Funding the Loan

Funding The Loan   FUNDING A loan is funded when the lender send their money to the title company.  The funding is the final stage in the home buying and refinance processes, and there are a few things to know about the process and what’s required before a loan is finalized. Once the closing documents have been signed by all parties, […]

Lender Process

The following is an overview of the loan process when securing a mortgage. This process begins once the loan details (such as program, rate, costs, etc.) have been finalized and a contract has been executed. LOAN PACKAGING (1-2 business days) Borrower provides “Green Light” and a loan package sent  for review and signatures Signed loan […]

Loan Application Completed

Thank you for submitting your loan application.  We will reach out to you to review the details and discuss the next steps.  Please start gathering your Supporting Documents so you can Get Pre-Approved. Next Step: Get Pre-Approved Current Step: Gather Documents Previous Step: Submit Loan Application Please contact us if you have any questions about the supporting documents. […]

Loan Consultation

coming soon! The loan consultation will take approximately 30 to 45 minutes and will be when we finalize the details of financing.   Interest Rates When to Lock Premium Pricing Closing Costs Review the Loan Process   Next Step: The Loan Process  

Select a Realtor

“You get what you pay for” isn’t necessarily true in real estate. Most Realtors earn a 3% commission on the sale’s price of the home yet the level of expertise, professionalism, and service vary greatly from Realtor to Realtor. It’s important to select a professional that has in-depth knowledge of your market with your best […]

Escrow Accounts

ESCROW ACCOUNTS A mortgage escrow account is a reserve account held by the mortgage servicer on behalf of the homeowner, and contains the homeowner’s funds that are used to pay the annual property taxes and homeowners insurance when the bills come due. While these funds technically belong to the homeowner, the homeowner can’t access the funds in this […]

Escrow Analysis – Refunds and Shortages

ESCROW ANALYSIS If you currently have a mortgage AND have an Escrow Account then this page may be applicable to you. You may also want to check out our page on Escrow Tax Increases and New Construction Values.  REGULATION Every year, typically around February, mortgage servicers conduct an escrow analysis to ensure that your escrow account […]

Refinance Process

The refinance process is similar to that of the home buying process with a few obvious exceptions (such as using a Realtor, finding a home, executing a contract, etc.).  The very first step is to determine if a refinance would prove worthwhile. Complete a Refinance Analysis Get Pre-Qualified Send Documentation Loan Consultation Start the Loan Process […]

    WHAT ARE FHA’S FORECLOSURE REQUIREMENTS  FHA requires a three year waiting period from the date that the foreclosure was finalized before allowing a borrower to purchase or refinance a new mortgage home loan.     See FHA’s Short Sale and Bankruptcy’s Seasoning Requirements.

The Pfeiffer Team

During the loan process there will be a number of individuals working towards closing your loan – each has their own specific role and all are committed to exceptional service. Below is an overview of the loan process, pictures of the team members, and a brief description of their roles. Please call us at any […]