When you own a home one thing you’ll need to consider is if or when you may want to refinance. Refinancing is when you pay off your old mortgage and replace it with a new mortgage that has a lower interest rate, a lower monthly payment, or other favorable adjustments. When you refinance with Warp […]
The Online Digital Mortgage: Refinancing Read More »
If you are considering a cash-out refinance, it’s important to understand the pros and cons. Refinancing for cash-out can be a great way to pay for home improvements or create cash flow. However, this type of loan may not be right for everyone as there can be significant drawbacks if your circumstances change in the
The Pros and Cons of a Cash-Out Refinance Read More »
When you buy or refinance a home with Warp Speed Mortgage, your loan application will enter a unique loan process, called our Automated Underwriting System, or AUS, for a quick and fast determination of approval. From there it will be reviewed by the Underwriting team. Underwriting will review your application in more detail to determine
The Processing Stage in the Digital Online Mortgage Process Read More »
If you’re interested in buying a new home or refinancing a property, using mortgage calculators can help you do some of the hard math that comes along with the home financing process. Warp Speed Mortgage offers mortgage calculators that can help you determine your estimated monthly mortgage payment, how much home you can afford, the income
Using Mortgage Calculators Read More »
There are many reasons to refinance your mortgage, from getting a lower rate to taking cash out, while some homeowners may be interested in refinancing for a shorter loan term. This financing strategy can allow homeowners to pay down their mortgage quicker and with a lower interest rate. However, this route may not be for
Refinancing a 30-year Fixed to a 15-year Fixed Read More »
If you’re looking to achieve your home financing goals, you know a big part of the process is the closing experience, or the process where you sign all your documents to finalize your loan – some, all, or none of which can be done remotely (state restrictions do apply). There are several types of closing
Everything You Need to Know About eClosing and eSigning Read More »
From flying, to purchasing certain items, to taking out a loan, ID verification is a necessary part of everyday life. During the mortgage process, you’ll need to have your identity verified to protect against fraud. During a traditional transaction, this would be done by showing a government issued photo ID to your loan officer. What
Online Digital Mortgage Technology: Digital ID Verification Read More »
Once you have moved through the majority of your online digital mortgage process, you’ll sign your closing documents and have them notarized by a notary. Traditionally, this process had to happen in person, typically in your loan officer’s office, to have all documents signed and observed by a notary. Today, digital technology allows this process
Digital Mortgage Technology: Remote Notarizations Read More »
If you’ve been considering beginning your home buying journey for the first time, you may have heard some less-than-favorable stories from your family and friends about delays experienced in the traditional home financing process. Oftentimes, people will experience delays that can have a real impact on the time it takes to complete their home loan.
The Best Home Financing Process is a Speedy One Read More »
Using the Warp Speed Mortgage online platform is an easy way to reach your home financing goals from the comfort of your home computer. While a completely online mortgage experience wasn’t possible when our parents bought their first home, technology has allowed lenders to move away from the traditional mortgage experience and support you remotely.
Technology: The online mortgage application Read More »
