Refinance Loan Process

The Loan Process - We make it easy!

At HB&O Funding Company, we understand how confusing the process can be, so let us walk you through: 

Step One: Contact Us.
Nothing happens until you take that first step.  You can submit your information securely online and one of our professional mortgage consultants will contact you, or you can give us a call at 716-662-2944 and personally speak with one of our mortgage consultants firsthand.  Either way, you can be assured we will service your request and get the right loan for you.

Step Two: Paint us a picture
We need to understand your unique situation and the goals you are trying to accomplish.  Then, we can customize the right program for you.  Depending on your preference, our financial consultants can gather this information in person or over the phone. 

Step Three: Gather Information
Now that we understand your goals and you, we need to gather the information to get you there. 

Required:
                        ____ 1. Copy of last 2 years W2’s
                        ____ 2. Copy of last 2 years tax returns with all schedules
                        ____ 3. Copy of last pay stubs covering a 30-day period
                        ____ 4. Homeowner’s insurance agent’s name & phone number
                        ____ 5. A copy of your current title policy
                        ____ 6. 3 months Bank Statements
                       
If Applicable:
                        ____ 1.  Bankruptcy papers
                        ____ 2.  Bankruptcy discharge papers
                        ____ 3.  Divorce Decree
                        ____ 4.  Separation papers
                        ____ 5.  12 months canceled checks for mortgage or rent
                        ____ 6.  A copy of your survey

Step Four: Present the best option
Once your information is received by our financial consultants, he/she will review our hundreds of programs and present the best program that fits your unique needs.  Depending on your preference, our financial consultants can gather this information in person or over the phone.

Step Five: Lock Interest Rate*
Everyday our financial consultants carefully monitor interest rates to provide you the best rate.  They will speak with you to review the rate and confirm your request to lock that interest rate until closing. 

Step Six: Appraisal
Once you have selected your new house, we will order an appraisal on that property within the scheduled timeline on the real estate contract.

Step Seven: Processing
The financial consultants thoroughly inspect and prepare all your information prior to submitting to the lending company to ensure there are no delays in processing and penalties.  Once the value is recorded and all your information is processed your loan will be approved! 

Step Eight: Title Company
The financial consultants will coordinate your closing date and process your loan application prior to closing.  At closing, they will present the final loan application and be on hand to help facilitate the meeting.

Step Nine: PEACE OF MIND
Through our experience and leveraging power, HB&O Funding Company can close your loan in as little as 12 days.

Constant: Communication
HB&O Funding Company endorses communication with our customers and respective parties.  Our goal is to make sure that everyone is on the same page to minimize surprises, promote a smooth process and establish confidence.  If at any point, you have a question or would like to request an update, feel free to contact your financial consultant and he/she will be more than happy to assist you.  It is our job and mission to serve you – our valued customer.