what to expect while va streamline being processed

7
What to expect now that your VA Streamline is in processing

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Post on 12-Feb-2017

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Page 1: What to Expect while VA Streamline being Processed

What to expect now that your VA Streamline is in

processing

Page 2: What to Expect while VA Streamline being Processed

Your loan is in processing now what? (5-10 days avg)

• Disclosures (state and federal)• Request Payoff amount• Order title search and insurance• Get Tax Information• Look at Insurance coverage• Contact the VA• Other misc. details

Page 3: What to Expect while VA Streamline being Processed

• VA IRRRLS have very little denial rate at this time (minimal underwriting occurs)

• Do you still meet VA guidelines?• Will the VA guarantee your loan?• You will get a Closing Disclosure or CD

to review and ask questions

After Processing is Underwritng? (3-5 days avg.)

Page 4: What to Expect while VA Streamline being Processed

• You will be contacted to schedule your closing time and place

• Ask any last questions or review of the Closing Disclosure or CD

• We will come to your home to close

Your Loan Gets Cleared for Closing (1-3 days)

Page 5: What to Expect while VA Streamline being Processed

• You have time to relax, think, ask more questions

• After 3 business days your right to cancel expires and you are all done!

• Congratulations! Now enjoy those savings

You Closed now what? Rescission period (3 business days)

Page 6: What to Expect while VA Streamline being Processed

• Many VARIABLES that we cannot control• Timelines mentioned are estimates only• We lock loans for long enough time to

avoid misunderstanding and lost locks and rates

• You have a lot of influence• Patience is helpful when needed• We are working as hard as we can for

you, if you get frustrated call, email, text.

Important Facts to Consider

Page 7: What to Expect while VA Streamline being Processed

“Wish I would've hooked up with you when I first bought my house. You have been such a

blessing to me and my son. Thank you for all you have done.”

www.REVIEWLOWVARATES.COM