What You Might Want to Know
About Refinancing
The process of refinancing can seem complicated, but it doesn't have to be if you're informed and prepared. Whatever your goal and financial situation, the Refinance Guide provides you with insights that may help you decide if you should refinance your mortgage. Apply Now
1. UNDERSTAND THE BENEFITS
What may you gain if you refinance?
People refinance for many reasons. You might want more manageable monthly payments or to pay off your loan quicker. Perhaps the market has changed and you can take advantage of better rates, or you want to consolidate debt or get cash out for expenses. See if refinancing can help you meet your goals!
2. MAKE SURE YOU'RE READY
A little preparation goes a long way
It helps to know what's involved before you get too far into the process, especially if it's your first time. Here is some information you may need to get good terms with less hassle. Keep reading to get step-by-step help on information you'll need to gather and steps you may need to take.
3. THE APPLICATION PROCESS
Understand what to expect every step
of the way
Once you understand all the benefits, opportunities and considerations, it's time to start the process. Here are some tips and tools that should help you be prepared and confident as you decide on a loan, get your appraisal, sign the paperwork—and everything in between.