Refinance with Confidence
A mortgage that works for you, not the other way around.
Why Refinance?
Find out how much you qualify for with our brand new calculators and tools. Interested in more? Speak to one of our loan officers today.
How does it work?
Get Pre-Qualified
To start, thoroughly complete the loan application at www.homequestlending.net/pre-qualify and fill out all pertinent information (credit, income, assets) on the website, so we get an overall view of your situation to identify your goals. Arrange a time to meet and bring your Documents (hyperlink back to Resources page) to our office. Here, we will qualify you based on your goals with this refinance.
Underwriting / Appraisal Order
Based on your goals (Cash-Out vs. Rate & Term), we prepare a loan application tailored to your specific property (exact property taxes, loan amount, purchase price) which you e-sign. Since we’ve already gathered your info, we submit the file to underwriting shortly after you sign. At this time, we will order your appraisal and begin the 7-9 day waiting period to receive the appraisal inspection report.
Conditions / Closing Rescission Period
While we wait for the appraisal, we will contact you directly for your approval conditions. Once these are signed off, you’ll be in line for closing the loan. Keep in mind that it takes 3 days from the time you close until the end of the 3-day Rescission Period to fund the transaction. These 3 days are critical because it allows you, the borrower, to make sure that we’ve followed through with our word and the transaction has accomplished your goals.
Loan Approval Checklist
✓ W-2’s for 2020 and 2021
✓ 2 Most Recent Bank Statements: checking and savings (download pdfs from online banking)
✓ Signed Tax Returns for 2020 and 2021 (all schedules – Business and Personal)
✓ Copy of Photo ID (Driver’s License)
✓ Paycheck Stubs – Primary Income: covering the last month
✓ Current Monthly Mortgage
Statements (1st Mortgage, HELOCs, 2nd Mortgages)
✓ Employer Contact Information
(name / phone): to verify income
✓ Copy of Homeowners Insurance
Policy
✓ Most Recent Quarterly Asset
Statement: all investments (IRA’s,
employer 401(k)
