Do you know what steps you need to take to refinance your home?

While it’s not a difficult process, you will need to gather your financial documents to provide to your lender.

Apply:
To apply, you will need your two most recent pay stubs, W-2s and bank statements, and tax returns.

Lock in your rate:
This will give you 15-60 days to close and not risk your rate going up.

Underwriting:
During this step, your lender verifies your financial information, along with a recent appraisal of your home.

Appraisal:
An appraiser will need to visit your home to assess its value, so make sure it’s in top shape to get the best appraisal.

Closing:
This is when you will go over the details of your loan and sign your loan documents, pay any closing costs, or receive your funds after closing. You have a three-day grace period, during which you can rescind the terms of your loan.

Call us today with any questions! We’d love to put you in touch with a great loan officer.