1. APPLICATION

• Application available online or in person.
• Discussion of loan options available.
• Pre-approval letter and additional disclosures distributed.

2. PROCESSING

Appraisal will be ordered to determine real estate value. Radiant Mortgage loan processors will make sure all documentation has been collected.

3. UNDERWRITING

Radiant Mortgage will underwrite your loan, and collect any additional documentation necessary.

4. CLOSING

Radiant Mortgage will prepare your closing documents. Your closing will be handled by a closing attorney who specializes in home loans. During the closing, funds are dispensed to the appropriate parties.

5. SERVICING

Radiant Mortgage maintains the servicing of the majority of loans it originates. That means you can rely on Radiant Mortgage professionals to assist with escrow accounts and payment processing.

6. FUTURE MORTGAGE NEEDS

Do you need to refinance? Are you interested in purchasing a second home? Market and personal life changes may present new mortgage opportunities. When you are ready, Radiant Mortgage is here to help.

• If you are interested in purchasing a new home and have questions about the amount you should borrow, our team will walk you through our approval process and will let you know just how much house you can afford to buy. This information can help you decide if the mortgage amount you seek, and the monthly payments, will work with your budget and lifestyle. Mortgage loan options include: fixed and variable, 5-, 10-, 15-, 20-, and 30-year terms.
• The pre-approval letter specifies the amount of the mortgage loan, and the terms associated with the loan. Other disclosures provided may include a loan estimate and other forms required by law. All personal information on your application is confidential and protected by law.

The post THE MORTGAGE PROCESS appeared first on Radiant Mortgage.

If we talk about economic theory and predictions, those factors should be resulting in a boom in mortgage refinancing. But locking in a deal is proving to be a challenge these days — even for well-heeled homeowners.

The reason for this is that low appraisals and tight lending standards are making it hard for many borrowers to refinance, even if they have good credit rate and substantial assets. Even those who meet these hurdles can face frustrating waits.

The good news is that borrowers still have something they can do.

By switching assets to your mortgage Borrower, cleaning up your credit and havign a better understanding of how the new government programs work, you can improve your chances of scoring a good refinance deal.

“The reward in the end is substantial, provided you can survive the process,” says a vice president at mortgage-data provider our experts.

The post Thanks to Millennials, Homeownership Is As Low Now as in 1965 appeared first on Radiant Mortgage.

If we talk about economic theory and predictions, those factors should be resulting in a boom in mortgage refinancing. But locking in a deal is proving to be a challenge these days — even for well-heeled homeowners.

The reason for this is that low appraisals and tight lending standards are making it hard for many borrowers to refinance, even if they have good credit rate and substantial assets. Even those who meet these hurdles can face frustrating waits.

The good news is that borrowers still have something they can do.

By switching assets to your mortgage Borrower, cleaning up your credit and havign a better understanding of how the new government programs work, you can improve your chances of scoring a good refinance deal.

“The reward in the end is substantial, provided you can survive the process,” says a vice president at mortgage-data provider our experts.

The post Compared to 2019, This Year’s Refinancing Bids Have Doubled appeared first on Radiant Mortgage.

There has never been more appropriate time for trying to refinance your mortgage. Rates are at record lows. The government is devising new programs to help homeowners. The economy and job market are improving, though with a really slow pace.

If we talk about economic theory and predictions, those factors should be resulting in a boom in mortgage refinancing. But locking in a deal is proving to be a challenge these days — even for well-heeled homeowners.

The reason for this is that low appraisals and tight lending standards are making it hard for many borrowers to refinance, even if they have good credit rate and substantial assets. Even those who meet these hurdles can face frustrating waits.

The good news is that borrowers still have something they can do.

By switching assets to your mortgage Borrower, cleaning up your credit and havign a better understanding of how the new government programs work, you can improve your chances of scoring a good refinance deal.

“The reward in the end is substantial, provided you can survive the process,” says a vice president at mortgage-data provider our experts.

The post 4 Tips for Refinancing Your Mortgage appeared first on Radiant Mortgage.