Whether you are looking to purchase your dream home or are wanting to refinance your home to achieve financial goals, our team at PRW Lending will make the process clear and simple. The purchase of a home is likely the largest and most important purchase you will make in your lifetime. This can feel overwhelming and stressful. Likewise, a refinance can feel just as arduous. This is why our professionals will walk you through this process so that your experience will be a positive one.
Here is the process we take you through
We will set up an initial meeting to discuss your financial needs and options, so that we can determine which loan program best fits your situation.
We will appraise the property. An appraisal is an estimate of your property’s value. This is required because the property is the underlying asset that acts as collateral for the loan. We will make this process easy and convenient for you.
- W2 forms from the previous two years, along with full tax returns.
- Current pay stubs for the previous 4 weeks.
- Bank statements for the previous 3 months.
- 401k, profit sharing or any other investment statements.
- Bankruptcy or Divorce papers if applicable
Once we have all your paperwork in hand we will review your application and get it to our underwriters. This process takes approximately 24 hours before we can provide a loan offer.
After you have been given your loan offer, and we have your approval, we will collect any other information needed to get the loan finalized.
Closing is the last step in your home loan or refinance process. We will set up a final meeting to sign all the necessary documents and finalize the settlement.