Refinance Mortgages

Mortgage Refinance

Chances are if you own a home, your paying more in interest than you should be and you should look at refinding your home to save thousands of dollars per year by doing a mortgage refinance of your current home mortgage loan or by doing a cash-out refinance.

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About Refinances

The Loan Process

The Refinance process can be very simple and quick. In getting started you want to remember one thing: documentation. Having all the documentation that you need can help speed things up with your Mortgage Refinance.



Checklist of documents


The following is a list of some of the documents you may need when completing a Refinance Mortgage Loan.


  • A copy of your driver’s license or government-issued photo I.D.
  • A copy of your W2’s for the past 2 years or complete tax returns if self-employed
  • Your two most recent pay stubs, showing your current year-to-date gross income.
  • A copy of your DD-214 or Statement of Service if active military
  • The Mortgage “Note” from your current mortgage
  • Awards letters showing any disability, pension, or Social Security monies you are receiving
  • A copy of the declarations page from your Home Owner’s Insurance policy

When applying for the loan, the first thing you should do is find as much of the fore-mentioned paperwork as possible. This can cut significant time off of the total loan process. There may, of course, be other things you are asked for, but this should get you started on the right foot. After you have submitted your application, your loan will go through an automatic underwriting system, which gives approval for qualified applicants to go ahead to process the loan.

Processing the loan is where the bulk of time goes into completing your loan. One of the first things needed is to assemble a list of required documents.

Some conventional loans don’t require an appraisal if you are not pulling cash-out. This is a case-by-case basis determination from the automated underwriting system from Fannie Mae or Freddie Mac.  If you are pulling cash-out and the loan is a conventional loan, FHA, VA or USDA loan, then an appraisal from a local approved appraiser to do the appraisal will be required. Once the appraisal has been ordered, the appraiser usually contacts the borrower within 3-5 business days to schedule a time for the work to be done. Once the inspection is complete, the appraiser will get the report back to the lender. Typical times to complete an appraisal is 7 to 10 business days.

During this time there will be many forms that the processor will be ordering and completing such as but not limited to verifying income and employment, obtaining various payoffs, homeowners insurance, letters of explanation, ordering payoff statements, and obtaining a preliminary title report on the property to make sure there are no additional liens on the house or lot.

Once all the paperwork and documentation have been gathered, the loan is submitted to the lender who assigns an underwriter; they then will review the entire loan file. The processor is always in close communication with the borrower’s Mortgage Loan Specialist during this process, and that Specialist will keep the borrower informed as these steps are completed.

Once the underwriter approves the loan the borrower will be contacted to schedule the closing time. After all the documentation has been signed and shipped to the lender, the loan will fund in 4 business days. The borrower will then receive any cash due to them at this time.


… is the consummate professional; they answered all of my questions right away leaving me with a sense of security. They have an extremely positive attitude, displays great integrity and are very knowledgeable… – Jay Sutton, Memphis TN

Cash-Out Refinance Mortgage Loan

If you need money to consolidate high-interest credit cards, home improvement projects, pay medical bills, cover college tuition, or would just like to pocket some extra change, a cash-out mortgage loan or a cash-out debt-consolidation mortgage loan may be the best solution to help your finances improve.

Ogden Mortgage Loans will pay off your current mortgage with the proceeds of your new mortgage loan.

If the loan is a conventional loan or an FHA loan, you can get up to 80% of the value of the home from a cash-out mortgage refinance loan on a primary residence. Ogden Mortgage Loans allows for 100% financing for VA loans on cash-out refinances of the value of the home. If the home is for an investment property, you can get a maximum of 75% LTV (Loan to Value) of the appraised value of the property.

Frequently Asked Questions

Would you like to speak with an Ogden Mortgage Loan Specialist who can help guide you through the loan process? We have specialists standing by to assist you in making this a quick and easy process.Call 1-385-298-5130

Apply now to get started with a Refinance Mortgage Loan