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| You’ve decided that refinancing your mortgage
is the right way to go. Now see how Downey Savings cuts down
on the paperwork to get you your new loan in six easy steps: |
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1. Get Pre-Approved – One of our loan officers
works with you to collect everything we need to
pre-qualify you. We send it all to our central office. |
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| 2. Get Priority Attention – At the central
office our processors review the information, and,
if additional documents are needed, we contact you.
Once the paperwork is complete, the processor transfers
everything to the underwriter. |
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3. Get a Quick Decision – The underwriter
makes the decision whether to approve or deny the
loan. |
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| 4. Once Approved, You’re Processed FAST
– Your loan officer will contact you to make
arrangements to sign your loan documents. |
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5. Success! – The escrow or
title company then closes your loan. |
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| 6. Your Loan Funds – Whether to receive
a lower interest rate, reduced monthly payments,
to consolidate bills or anything else…you
start to enjoy the benefits of your smart decision
right away. |
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