Have objectives of what you want to accomplish with your refinance. You may want to consolidate debts, plan home improvements, get cash out, or maybe to lower monthly payments. Check the interest rates are lower than your current so that you will benefit from refinancing your home.

You decide to refinance your home. Call WEI to have a consultation.

Once you found out that it makes sense to refinance, you can start the process of refinancing your home by working with a lender.. Without hesitation, WEI has the most flexible and various products available in the market. Moreover, our rate is one of the most competitive and our fees are one of the lowest in the market. Needless to say, our service tops our products. Shop around and call WEI to be your lender.

How much you can save or how much cash you can take out is based on the interest rate and terms of your current mortgage, current interest rate, and the equity of your home along with the relationship between your income, assets, credit, current housing payment, and the equity. Use mortgage calculator to find out if it makes sense to refinance preliminarily -or- contact loan specialist at WEI to find out more.

1. If you don't have a Loan Officer yet, get one assigned by WEI
2. Have a preliminary consultation for your needs and scenarios with loan officer
3. Determine the best program for your needs
   • Cashing out on a first mortgage.
   • Cashing out using a second mortgage (HELOC, Fixed Second Loan)

When the process comes near the end, you'll go through the closing otherwise know as the settlement. Only after completing this step, you'll walk away with right (keys) to your new home. At the closing, you may meet with the seller, the lender, the attorneys, a representative of the title company, the real estate agent, and other people who are involved to bind the deal legally.

1. You sign in Loan Application with Loan Officer, WEI to start your loan process.
   • Uniform Residential Loan Application (1003)
   • Payment for the credit report for each borrower and the appraisal
2. WEI and you lock-in the interest rate on the loan
   Note: it can flow. Once lock-in, rate cannot be changed
3. WEI sends you a Good Faith Estimate, Truth in Lending, disclosure documents
   Note: Good Faith Estimate - estimated statement for closing/settlement
4. You submit all required documents to WEI to obtain the loan
5. WEI verify all documents submitted for its authentication
6. Upon verification of all data, WEI order following services
   • Appraisal (Note: Must be appraised for the sales prices)
   • Title search (Note: Must have a clear title)
7. Upon all satisfaction, closing/settlement is scheduled
8. WEI send you an estimated settlement statement
9. You go to settlement with followings
   • 2 IDs - Driver’s License, Social Security Card, Passport, Green Card, Visa
   • Cashier’s Check made to the settlement company in estimation
   • Personal Check to settle between actual and estimated cost
10. You sign in documents to complete the refinance

Once you refinance your home, you should celebrate your excellent decision. You probably have saved tons of money over time or have enough cash on hand to do what you've been dreaming about.