Answers To Common Refinancing Questions.

Not necessarily. We are able to offer some of the best refinancing rates available in the industry with and without closing costs.

Poli Mortgage will run your completed application package through our underwriting system right away. Pending the appraisal results, we will have an approval status back to you within 24 hours.

Poli Mortgage has direct access to the secondary mortgage market, which gives us full control over the process and pricing we can offer our customers. Also, mortgages represent 100% of our business. This exclusivity enables us to offer the most competitive mortgage loan rates within the industry at large.

We are a direct lender, and move quickly to close your financing. As soon as we obtain all the required documentation and appraisal, we enter the application and supporting documentation into our system. If all items are in order, we can approve and close in a number of days. Generally, from start to finish, refinances will take about 25 days.

To get started, Poli Mortgage asks for your most recent pay stubs, W2s, bank statements, home owners insurance, along with a copy of your current mortgage statements. Underwriting may require additional documentation and your Poli Loan Officer will let you know of any additional requirements.

A traditional refinance typically requires an appraisal.

Poli Mortgage does have programs which may assist home owners to refinance, even if the value of their home has dropped significantly. One such program is called the HARP program. Contact your Poli Mortgage Loan Officer for more information on this program.