When you are looking for a home loan in the area of San Diego, you need to know the process, even if it has to do with refinancing. Here are some things you should know about the process:

• When financing or refinancing a home loan, you will need to show documentation that will verify your employment status, your credit situation and your financial situation. These documents will be used to help investors so that they will know if you have the ability to pay them back. Documentation can include tax returns, pay slips, banks statements, employment certificates, appraisals, purchase agreements, and any other information that will be asked of you.

• You will next need to undertake a complete loan analysis or an application that you need to fill out with someone or an organization that can help you. It's best that you have a financial advisor to help you out. The financial advisor will be the middleman between you, the borrower, and underwriter. The underwriter is just the person who will see through the documentation and info that you provide. That person will really dig to make sure that you have all the requirements needed.

• Home loans in San Diego will often take time, two to four weeks to be exact. It can also take longer than that. This all depends on the situation that can include the investors needing more information or documentation. This is particularly true with people who have poor credit. Just make sure you complete all requirements and you should have your application approved.

Source by Elija James