Make your home loan work smarter, not harder
Get a quick approval process from those who know our communities best. PenAir’s Mortgage Experts are sure to help save you BIG with a Mortgage Refinance.
Lower your monthly payment to free up some of your budget
Reduce the term of your loan to build equity faster
Consolidate your debt and save money with a lower interest rate
Make home improvements so you can live, laugh, love more
Compare loan types, rates and terms
Review your mortgage choices, play around with PenAir’s mortgage calculators, and even contact a PenAir Mortgage Expert to find the best option for you.
Apply for your loan
It’s a lot easier than you might think. Our online loan application is a fast and easy way to get your mortgage loan process started.
Provide supporting documents
We provide secure online and offline options to send required documents to our underwriters. We know this is the boring part, but our Mortgage Team will make it as easy as possible.
Get your pre-approval
This step lets you know what your approvable purchase and finance amount is, the rate and potential monthly payment for that amount. Let the house hunt begin.
Lock in your rate and get final approval
If you are refinancing, this step can take place right after pre-approval. For a home purchase, the loan will move toward closing once you have had an offer accepted and the property details are submitted to our team.
Review final loan documents
Once we have the required property information in hand and other document requirements have been met, we can generate the final loan documents for review before setting a closing date.
Close on your new home
Now for the fun part. Once a closing date is set, loan documents will be delivered to the closing agent for signing and financial transactions will be coordinated to complete the process. And just like that — you’re home.
You may need to pay off some high-interest debt, shorten the repayment length of your mortgage term, or lower your monthly mortgage payments with a lower rate.
Yes. There are several options that allow you to tap in the equity of your home and take out cash. Speak with one of our mortgage loan experts to discover the best option for you.
In most cases the answer is yes. In some cases, an appraisal may not be required. You should always consult a mortgage expert to find out if an appraisal is necessary before starting the refinancing process.