• How to Apply for a Refinance Loan

    • Review your current financial situation

      Just like when you got your initial mortgage, your lender will be looking at your complete financial picture to approve your refi.

      • Check your credit score and correct any errors.
      • Look at your current income and debt.
      • Make sure you feel comfortable with potential closing costs. You can use our Mortgage Calculator to get a closing cost estimate.
    • Compare loans and find the best one for you

      Whether you decide to go with a fixed rate or adjustable rate loan depends on a number of factors. Things to consider include:

      • How long you will be in the home
      • The current and historic housing market in your area
      • The current type of loan you have
      • Your goals in refinancing (lowering your monthly payment, paying your loan off sooner, etc.)
    • Gather your paperwork and that of any co-signers

      • List of employers
      • Pay stubs
      • W-2 statements and tax returns
      • Bank account information
      • Most recent mortgage statement
      • List of all property owned
      • See our Refinance Documentation Checklist for more detail
    • Apply online, in-person or over the phone