Refinance Guide

Thinking of Refinancing? Let’s walk through a “mini-breakdown” of the steps you can expect to take to ensure a smooth Refinancing experience. We’ve put together a guide to help you through the overall process. For a better mortgage refinancing experience, download our Quick Refinance Guide here.

What are you hoping to accomplish & how can you do it?

WHAT ARE YOUR GOALS? 

What financial goals are you hoping to meet with a ReFi?

KNOW YOUR OPTIONS 

There are different ways to Refinance your mortgage; Examine your options to see which one is right for you.

READ-UP ON YOUR CURRENT MORTGAGE 

Since you’ll be replacing your mortgage with a fresh one, it’s important to know your current situation before meeting with a lender.

How’s your track record?

HOW’S YOUR CREDIT? 

Do you know your current credit scores? These numbers can determine what mortgages you’re eligible for and how much you can expect to pay on interest.

CONSIDER YOUR EMPLOYMENT HISTORY 

Your current job, income and possibly your past positions can help mortgage lenders decide on what kind of loan is right for you.

Be on the hunt!

COMPARE, COMPARE, COMPARE! 

It’s important to shop around; Let banks compete for your business and get the best mortgage possible!

Moving forward…

APPRAISAL 

The lender, even if it’s the current one, may want to send an appraiser out to your property to ensure its value before lending-out a mortgage.

LOCK-IN THAT RATE! 

Once you’ve hit that low mortgage interest rate- lock it in!

HAVE YOUR DOCS IN A ROW 

Be sure to dig-up those financial documents so you’re ready to go!

UNDERWRITING 

Now you play the waiting game by letting the underwriting team do their part.

FINAL APPROVAL 

This when the underwriting team takes more look to ensure the I’s are dotted and the t’s are crossed.

And… You’re… Done!

THE CLOSING 

Hooray! You made it! The final step to signing-off and getting those funds.

To learn more, give us a call at (866) 223-4962