REFINANCING

Whether you looking to Lower Your Interest Rate, Take Cash Out on your home's equity, or Consolidate your bills, Price Financial Services has many programs and rates to suit your individual needs. We specialize in offering options, like No Cost refinances, No Income Verification loans and many others that make the process quicker and easier. Our knowledgeable mortgage consultants will help you in picking the right program, rate, and term.

Our professional mortgage specialists are available to you toll free @ 800-401-9091 or if you would prefer, we've provided a convenient online contact sheet to better help us understand your mortgage wants and needs.

Let us help make the process Easy, Fast, and Convenient.

The questions below will get you started. Once completed, you have the opportunity to complete a secure, no obligation Pre-qualification Analysis to assist you in getting the process started.

Also included are some additional calculators and articles that will help you in making an informed, educated mortgage decision.

Enjoy

Refinance Calculator
Calculates your monthly payment, the interest savings and a break even point for a potential refinance.

Debt Consolidation Calculator
Calculates the interest and tax savings associated with consolidating credit card and other debt into a refinance.

PreQualification Wizard
This walks you through the process of getting qualified for your refinance.

Refinancing Guide
Mortgage Terminology
Refinance Considerations
Your Personal Income Taxes
Paying Points for a Lower Rate
Trade your ARM for Fixed Rates
Get Your Hands on Some Cash

For Your Information

Appraisals
Appraisal Basics
Appraisal Methods
Appraisal to Establish Market Price
Helping the Appraiser

Your Credit
Mortgage Loans and Credit
ABC's of Mortgage Credit
Credit Reporting Agencies
How to Correct Errors
Credit Questions and Answers
FICO Scores

Homeowners Insurance
Homeowners Insurance explained
12 Ways to Save on Homeowners Insurance
Flood Insurance

Private Mortgage Insurance (PMI)
PMI Explained
PMI Cancellation
PMI vs. FHA MIP

Title Insurance
Title Insurance Explained
Title Insurance Protection
Title Insurance Policy

The Refinance Loan Process

Our goal, at Price Financial Services, is to make the mortgage process Easy, Fast, and Convenient. Keeping with that philosophy, we have outlined the Loan Process to help you understand what will happen and where you are in the process.

The Beginning, the Pre-Qualification
You decide to inquire into a mortgage with Price Financial Services. That can be done either by filling out our online Contact form on our website or by calling us toll free. A loan consultant will discuss with you loan options and particular areas of importance for yourself so the mortgage can be tailored to your individual needs.

The Application
Once you decide you want to start the process, you can lock in an interest rate and program. You can also float your interest rate up until 10 days before settlement (Floating an Interest Rate means not locking or securing the rate, but letting the rate go where the market goes, down or up). We provide you documentation to Lock in and guarantee your interest rate, or to float your interest rate and a Good Faith Estimate that explains all costs involved in obtaining the mortgage including third party fees, such as the fees of your Title Company. We then provide you an application and a list of documents we will need to get your loan approved. (See list below) You complete the application and return it with the additional documents.

Processing
After Application, our experienced Processing Staff reviews your documentation including your credit. The staff will order flood certifications, appraisals, and prepare your mortgage for submission to an underwriter for final approval. In addition, the processing team will anticipate what the underwriter will request for approval and make sure it is included. This helps speed the process up greatly.

Underwriting
The Underwriter reviews your mortgage, making sure it adheres to their company guidelines, and industry-wide standards of lending guidelines. The Underwriter may request explanations or additional documentation before approval is given. Your Processor then gets the conditions, which may involve getting back in touch with you, the borrower. Once approved, we schedule your closing.

Pre-Closing
With your mortgage approved, we coordinate the closing date and time with the lender, Title Company, and you. Bring with you to closing a picture id and a certified check if required

Mortgage Document Checklist

Here are the basis items needed for approval:

• Last 2 months bank and brokerage statements, all pages
• W-2's for the last two years
• Most recent month's pay stubs
• Most recent quarterly or annual statement for retirement accounts
• Name and phone number of homeowner's insurance agent
• Name and phone number of title company you wish to use
• Copy of Deed and Survey on Property being refinanced

Depending on your circumstances, we may ask for the following:

• Divorce settlement papers
• Tax returns
• Gift documentation