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Writer's pictureKristian Olsen

Guide to Refinancing

Looking for information on what to expect when refinancing with a mortgage broker? Here is some brief information about what the process may look like for you!


  1. Initial Consultation: Expect an initial consultation with our mortgage broker to discuss your financial goals, current loan situation, and reasons for refinancing.

  2. Document Preparation: Prepare necessary documents such as pay stubs, tax returns, bank statements, and information about your current mortgage your loan expert.

  3. Credit Check: Expect the broker to run a credit check to assess your creditworthiness and determine the interest rates you may qualify for.

  4. Loan Options Presentation: The broker will present you with various refinancing options tailored to your financial situation, including different loan terms, interest rates, and closing costs.

  5. Rate Lock: Once you've chosen a loan option, the broker may offer to lock in your interest rate to protect against potential rate increases before closing.

  6. Loan Application Submission: The broker will submit your loan application to the selected lender and coordinate the underwriting process on your behalf.

  7. Document Review and Signing: Expect to review and sign various loan documents, including the Loan Estimate, Closing Disclosure, and other required forms, as part of the closing process.

  8. Closing Arrangements: The broker will coordinate the closing arrangements with the lender, title company, and other parties involved in the transaction.

  9. Funding and Disbursement: Once all documents are signed and funds are disbursed, your existing mortgage will be paid off, and the new loan will be funded.

  10. Post-Closing Follow-Up: After closing, the broker may follow up with you to ensure that everything went smoothly and address any questions or concerns you may have.

  11. Servicing Transition: If your new loan is serviced by a different lender, expect a transition period during which you'll receive instructions on how to make payments and manage your loan account.


For any additional questions, please feel free to reach us.

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