Can I refinance if I have a second mortgage?
Second mortgages are typically paid off through a refinance. At Loan Allies, we will consolidate both loans into a new first mortgage so you will only have one payment each month. However, if it is preferable to you to keep your second mortgage intact, we may be able to ask your second mortgage lender to retain their spot in second position and allow us to refinance the first loan.
Can I refinance with imperfect credit?
The general answer is yes, we will either find a way to qualify you for a refinance or guide you on some strategies to improve your credit and then help you refinance
How long Is the refinance process?
Typically, refinance transactions close within 30 days from application to closing. However, we have constructed a seamless process, enhanced by our paperless technology that enables us to close loans even faster than the average industry turn-times. All we ask is that you do your part in delivering your needed documentation in a timely manner. We have closed refinances in one week or less!