasing your next home. Our first step will be to evaluate your financial information and goals. If it makes sense to proceed, our next step will be to order the appraisal. Upon receipt of the appraisal, we will review your lock options, submit your loan application to underwriting and schedule the close. I am available nights and weekends to answer your questions as they come up which they always do! We should not be losing sleep during the process!


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