There are a lot of reasons to revinance. Get a lower rate. Get off that ARM loan before your rate adjusts or rates go up. Change to a 15 year mortgage from a 30 year, or a 15 to a 30. Payoff bills and save on interest payments. Get money for college. These are only a few that we hear every day.

At Springs Lending we have a streamlined process that helps everyone involved in get through the process as quickly as possible. We use the latest technology to help keep things moving. The days of closing your loan in a week are gone. The government now requires the lender to send disclosures. This can take a week alone. Once you have received these disclosures we are able to order your appraisal. The appraisal can take anywhere from a week to three weeks. You can see how if we do not have all your information there is nearly no time to complete your refinance. Total time to complete a refinance can take anywhere from three to five weeks. We’ll take the time to let you know exactly what you need to get the loan done.

Refinancing your current home is not a difficult process, but it does require a lot of information. This information needs to be collected in a timely manner or it could result in extension fees. May not sound bad, but this if you had to pay .25% of your loan size to get an extra week, it can add up. That’s $500 for each additional week … it pays to get your information back to us quickly.

Here is a list of what we will need from you.

W2 Employed:
- 2 years W2s
- Last 30 days of pay stubs
- 401k/Asset Statements (all pages)
- Insurance Providers name & number
- Scans of drivers license

Self Employed:
- All above items
- 2 Years tax returns (personal and corporate)

VA Borrowers:
- All above documents for W2 employees
- DD214