Mortgage Refinance Process
A step-by-step guide to refinancing your home loan
How Refinancing Works
Refinancing your mortgage can help you lower your monthly payment, reduce your interest rate, or access your home's equity. Here's how the process works:
1
Evaluate Your Current Situation
Review your current mortgage terms, interest rate, and financial goals to determine if refinancing makes sense.
2
Get Pre-Approved
Complete our quick pre-approval process to see what rates and terms you qualify for.
3
Choose Your Loan Program
Select from various refinance options including rate-and-term, cash-out, or streamline refinancing.
4
Submit Your Application
Complete the full application with required documentation and financial information.
5
Underwriting & Approval
Our team reviews your application and property to finalize your loan approval.
6
Closing
Sign your loan documents and complete the refinance process, typically in 30-45 days.
Types of Refinancing
Rate-and-Term Refinance
Lower your interest rate or change your loan term without taking cash out.
- • Reduce monthly payments
- • Pay off loan faster
- • Switch from ARM to fixed rate
Cash-Out Refinance
Access your home's equity to get cash for major expenses or investments.
- • Home improvements
- • Debt consolidation
- • Major purchases