Welcome to the Renew Easy Mortgage

This interactive Form will take you and your Client through the loan process from start to finish

If you are working with a client then you can use the built in Script that will guide your client through the questions. When you see sentences in “quotes” you will know it is part of the script

Click Next to Get Started

Script Introduction

“I want to start off by thanking you for considering Renew Lending for your Mortgage needs. I will just need to ask you some simple questions before we can move forward. Any information you give me will be kept confidential”

“Let me start by getting your First and Last Name. Thank you “

“What is your best contact number in case we get disconnected”

“Do you have an email address that you would like listed?”

“Are you interested in Purchasing a Home, Refinancing or doing a Reverse Mortgage?”

“What type of property are you looking at purchasing. Is it a Single Family Home, Manufactured Home, Condominium, Townhouse or a Multi-Family Home? “

“What type of property are you looking at refinancing? Is it a Single Family Home, Manufactured Home, Condominium, Townhouse or a Multi-Family Home? “

“Is the this loan for a Primary Residence, a Second Home or is it a Investment Property that is used as a rental?”

“Why are you refinancing? Do you want to lower your payments, lower your interest rate, take cash out, Consolidate Debt, Renovate the house, Remove Private Mortgage Insurance or do you have multiple reasons for refinancing?”

“When do you plan on purchasing your Home? Immediately, 1-3 months, 3-6 months or are you not sure?”

“What city and state is the property located in?”

“Have you found your new home? Or are you still looking?”

“What is the estimated value of your home? If you are not sure then go ahead and let me know how much you paid for the house when you purchased it.”

“What is the estimated Purchase Price you are considering? If you are not sure or trying to find out how much you qualify for then I can put that down”

“Do you plan on having a co-borrower?”

“How much money are you planning on putting down as a down payment? No Down Payment, 3%-5%, 5%-10%, 10%-20%, or more than 20%?

“Is the house paid off with no Mortgage? Or are you currently making mortgage payments and do you have a 2nd mortgage?”

“Since your Home is Paid off anything you borrower under the new mortgage would be available as cash to you or used to consolidate debt. You can borrower up to 80% of the home appraised value. How much are you considering?

” less than 20%, 20%-50%, 50%-70% or do you need the max amount?

“What is the estimated pay off amount of your current mortgage?”

“What is the estimated pay off amount of your two mortgages combined?”

“Are you currently working with a Real Estate Agent”

“Is this your first time buying a home?”

“Are you currently employed and are you a Full Time Employee, Part Time, Self Employed, Retired or on Disability?”

“What is your annual income after taxes?”

“What is your annual income after taxes?”

“Are you currently employed and are you a Full Time Employee, Part Time, Self Employed, Retired or on Disability?”

“Have you or your spouse ever served in the Military?

“Do you plan on having a co-borrower?”

Info Alert**A VA loan might work if the borrower is a Veteran, Surviving Spouse, Active Duty, National Guard, Coast Guard, Reservist, Midshipman at the Naval Academy, Cadet at the United states Military Air Force or Coast Guard Academy, Officer of the National Oceanic & Atmospheric Administration, Or a Public Health Officer.

“Do you currently have a VA Mortgage?”

“Please estimate what you think your Credit Sore will be. Is it 720 or Higher, 680-719, 640-679, or below 639?”

“Please estimate what you think your Credit Sore will be. Is it 720 or Higher, 680-719, 640-679, or below 639?”

“Have you had a bankruptcy or foreclosure in the last 7 years?”

Are you currently or have you ever entered into a Forbearance on a installment loan

“Have you or your spouse served in the military?”

“Are you considering doing a VA loan?”

“Thank you for answering these Refinance questions. Let me check over my notes and see if I have any follow up questions.”

Click Next to see Follow up Questions

“Thank you for answering these Home Purchase questions. Let me check over my notes and see if I have any follow up questions.”

Click Next to see Follow up Questions

“Thank you for answering these Home Purchase questions. Let me check over my notes and see if I have any follow up questions.”

Click Next to see Follow up Questions

**This section will have any follow up questions. If you do not see any questions just click Next to finish up the form The next page will let you know the next step

Alert** No Down Payment selected** Loan Programs through the VA and USDA do not require down payments. Down payment assistant programs are available for qualified Borrowers. All other Loan programs will require a Down Payment**Alert

Alert** Borrower has 2nd Mortgage** A 2nd mortgage can be paid off using the equity in the house through a Cash Out Refinance. Alert**

Alert** Borrower has had a Foreclosure** Conventional Loans require a 7year wait period from the time of the foreclosure. FHA and USDA loans require a 3 year wait. VA requires a 2 year wait. Under extenuating circumstances Conventional will only require a 3year wait and FHA/VA/USDA 1year.

“Let me ask you a couple more questions about the Forbearance. Can you confirm that you are in a Forbearance at this time? Can you give me more details please?”.

“Is there anything else you would like me to add to the notes that your assigned Loan Officer will see?

***This Deal is ready to be warm transferred. Please “Call the LO’s” After you get the loan officer on the phone please select their name from the list below and then click submit.***