Begin loan pre-approval process
    Gather Required Documents
   

2 months of asset statements including checking, savings, stock, mutual fund,
and retirement accounts (all pages)
    copy of a valid government issued ID (driver's license, passport, etc.)
    $18 check made payable to Spinner Mortgage for a credit report
(refunded at time of closing if this is a no-cost refinance)
    Salaried Employees - 2 years of W-2 statements and 1 month of consecutive pay stubs
    Self-employed Individuals - 2 years of federal tax returns (all schedules) and year-to-date
profit and loss statement
       Alternative documentation processes and home equity lines of credit are available.
   Please speak to your Spinner Mortgage agent for further explanation.
    Apply and Get Pre-Approved
       This process helps you determine the amount you can borrow. Sign and complete
   the loan application and disclosures. The application can be "fast and simple" if you follow
   our instructions to fill in sections III, IV, the asset portions of VI, VIII and IX. Your Spinner
   Mortgage agent can help you with the rest. At this time, income and credit verifications are
   completed as well as checks on your assets and liabilities. During the loan approval process,
   it is important not to significantly change the status of any of your financial accounts.
     
  Loan approval
    Compare Loans and Rates
       Deciding on the loan amount and length of your loan period will help you determine if points
   and fees make sense. Do you plan to hold onto your property for an extended period?
   A fixed or a variable rate is one of many choices available to you. There are also several
   alternatives to points and fees. Talking with a Spinner Mortgage agent can help you find the
   right loan program for you.
     
    Lock your rate
       Work with your Spinner Mortgage agent to lock in your rate. You may be required to submit
   additional documentation before the loan can be approved. Your loan application will go
   through the final approval process which includes verifying the information submitted on
   your application. It is important to postpone making any major purchases or changing the
   status of your financial accounts. Large deposits and withdrawals must be documented.
   If you make any significant changes in your application information, please notify your
   Spinner Mortgage agent.
     
  Close the loan
       Review and sign loan documents. Check the documents carefully for the correct interest rate,
   loan amount, names and addresses. You may be required to bring a cashier's check or to wire
   funds. Refinance loans on primary residences have a mandatory three-day rescission period.