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How Does Refinancing Work?

Two questions we often hear are “How does refinancing work?” and, ”After I complete my application, what happens next?”

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Why First Direct Lending Stands Out from the Rest

Our Refinance Process

Before We Begin

Before the process even starts, and at no cost or obligation to you, our team reviews your financial situation and the proposed loan. We let you know whether we have a loan option that makes sense and works for you . . . before you ever send us a single document AND . . . If we can’t help you with a loan now, we’ll show you how to meet your refinancing and financial goals so we can help you in the future.

From Application to Closing . . . Hassle-Free

How do we know you’ll have a “hassle-free experience?” We assign a dedicated processor and an experienced Mortgage professional, to help guide you through the entire process from application to closing. Want hassle-free proof? See what our Customers say about First Direct Lending.

We do the legwork before you commit or submit any paperwork!
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Hassle-Free Home Loan Process

It’s as easy as 1-2-3.

Step One: Appraisal

After completing your initial application, we’ll order your appraisal for you.

Step Two: Title Report and Application Processing

Second, we coordinate your title report and prepare your application for final approval.

Q: How long does it take?

A: Our streamlined approach means our refi loans fund in 30 days or less!

Step Three: Validation

Third, we validate your documentation. From time to time we’ll need your help in getting account clarification or additional documentation to help speed up validation!

After Approval

Once your loan is approved, we’ll contact you to arrange a convenient time and place for closing.

Can I Refinance with Bad Credit or Other Credit Issues?

The short answer is “Yes!”

In most cases—even if you’ve had some issues or have been turned down by another lender—we can help you qualify for a loan now.

A lot of people went through difficult times over the last few years, and getting approved for credit proved to be difficult, expensive, or at times impossible.

At First Direct Lending we take pride in our ability to simplify the complex mortgage process and marking it easy to make informed choices and streamline procedures to make refinancing a simple hassle free experience.

In most cases—even if you’ve had some issues or have been turned down by another lender—we can help you qualify for a loan now.

Q: How long does it take?

A: Our streamlined approach means our refinance loans fund in an average of 30 days or less!

1. Appraisal

2. Title &
Processing

3. Validation & Approval

First Direct Lending Refinance Performance

 Key milestones below illustrate the average time periods our borrowers experience with First Direct Lending.

2 HRS
Refinance with bad credit_How does refinancing work?

Preliminary Loan Review
2 hours - same day

2 days
Refinance with bad credit_How does refinancing work?

Appraisal Order
2 days

10 days
Refinance with bad credit_How does refinancing work?

Final Appraisal Report to You
10 days

14 days
Refinance with bad credit_How does refinancing work?

UNDERWRITTING
14 days

Call Us Today: 1-855-510-EASY