3 - Locking Your Loan -
This is the time during your mortgage refinance when we lock your rate with the appropriate lender. Since interest rates fluctuate daily an educated client must be aware that until their rate is locked it is not definite. The interest rate is determined through collaboration between you (the client) and your loan consultant. It is also determined by the programs that the lender is offering and the pricing they are offering for that day. Once the time is right, you lock your loan.
4 - After You Lock -
After you lock the loan it is time to complete your mortgage refinance. By the time that your loan is locked we will have the conditional approval from the lender. This means that any left over conditions will have to be submitted to the lender before you can move to final approval. Once we have satisfied all the conditions it is time to order the documents ("docs") for your mortgage refinance.
5 - Documentation -
After docs are ordered in a couple days you will get a call from escrow that you need to sign the docs. These docs basically outline the guidelines of your loan and once signed the docs are almost finalized.
Start your loan request now to get your finances on track. Apply Online for Home Loan Refinance with TMG Finance today.
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Why Should I Refinance My Mortgage?
