So you’ve got a home, and you’re thinking of refinancing. Here’s what to do:
There are several options when it comes to refinancing your mortgage. What’s best for you depends on your goals. Your loan advisor will take a few minutes to understand your situation and recommend some options that may work for you. Common refinancing options:
Even if you are planning to refinance, it is always best to prequalify. This will help to quickly narrow down the loan option that is best for you. With this information, you’ll know which refinance option will help you reach your goal.
Now that you’ve decided on the best refinancing option, your loan advisor will help you through the remaining steps of the loan process. You’ll be asked for some additional information and documentation that the lender will use to fully approve your application. Your loan advisor will also coordinate appraisals and other steps involved in the underwriting process.
Your loan advisor will help you navigate the entire refinance process—you will never be left without someone to assist you. As the closing date approaches, your loan advisor will work with everyone involved to schedule the closing appointment. Prior to the closing date, your loan advisor will contact you to review all of the loan details.