Mortgage Refinance Program.
If you are interested in refinancing your home loan in order to reduce your monthly payment or interest rate, liquidate some of your home’s equity, or pay off any outstanding debt, Poli Mortgage Group is here to help you every step of the way.
The refinancing process is fairly straightforward and takes three primary factors into consideration:
Home Value – The desired mortgage amount and estimated appraised value of your home will determine refinance eligibility. The Loan-to-Value ratio must be within a qualifying range for refinance program eligibility.
Credit Score – If your credit score is the same or better than your last financing round, you have a good chance of qualifying for a mortgage refinance. If your credit rating has lowered, this may result in a closer scrutiny of your loan request.
Debt Ratio – If your income has remained stable, and your monthly expenses have not increased, you are in a good position to refinance your home loan. Lowered income and/or increased expenses may present challenges.
The Poli Mortgage online application has been strategically designed to help you complete the process in an intuitive manner. We have a number of refinance program options including, but not limited to our competitive FHA refinance program. The friendly application interface gives you the opportunity to save and restart anytime along the way. We encourage you to give this convenient online application a try, or if you need direct assistance, please reach out to one of our Poli Loan Officers anytime via phone or email.