Hippo Financial, NMLS#182007, is a privately held, full service/licensed residential lender/broker, providing a host of diverse mortgage solutions for customers looking to purchase or refinance a home.
We are the local financing experts, with offices in Metro Detroit and Dallas, TX.
We know your market because it’s our market. We guarantee our expert mortgage advisors will invest the time to understand your goals and prescribe the right solution to achieve them.
Thank you again, for your time and I encourage you to call one of our Mortgage advisors today to learn what type of mortgage loans you take advantage of to improve your financial outlook.
Starting a loan with Hippo Financial is as easy as 1, 2, 3:
- Pick up the phone and call (877) 630-7730
- Apply online at www.hippofinancial.com and we’ll get right back with you.
- Stop by one of our local offices to meet in person.
. Refinancing your home:
A refinance is paying off an existing mortgage by replacing it with a new loan. When doing this,clients may be a lower interest rate,reduce their loan term/payments,and save money on the interest charge to the bank. You may want to get cash at the closing by borrowing against the equity in your home.
We will help you make the right decision given your personal goals.
For more information call us toll-free at (877) 630-7730.
Regular Refinance:
You may be able to lower your interest rate,reduce your payment,reduce the term of your loan,and possibly include your closing costs in the new loan.
In these trying economic times,rates are at historic lows and If you are a homeowner paying more than 5.25% on your home loan you should call us.
We offer:
- Government VA refinances up to 100% (Loan to Value “LTV”) IRRL
- Conventional Refinances up to 125% (LTV)
- Jumbo Loans up to 90% (LTV)
- Government FHA refinances up to 96.5% LTV
Cash Out Refinance:
Cash out,or home equity refinances allow borrowers to tap into their homes equity to help meet any number so of financial goals,all for a low first mortgage rate.
- New appraisal is required
- Discount points vary depending on the credit score,loan-to-value occupancy status and multiple units.
- Conventional and FHA cash out available.
Streamline Refinance:
A streamline refinance is the most convenient way to lower your mortgage payments. Most streamline refinances reduce the rate and payment keeping your term the same.
We offer 3 options:
- Conventional Streamline refinance
- FHA Streamline without appraisal or with appraisal
- VA streamline refinance
Mortgage Approval and Closing:
You’re almost there! Here’s what to expect for your mortgage approval and closing:
The Approval Process – After your loan application is completed,a Hippo Financial loan processor and underwriter will review to ensure all necessary documents and information are included. They will then make a determination on whether or not you’re approved for the loan.
The Loan Commitment – Once approved,we will call you and/or your real estate agent to provide details of the loan commitment,including the interest rate,the monthly payment and the closing date. You may also receive the information in writing in a Commitment Letter.
The Loan Closing – This legal transaction is where the title to a property is formally transferred from the seller to the buyer. After your loan is approved,we will provide you a meeting time and the exact amount of the cashier’s or certified check you’ll need to bring.
Closing Costs – In addition,there will be other costs during the approval process and at the closing. When you apply for your mortgage loan,we will give you a “Good Faith Estimate” that itemizes the estimated closing costs so you’ll have an idea of what your total closing costs will be.