Your Path to Refinancing

No need to wade through the challenges of home ownership alone when Peoples Home Mortgage can take the hard path and smooth it out for you, even make it fun and exciting– if you do not know what to expect we are here to help. Here at People’s Home Mortgage, our knowledgeable Mortgage Consultants will guide you through the loan process to ensure you are comfortable and informed each step of the way.

Step 1 – APPLY FOR YOUR REFINANCE

We request and review your income, assets and financial documentation.Then we can consult with you on which purchase options will be best for your unique situation.

Step 2 – PRE-APPROVAL

Once we have received all the documentation requested, and discussed the best loan program for you, we can run your file through the pre approval process.

Step 3 – UNDERWRITING OF THE PROPERTY

Escrow, insurance binders and appraisal is requested and reviewed.

Step 4 – LOAN DECISION

Your file and the properties reports, and any other outstanding conditions, will be sent to underwriting for a loan decision. More conditional items may be needed at this time.

Step 5 – LOAN DOCUMENTS

Following underwriters final approval your loan docs will be sent to a title company.

Step 6 – SIGNING

At this point an escrow officer will contact you to schedule a time for you to sign your documents.

Step 7 – FUNDING

The title company will return the signed documentation to the underwriter for one last review then they will disperse funds.

Step 8 – Recording

Once all the funds have been disbursed the title company will record your new lien with the county and then you can sit back and know you are DONE!