Interested in refinancing
Refinancing a house involves replacing your current mortgage with a new one, typically to get a lower interest rate, change loan terms, or tap into home equity
We have your refinancing needs covered
Here are the main steps
Set Your Goal
Lower your interest rate
Reduce monthly payments
Change from adjustable to fixed rate (or vice versa)
Shorten or extend loan term
Cash out home equity
Check Your Financial Health
Review your credit score (higher scores get better rates)
Calculate your debt-to-income (DTI) ratio
Estimate your home’s current value (an appraisal will later confirm this)
Compare Lenders and Rates
Shop around for interest rates and terms
Ask about closing costs, points, and fees
Get Loan Estimates from multiple lenders
Apply for Refinance
Submit an application with your chosen lender
Provide documentation (income, tax returns, bank statements, etc.)
Lock in Your Interest Rates
Lock your rate if you expect rates to rise or want certainty
Home Appraisal
The lender usually orders an appraisal to determine your home’s market value
Underwriting and Approval
The lender reviews all documents, verifies your info, and assesses risk
They may request additional documentation
Closing
Sign the final documents
Pay closing costs (can be rolled into the loan)
The new loan pays off your old mortgage
After Closing
Start making payments on the new mortgage
Cancel any automatic payments from the previous loan