Winner’s Mortgage Program – Refinance Loan Process

Winner’s Mortgage Program exclusive refinance loan process

The Winner’s Mortgage Program

Our exclusive defined process to your opportunity for the best possible mortgage financing and your ultimate freedom …

Coaching you through possibly the largest financial transaction of your life, and an awesome experience for you.

The Winner’s Mortgage Program loan process unfolds in six phases … and you will learn …

How to Pay Less for Your Mortgage With Three Simple Secrets

Secret #1 – How to Get the Lowest Cost Mortgage Without the Pain of Shopping Interest Rates and Fees

Secret #2 – How to Know for Sure You Are Getting the Right Mortgage for You, Even if You Know Nothing About Mortgages

Secret #3 – How to Get the Mortgage That Will Help You Win Financially, Not the One That Will Rip You Off

 

Phase 1 – Analysis

You discover the Winner’s Mortgage Program

In Phase 1, the Analysis phase, you have reviewed our Winner’s Mortgage website, and you have discovered how our exclusive Winner’s Mortgage Program is the best way to obtain your mortgage financing for your refinance.

You fill out our Client Questionnaire

This gives your Real Mortgage Consultant the information Winner’s Mortgage needs to discuss your situation with you. When you submit the form, we will obtain a copy of your credit report and follow up with you to schedule our first “Get Acquainted” meeting.

Our “Get Acquainted” meeting

Your Real Mortgage Consultant and you will meet together. We’ll meet either in our office or in an online meeting (such as Zoom).

We’ll talk about and answer your questions on why the Winner’s Mortgage Program is so essential to your WINNING with your mortgage.

We’ll also review why it is so important that you work with a Real Mortgage Consultant and not just a typical run-of-the-mill loan officer.

This will be the beginning our great relationship together, and we’ll talk about how we will have an awesome alliance working together so you can WIN!

We’ll get to know you better.

What are you looking for and what do you want to accomplish? What are your goals and aspirations?

What is your current situation? What obstacles do you need to overcome?

We’ll talk about any additional information that is needed and any clarification to what you already entered.

We will also need the necessary documents that the lender requires to support your information. We’ll talk about how you can get those documents to us.

We’ll choose your loan program and a possible interest rate according to the current market.

We’ll talk about how the process will go from here.

We unlock your membership in the Winner’s Mortgage Master Plan.

As we move through the loan process, your membership will be unlocked step by step providing you with access to more and more information throughout the six phases of the Winner’s Mortgage Program.

Here is what you receive at the end of Phase 1.

When your financing closes, you have signed the paperwork, and your refinance is funded, you will have full membership in the Winner’s Mortgage Master Plan.

 

Phase 2 – Planning

At the end of Phase 1 your membership in the Winner’s Mortgage Master Plan was unlocked and you received access to the Phase 1 information.

Here is what happens in Phase 2 – Planning.

We finalize your refinance strategy and plan.

We will take the groundwork we laid in Phase 1 and expand on it with a complete strategy for you refinance.

How will we use the refinance to benefit you and your situation?

Consolidate your debts, then use the advantage of the consolidation to accelerate the payoff of your remaining loans.

A typical run-of-the-mill loan officer will do a refinance to consolidate debts. And the implication will be that you have consolidated your debts and now have lower payments than you had before. If it stops there, that typical run-of-the-mill loan officer will have contributed to your losing with your mortgage, and you will lose financially, possibly for life.

A Real Mortgage Consultant, however, will use that debt consolidation refinance to get you set up with a plan where you use the reduction in your required monthly payments to accelerate the payoff of all your debts, including your mortgage, on your current income, possibly in as little as 6-10 years.

That is the essence of our exclusive Loan Payment Freedom Secrets Master Class, which will be our free gift to you with your closed mortgage refinance, as part of our Winner’s Mortgage Master Plan.

In Phase 2, we will work with you to define your plan so you know where you are going with this powerful strategy.

Use the reduced interest rate to accelerate the payoff of all your loans.

This is similar to the previous strategy.

A typical run-of-the-mill loan officer will do a refinance reducing your mortgage interest rate and leave it at that, simply reducing your monthly payment due to the reduced interest rate, but with no thought or plan about how to use that reduction to set you up for long-term success.

A Real Mortgage Consultant, however, will use this interest rate reduction and reduced payment as a result of it, as part of an overall plan to payoff your other debts and your mortgage more quickly than it could have otherwise been done.

This powerful strategy to accelerate the payoff of all your loans will give your Loan Payment Freedom Secrets plan a jump start.

Refinance as a cash out loan, then use that cash out for a worthwhile purpose to improve your situation

The key here is to be sure you are using the cash out you receive from a refinance to really improve your situation.

A typical run-of-the-mill loan officer will think that almost any purpose to refinance for cash out is a good reason. However, there is ample room to question whether refinancing your mortgage to finance a vacation, or to purchase a boat, or for some other dubious purpose is a really valid reason for a refinance.

A typical run-of-the-mill loan officer will have no problem doing so, because he or she gets paid for doing the loan and does not really care whether it is truly in your best interest.

Granted, you do have the ultimate decision of whether you want to do it, and every right to proceed if you do. But you really need to consider whether a mortgage refinance for such a reason is a wise move for you. Most likely, it is just setting you up to lose financially, and to be a servant to lenders for the rest of your life.

A Real Mortgage Consultant, however, will help you plan what is a truly useful purpose for cash from a refinance and, as part of it, also help you with a plan that you can turn around and pay it off as quickly as possible after that.

A good example of a possibly good reason to refinance your mortgage for cash out is to invest the money in your home to increase the value. Even there, caution must be used because so many investments into improvements into the home do not really increase the value. Then the question must be considered if it does not increase the value, does it at least increase your quality of life, and is the increase loan amount justified to do so.

These are the kinds of questions a Real Mortgage Consultant can help you consider for your best interest. And that decision may be to not proceed with the refinance meaning that the Real Mortgage Consultant does not earn a commission for that loan as a result of helping you make the right decision for you.

And, contrary to a typical run-of-the-mill loan officer who is just trying to do the loan for any reason to get paid, a Real Mortgage Consultant only wants to do it and get paid if it is truly of benefit to you.

Then, ultimately, the goal will be to discuss how to pay off all your loans quickly so you have the very real possibility to no longer be in bondage to lenders, paying them many thousands of dollars in interest, money that you have to earn at your job, then turn around and give it to them, making them wealthy while you have to keep working for them.

Winner’s Mortgage unlocks your Phase 2 membership in the Winner’s Mortgage Master Plan.

Once we have well defined your refinance plan, you will receive access to these next components of the Winner’s Mortgage Master Plan to help you.

Do not make any changes in your financial situation.

In the meantime, you need to be very careful that you do not do anything to change your situation and possibly invalidate the approval of your mortgage. For example, don’t apply for new credit, don’t spend any money you wouldn’t normally spend, don’t quit or change jobs.

If in doubt about anything, talk with your Real Mortgage Consultant first before you take any actions. Failure to do this correctly could mean that you will end up no longer having the ability to refinance that you thought you had.

This advice applies through all phases of your refinance loan process until you sign the final documents at the closing.

Your Real Mortgage Consultant and Winner’s Mortgage move into Phase 3 to prepare your mortgage financing for the lender’s approval.

 

 

Phase 3 – Loan Application

In Phase 3, your Real Mortgage Consultant and Winner’s Mortgage move into the next phase, Phase 3 – Loan Application.

Winner’s Mortgage unlocks your Phase 3 membership in the Winner’s Mortgage Master Plan.

Once we enter Phase 3 upon preparing your plan, you will have access to these next components of the Winner’s Mortgage Master Plan to coach you through the process.

 

You send us additional documents needed

Winner’s Mortgage will ask you for any additional documents needed that the lender will require to process your loan application.

These documents may include updates of documents that you have previous provided, such as more recent pay statements or bank statements, if enough time has passed and more recent documents are available.

It could include any additional documents that the lender will request that we did not previously request from you.

You will want to do this quickly so that time is not unnecessarily wasted so you can close when it is advantageous to you.

We will send you the loan application to sign.

You will receive two sets of loan applications and supporting documents to sign electronically. The email will contain instructions on how to do this. It is not difficult and your Real Mortgage Consultant will help you with any questions.

One set will come from us and another set from the lender that will be doing your loan.

One disclosure document will be the Loan Estimate form showing the expected fees for your mortgage.

Title opinion & title insurance.

We will order a title opinion from the title company. They will research the history of ownership (title) on your home.

The title company will confirm that there is no potential conflict in the ownership of your home that may occur after your refinance.

They will further guarantee their opinion by insuring the title for the benefit of the lender. You will pay for the lender’s insurance at closing. You can also purchase the same insurance for yourself at a reduced rate when you do so at closing.

This is to insure that there is not a rare event later where an unexpected claim on the ownership of your home comes up.

Appraisal.

We will order an appraisal of the home you are refinancing.

The licensed appraiser works as the eyes of the lender to report back on the property the lender will have as security (collateral) for the loan.

The appraiser will judge the value of the home based on other homes in the area that are similar to the one you are refinancing. As long as that value is equal to or higher than the necessary value for the loan amount and your loan program, it will pass that test for the lender.

The appraiser will also review the condition of the property to determine if there is anything serious that needs to be repaired or changed. These requirements can be different depending on the loan program.

If the appraiser reports that the value is less than needed for your refinance, or if there are significant items that need to be repaired, this will require further discussion with your Real Mortgage Consultant to decide on a plan.

If the appraisal comes back with a higher value than needed for your refinance and no required repairs, then the appraisal should be good to go, assuming no unexpected issues from the lender.

Employment, bank account verifications, and tax transcripts.

If the lender requires these, we will order verifications of your employment status from your employer and your bank accounts from your bank to confirm the pay statements and bank statements you provided.

Be aware that the lender will probably contact your employer the day of closing to confirm you still work there. So, this is another reminder to not make any significant changes in your situation before your refinance actually closes. Many stories are out there of how this mistake has canceled a refinance at the last minute that otherwise would have closed.

We can also request your tax transcripts from the IRS. The lender uses this to confirm that the information you report generally matches what you tell the IRS.

We send your application to the lender for underwriting.

With all of these components of your application in place, we submit all of it to the lender for their review and approval.

 

Phase 4 – Underwriting

Winner’s Mortgage unlocks your Phase 4 membership in the Winner’s Mortgage Master Plan.

When we send your loan application to the lender, we enter Phase 4 of the loan process. At this point we also open access to these next components of your Winner’s Mortgage Master Plan to coach you through the process.

In Phase 4, the lender reviews your application and will respond with their decision.

This decision should not come as a surprise in most cases since we have done our due diligence up front in setting up your loan application.

Most likely, this will be an approval with conditions. This means that your application is approved, with the exception that something will need to be done yet to get final approval.

Some conditions may require a response from you. That could include additional documents or an explanation for something the lender saw in your application.

These are really treated on a case by case basis.

Your Real Mortgage Consultant will communicate with you on progress and what may be needed.

Lock your interest rate.

If it hasn’t been done already, we will consult with you and lock your interest rate for your loan.

This will guarantee your loan interest rate provided your loan closes and funds within the lock period specified. Possible lock periods are usually 15, 30, 45 or 60 days.

Review conditions.

The lender will review fulfillment of the conditions we provide to the lender and respond as needed.

The lender issues the “clear to close”

Once all conditions are satisfied, the lender issues the “clear to close” and we move to Phase 5.

 

 

Phase 5 – Closing

With your “clear to close” from the lender, we enter Phase 5 of the loan process and we start getting ready to close your refinance. We also open access to the Phase 5 components of your Winner’s Mortgage Master Plan.

 

Your closing is scheduled

If this hasn’t already been done, your loan will be scheduled for closing. The date, time and location to sign the documents will be established.

This will be done in coordination with you and the title company.

Your closing documents are produced by the lender

We will review the closing documents to be sure that everything is in order.

The lender will send the Closing Disclosure to you in advance of the closing so you know what to expect.

Your cash to close

If you need to bring cash to the closing, we will communicate the exact amount of funds you will need to bring.

Please obtain a cashier’s check for that amount drawn on the account you put on your application and bring the check to closing.

At the closing

A representative from the title company will manage the closing. This may be held at the title company office, our mortgage office, or some other pre-agreed location.

You will sign the necessary loan papers at the closing and provide the cashier’s check that you brought with you.

Federal law requires a three-day waiting period on a refinance before the funding can occur. Although you have a right to cancel the transaction during those three days, this should not be necessary when working with a Real Mortgage Consultant. Everything will have been thoroughly discussed with you up to this point, and you will have no doubt that the refinance is the best choice for you.

This means on the fourth day after closing, not counting Sundays, the cash transfers are concluded. If that fourth day is on the weekend or a holiday, then it will be the following business day.

The title company will process the funds from the lender and from you if you needed to bring cash. They distribute the funds to all relevant parties.

If you receive cash from the refinance, the cash will be available to you on the fourth day.

What’s next?

For a typical run-of-the-mill loan officer, this will be the end of the process, and there is a good chance you may never hear from this typical run-of-the-mill loan officer again.

However, for a Real Mortgage Consultant, closing your refinance is just the beginning of a lifelong relationship …

A relationship to provide tools and do whatever possible to help you WIN your freedom from loan payments, freedom from your job, and freedom to do what you want.

With a Real Mortgage Consultant, you will move on to Phase 6 – Freedom. This is a lifelong relationship if you choose to take advantage of all that is available.

 

Phase 6 – Freedom

Your refinance is done and you now have the benefits of your refinance! Awesome!

We move to Phase 6 – Freedom. This is territory that only a Real Mortgage Consultant will know. A typical run-of-the-mill loan officer will have no idea.

Your Real Mortgage Consultant is still available and with you even after the closing.

Winner’s Mortgage unlocks your Phase 6 membership in the Winner’s Mortgage Master Plan.

Now you are set up with the tools and ongoing coaching you need to be free of all loan payments, free of your job, and free to do what you want.

You will have what you need, although there are no guarantees. It will be up to you to use the tools and do what it takes.

And when you do, you have the very real potential to become part of the 5% of people who WIN financially. You don’t have to lose any more like the 95% who lose.

You now receive full membership in the Winner’s Mortgage Master Plan. An abundance of information will open to you. Here is what you will have access to use for your potential freedom when you do what you need to do.

Freedom from loan payments

When you take responsibility and do what you need for your success, it’s a great idea to start with the Loan Payment Freedom Secrets Master Class.

Loan Payment Freedom Secrets teaches how you can potentially pay off this new mortgage and all your other loans in as little as 6-10 years on your current income.

Use the bonus packs – The Drill Down Pack, The Action Pack, The Do It Now Pack, in addition to The Crush It Pack which you received earlier – to help accelerate your success.

Freedom from your job and freedom to do what you want

As you become free of all loan payments, giving yourself fewer demands on your income, you can also work to develop other sources of income.

At some point, the timing will depend on each individual family and situation, it could be a few years, and you will cross an awesome threshold where you can see the very real possibility that you can give up the income from your job.

Then, as you can develop additional residual income that comes in whether you work or not, you can be free to do what you want.

Honestly, this process can take some time, so it is important to manage expectations.

This is what is critical to remember. If you never start, you will never get there.

And you start today by choosing a Real Mortgage Consultant with Winner’s Mortgage where you can receive the Winner’s Mortgage Master Plan as a free gift with your mortgage – something that you will never get with just any typical run-of-the-mill loan officer.

So, while it is a process that can take a few years or more to execute, this is a great way to get started with something you are going to do anyway – a mortgage refinance.

Take advantage of it and give yourself every advantage you can.

Why would you settle for just getting the mortgage with a typical run-of-the-mill loan officer and get nothing else?

Instead, use the Winner’s Mortgage Program to do a great job on your mortgage with a Real Mortgage Consultant and Winner’s Mortgage, then use the Winner’s Mortgage Master Plan to potentially become part of the 5% of people who WIN, not the 95% who lose.

It’s awesome, and you have the very real possibility to make it true for you!