Home Loan Process | Refinance

Refinance Loan Process | 3 Phases

Refinancing your home loan involves 3 phases. From start to finish they are:

• Qualification
• Underwriting
• Closing

Qualification^** Phase

Mortgage loan qualification is what starts the homebuying process. You’ll provide information on your credit, income, assets and debts so we can give you an estimate of the size of a loan you can afford.

Underwriting Phase

During the underwriting phase your loan officer ensures all required documents are in your file and provides them to an underwriter to review. When needed, your appraisal is ordered during this time.

Closing Phase

The closing phase begins once your loan officer requests your final loan disclosure package from their closing department. The closing phase ends once your loan funds and closes.