Refinance Process Overview
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START -
LOCK IN RATE
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Complete file
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Close
Start
You consider refinancing your mortgage.
What Happens
Your Client Advisor will send you a quote based on your goals and qualification parameters, and will:
- Discuss your refinance goals and review your options
- Show how we can lower your interest rate, get cash out, or change your loan term
- Explain how JVM’s refinance process works
Step 2
Review your loan and interest rate options.
What Happens
Your Client Advisor will send you a quote based on your goals and qualification parameters, and will:
- Review your quoted interest rate, closing costs and new monthly mortgage payment
- Walk you through the loan application process as needed
- Lock in your desired interest rate and loan terms
Step 3
Complete your loan file.
What Happens
Once your refinance is locked in, your Client Advisor will introduce you to a Mortgage Analyst who will:
- Update and complete your loan file
- Obtain an appraisal if one is required
- Review your loan disclosures with you to ensure you are comfortable with the terms and process
- Package and submit your file for underwriting
Step 4
Close your refinance.
What Happens
Your Mortgage Analyst will introduce you to your Closing Specialist, who will:
- Be your sole point of contact through funding and closing
- Help address any requests from your underwriter and share “cash to close” figures
- Order loan documents, set up your signing appointment, and request funding
Congratulations!
Your new loan has closed.
You’ll work with your own dedicated team of mortgage experts.
Working as a team is what makes JVM able to deliver:
Fast closings- Unbeatable response times
- Constant availability
Fast closings
Since its formation in 2006, JVM Lending has been committed to reinventing the mortgage lending model in order to provide outstanding service, low rates, and some of the fastest closing times in the industry.