Ready To Refinance
What is Refinancing?
Refinancing is a process homeowners go through to change the interest rate and/or terms of their current mortgage. In essence, refinancing is changing aspects of your mortgage.
Typically this means you want to lower your interest rate, lower your monthly payment obligations, shorten or lengthen your mortgage terms.
So the question becomes should I refinance?
Steps to Refinance
Looking to refinance your home?
Follow these simple steps to ensure a smooth process:
1. Evaluate your current mortgage terms and compare them to current rates
2. Gather necessary financial documents
3. Research and choose a reputable lender (me)
4. Submit your application and documentation
5. Stay in communication with your lender throughout the process.
Documents Needed:
- 1 Months Paystubs
- 2 years W2
- 2 years Tax Returns
- 2 months Bank Statements
- Homeowner Insurance Policy
- Please include agent name & Number
- Mortgage Statement
- Property Tax Bills
- HOA Office Number & Mailing Address
You've submitted your application to Refinance.. Now What?
The next step in the refinance process is going through a home appraisal and underwriting. We may order a new home appraisal to verify your current home value. We then will review your documents and offer conditional and/or final approval for your new loan.
Elizabeth Johnston Mortgage Broker
10350 Commerce Center Drive, Rancho Cucamonga, California 91730, United States
Copyright © 2023 Mortgages By Eliz - Powered By Four Clover Homes Inc. - All Rights Reserved.
Four Clover Homes Inc NMLS# 1585758
Elizabeth Johnston is your one stop shop for getting a Home Mortgage or Refinancing your existing Mortgage anywhere in Texas & California. Elizabeth Johnston is an Independent Sales Representative for Four Clover Homes Inc. Each company is a separate legal entity operated and managed through its own management and governance structure as required by its state of incorporation, and applicable legal and regulatory requirements.
