1. A quick conversation
We talk about your goal: a lower payment, a shorter term, cash out, or moving from an adjustable rate to a fixed one.
2. Application and documents
You'll share income, asset, and mortgage information. See our document checklist.
3. Appraisal
Most refinances need an appraisal to confirm your home's value. Some loans may not.
4. Review and approval
Our team reviews your application, credit, and appraisal, then issues an approval with any final items needed.
5. Closing
You'll sign your documents, often with a mobile notary at home. For most refinances on the home you live in, federal law gives you three business days to change your mind before the loan funds.
What it costs
Refinances have closing costs, similar to a purchase. Sometimes they can be rolled into the new loan. Your Loan Estimate lists every cost.
Frequently asked questions
How long does it take?
Often three to five weeks, depending on the appraisal and how quickly documents come in.
Will my payment change right away?
Your first payment on the new loan is usually due one to two months after closing.