The Complete Guide to Mortgage Refinancing
Save money by refinancing your current mortgage.When Should You Refinance?
When rates drop 0.5-0.75% below your current rate, when switching from ARM to fixed, when you have enough equity to drop PMI, or for a cash-out refinance.
The Refinance Process
1) Check rates and calculate savings. 2) Shop multiple lenders. 3) Apply with documentation. 4) Get an appraisal. 5) Close on your new loan.
Related Video
Refinance 101
Frequently Asked Questions
How much does refinancing cost?
Typically 2-5% of the loan amount ($6,000-$15,000 on a $300,000 refinance).
Ready to Get Started?
Get pre-approved and see your options today.