Home Refinancing Process
Special programs available to:
Teachers, Faculty, Coaches, Librarians, Nurses, Secretaries, Custodial/Facilities Staff, School/District Leadership, Professors, Adjunct Faculty, Counselors, any ISD/Higher EDU/Private EDU employee.
Application
- This process begins and ends with you. You start the process by calling us or submitting the request online.
- Your Educator Mortgage Banker will get to know you and what you hope to accomplish with the refinance.
- An application allows us to review your employment, income, and credit. This will help us figure out how we can help achieve your goals.
Appraisal
- An appraisal is necessary to determine the value of your home, we partner with 3rd party certified appraisers that are local to you.
- A deposit for an appraisal allows us to reserve an appointment and move towards getting your loan approved.
- Remember, your home isn’t worth what some website says it is. It is worth what a local professional appraiser values it as.
Underwriting
- Once we receive your income, tax, and credit documents we will submit your loan to underwriting.
- Underwriting is verifying all of the information you and your banker provided.
- An Underwriter may request additional documents depending on the guidelines of your loan.
Closing
- This is the home-stretch of your mortgage – your closing!
- We will take care of any last minute details for your loan and schedule your closing.
- You will sign your final loan documents and get the keys to your new home!