RefiJet Mortgage Reviews

RefiJet Mortgage specializes in helping clients navigate the complexities of home loans. It offers various mortgage options, including fixed-rate loans, adjustable-rate mortgages (ARMs) and refinancing solutions to help clients achieve their homeownership goals.

RefiJet Mortgage is licensed in Colorado, Florida and Montana as of November 2024. It plans to expand its service area in the future.

It prides itself on offering a variety of mortgage products designed to meet the diverse needs of its borrowers.  RefiJet Mortgage operates with a stated mission to serve mortgage customers with honesty, integrity and competence.

RefiJet Mortgage’s application process aims to be efficient and straightforward. Here’s a step-by-step breakdown of the loan process:

1. Complete the online application: To get started, complete an online application.
2. Gather and submit required documentation: Collect any necessary documentation and upload it via the mobile app.
3. Connect with a loan officer: After submitting your application and documentation, you can work with a loan officer who will help you review options and answer questions.
4. Select loan type: Choose the mortgage product that best suits your needs and financial situation, including fixed-rate and adjustable-rate options.
5. Lock in your rate (if a fixed-rate mortgage is selected): Once you’ve made your selection, you can lock in your interest rate.
6. Finalize loan details: After your loan is approved, you’re ready to sign the final loan documents. You’ll need to review any fees, closing costs and down payment amounts. Be ready to pay these at the time of closing.

RefiJet Mortgage application features

RefiJet Mortgage states that it offers competitive rates on a variety of loan types, although specific rates are not publicly listed. Its offerings include fixed-rate loans and adjustable-rate mortgages (ARMs).

Fixed-rate mortgages feature a consistent interest rate throughout the life of the loan, making budgeting easier for homeowners. On the other hand, ARMs usually start with a lower initial rate that may fluctuate over time based on market conditions.

RefiJet Mortgage offers various loan types for homebuying and home loan refinancing.

The requirements for obtaining a loan from RefiJet Mortgage may vary depending on the loan type. While specific minimum credit scores and down payment requirements are not detailed in the available information, here are common factors that lenders typically consider:

• Credit score: Generally, a higher credit score can lead to better loan terms. A low credit score might disqualify you from certain loan types.
• Down payment: The required down payment can differ by loan type and borrower profile.
• Income verification: Proof of income and employment may be necessary for all loan types.
• Loan type specifics: Each loan program may have unique requirements.

The specific costs and fees associated with various loan types from RefiJet Mortgage are not detailed on its website. Typically, home loan costs can include:

• Origination fee: A fee charged by the lender for processing the loan.
• Closing costs: These can encompass various expenses, such as title insurance, appraisal fees and recording fees.
• Prepayment penalty: Some loans may have penalties for paying off the loan early.
• Insurance premiums: This could include mortgage insurance for certain loan types, like private mortgage insurance for conventional loans.