Determine Your Goals: Whether it’s to lower your monthly payments, shorten your loan term, or tap into your home’s equity, having clear goals can guide your home refinancing process.
Navigate Your Options: Research the different types of refinancing options available, such as rate-and-term refinance, cash-out refinance, or FHA or VA (IRRRL) streamline refinance.
Analyze Your Financial Situation: Review your credit score, debt-to-income ratio, and home equity. We can walk you through this.
Shop Around for Rates: Don’t settle for the first offer you receive. Shop around with different lenders to find the best rates and terms. Check our rates here for real-time rates.
Consider the Costs: Refinancing isn’t free. There are closing costs, appraisal fees, and title fees.
Lock in Your Rate: Once you’ve found a good rate, consider locking it in. This can protect you if rates rise while you’re finalizing your refinance.
Prepare for the Appraisal: If an appraisal is required, make sure your home is in good condition to get the best possible value.