Commercial Financing

Yes! At Lagoni Mortgage, we provide refinancing solutions tailored to your needs. Whether you want to reduce your monthly payments, adjust your loan term, or secure a more favorable interest rate, we’re here to help you achieve your financial goals.

The mortgage approval timeline varies based on loan type and documentation, but the process typically takes between 30 to 45 days from application submission to final approval.

To complete your mortgage application, you’ll generally need the following:

• A valid form of identification (driver’s license, passport, etc.)
• Proof of income (pay stubs, W-2s, tax returns)
• Recent bank statements
• Verification of employment
• Documentation of assets (investment accounts, retirement funds, etc.)
• Additional documents may be required depending on your financial situation

Our loan officers will guide you through the documentation process to ensure a smooth application.

Private Mortgage Insurance (PMI) is a type of insurance that protects the lender in case you default on your loan. It is typically required if your down payment is less than 20% of the home’s purchase price.

Whether you need PMI depends on the loan type and down payment amount. Some government-backed loans, like FHA loans, have their own mortgage insurance requirements, while conventional loans may allow you to remove PMI once you reach a certain level of equity in your home.

Our team at Lagoni Mortgage can help you understand if PMI applies to your loan and explore options to minimize or eliminate it.