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:

Evaluate Your Current Situation

Review your current mortgage terms, interest rate, and financial goals to determine if refinancing makes sense.

Talk Through Your Options

Talk with us about your goals and documents to see which options may fit. Pre-approval is not a commitment to lend.

Choose Your Loan Program

Select from various refinance options including rate-and-term, cash-out, or streamline refinancing.

Submit Your Application

Complete the full application with required documentation and financial information.

Underwriting & Approval

Our team reviews your application and property to finalize your loan approval.

Closing

Sign your loan documents and complete the refinance. Timing depends on the lender, the appraisal and how quickly your documents come in.

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

Ready to Refinance?

Calculate Your Savings Get Started Today

Loan information is provided by Ondo Real Estate (NMLS ID on file). This is not a commitment to lend, a loan approval, or an offer of credit. Rates, terms, and payments shown are estimates for illustration only, are not a quote, and are subject to credit approval, underwriting, and market conditions. You are not required to use Ondo for financing to buy or sell with Ondo. Equal Housing Lender. Program rules, fees, and county loan limits change. Confirm the current published schedule and lender overlays. Nothing here is a quote, a lock, or a credit decision. Licensing and disclosures