Refinance Road Map

Welcome to a step-by-step road map of the mortgage refinance process. Feel free to bookmark and reference this guide as often as you need. I’ve even included some videos to help explain, simplify, and break things down; ensuring that every possible question you may have is covered! Before diving into the various stages, be sure to watch the ‘Mortgage 101’ video as a precursor.

You can click the buttons below to go directly to each phase.

Scroll down to see Stage 1

Application

Step 1 - Qualfication

Submit application
Schedule a call (either zoom or phone) for a consultation with me through this online calendar

Step 2 - Documentation

Monitor your email for a detailed list of required documentation
Gather all documentation from the list in a timely manner
Scan/email, fax or simply drop-off a copy of the gathered documentation

Step 3 - Disclosures

Application disclosures emailed to you via DocuSign
Click the emailed link to review, sign and submit the disclosures
Contact me directly with any questions or concerns

Scroll down to see Stage 2 – Processing

Application

Step 1 - Qualfication

Submit application
Schedule a call (either zoom or phone) for a consultation with me through this online calendar

Step 2 - Documentation

Monitor your email for a detailed list of required documentation
Gather all documentation from the list in a timely manner
Scan/email, fax or simply drop-off a copy of the gathered documentation

Step 3 - Disclosures

Application disclosures emailed to you via DocuSign
Click the emailed link to review, sign and submit the disclosures
Contact me directly if any questions or concerns

Scroll down to see Stage 2

Step 1 - Property Valuation

Complete/obtain one of the following:
- Full appraisal – Two week turnaround
- Appraisal waiver – Instant, case-by-case basis

Step 2 - Property Title Report

Obtain a clear title report (we handle).
Anticipate and address any of the following:
- Undisclosed liens
- Property vested in a trust
- Re-titling of property (Quit Claim Deed)

Step 3 - Update Documentation

Out-dated or expired documentation
Newly anticipated documentation as a result of the property valuation or title report findings

Processing

Scroll down to see Stage 3 – Underwriting

Processing

Step 1 - Property Valuation

Complete/obtain one of the following:
- Full appraisal – Two week turnaround
- Appraisal waiver – Instant, case-by-case basis

Step 2 - Property Title Report

Obtain a clear title report (we handle).
Anticipate and address any of the following:
- Undisclosed liens
- Property vested in a trust
- Re-titling of property (Quit Claim Deed)

Step 3 - Update Documentation

Out-dated or expired documentation
Newly anticipated documentation as a result of the property valuation or title report findings

Scroll down to see Stage 3

Underwriting

Step 1 - Underwriting

If Denied – End of the process
Conditional approval – Work through and gather necessary documentation to satisfy the conditions of the approval
- Re-submit package to underwriting for review

Step 2 - Clear to Close

Once all conditions are satisfied, we are ‘clear to close’

Scroll down to see Stage 4 – Closing

Underwriting

Step 1 - Underwriting

If Denied – End of the process
Conditional approval – Work through and gather necessary documentation to satisfy the conditions of the approval
- Re-submit package to underwriting for review

Step 2 - Clear to Close

Once all conditions are satisfied, we are ‘clear to close’

Scroll down to see Stage 4

Step 1 - Payoffs

Order payoff letter of the existing mortgage
Gather updated statements for any third party items; must include full account number, payment address, balance.

Step 2 - Closing Disclosure

Closing disclosures emailed at least 3 business days prior to closing via DocuSign.
Click the email link to review,sign, and submit closing disclosure.
Contact me directly if any questions or concerns

Step 3 - Mortgage Closing

Watch for one final email; detailing the closing location, date, time, and what to bring with you
Commence closing, signing entire closing package with a notary (we will arrange)
After a 3 business day right-of-rescission period expires, mortgage becomes official and is funded

Closing

Step 1 - Payoffs

Order payoff letter of the existing mortgage
Gather updated statements for any third party items; must include full account number, payment address, balance.

Step 2 - Closing Disclosure

Closing disclosures emailed at least 3 business days prior to closing via DocuSign.
Click the email link to review,sign, and submit closing disclosure.
Contact me directly if any questions or concerns

Step 3 - Mortgage Closing

Watch for one final email; detailing the closing location, date, time, and what to bring with you
Commence closing, signing entire closing package with a notary (we will arrange)
After a 3 business day right-of-rescission period expires, mortgage becomes official and is funded