"Life Insurance"
Refinancing Your Home
Mortgage rates of some of the lowest in history. Homeowners are rushing to take advantage of these new low rates. It's easy to get caught in the refinance frenzy. That's why it is important for you to stay on top the game once your application is submitted.
The higher loan refinance volumes, since mortgage rates have recently lowered, are overwhelming banks and underwriters. Some lenders that usually ask for 30 days or less to close on a refinance loan are asking for as much as 45 days or more. In some cases 60 days.
Borrower's slow responses or delay in providing requested by the lender may easily stall or jeopardize a loan refinance. Having your documents ready is vital.
Once you lock your rate, get your documents to us quickly. Lenders usually process documents in the ordered received. We want to be at the top of the in box.