This document provides an overview of the refinancing process. It recommends comparing rates from multiple lenders, locking in a good interest rate once found, and having important financial documents like tax returns and pay stubs ready. The refinancing steps covered are getting paperwork in order, processing the application, final underwriting approval, and closing where new loan terms are signed. Understanding the refinancing process can help ensure it goes smoothly.

1. November 2019
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Okay… So you’ve been through this before and now you’re
doing it again! Although there are steps in the Re몭nancing
process that mirror the original mortgage process, it can be a
smoother (and less hair-pulling & screaming) matter. Here
are some ways you can ensure that you’ve checked off all the
boxes in the Re몭nancing checklist; so you may close in a
stress-less and timely manner.
Click Here – to download our Re몭nance Guide.
Here are some of the steps and topics covered in the
Re몭nance Guide are:
You’re the customer- right? So to get the best get out there
and compare! Meet with different Mortgage Lenders,
compare the different Mortgage Loans (weigh out their pros
& cons), examines fees & costs lurking in the 몭ne print
(mortgage rates, APR, closing costs, etc.), and the term of
the Mortgage.
Remember, Mortgage Interest Rates change DAILY
(depending on how the market is doing). With that being
said, once you’ve shopped around and located that perfect
Mortgage Interest Rate, lock it in! And don’t worry, just
because you’re “Locked-in” doesn’t mean that you literally
The ReFi Sixfold Process
Compare, compare!
Lock-in that rate!
Get Started

2. are; If down the road you wish for a change in your Mortgage
Terms, certain adjustments may be possible.
In order to take out any loan, you’ll need to have those
몭nancial documents ready to go! You’ll need at least 2 years
of the following:
Once all the documents are obtained from you, the
processing team will get crackin’. Within a few business days,
you should receive a follow-up to make sure everyone is on
the same page and that nothing is MIA.
This is the double-checking process where the underwriting
team goes in with a 몭ne-tooth comb to approve the
paperwork and the terms of the loan.
After the Mortgage process is agreed upon, you’ll attend a
closing where you’ll review the closing documents and sign-
off on the terms. Then, viola`! You’re a homeowner! (Well,
technically you already are one, but on better conditions!)
That’s it in a nutshell! To learn more about the ReFi process,
visit us here.
Financial Tips
Re몭nancing
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Have your paperwork ready!
Tax returns (personal & business)
W-2’s and/or 1099s
Paystubs
Processing
The Final Approval
Get the Funds and the Closing!
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