Refinancing a mortgage involves replacing an existing mortgage with a new one, usually to obtain better terms or rates. There are several reasons why someone might consider refinancing their mortgage!
Before deciding to refinance, it's crucial to consider the costs associated with refinancing, such as closing costs, application fees, and other expenses, to ensure that the potential benefits outweigh the expenses involved. Consulting with our team can help you make an informed decision based on your specific circumstances.
Refinancing your home is a big decision, and every loan comes with associated costs—no exceptions. Unfortunately, not all lenders or loan officers are upfront about these expenses. At The Complete Mortgage Team, we prioritize transparency and education. Our team takes the time to guide you through your options, helping you choose a refinance strategy that truly makes financial sense for your most valuable asset—your home.
The full document refinance process for a conventional loan typically involves several steps! It is similar to the loan process when you purchased the home originally.
HERE ARE THE STEPS
We will order an appraisal of your property to determine its current value. Underwriters will review your application, credit history, and property appraisal to assess risk and determine eligibility
Then we will prep the file for closing
The basic requirements for a Streamline Refinance, you must already have an existing government backed loan, such as an FHA, USDA/RD or VA Home Loan and be current on your mortgage payments.
HERE ARE THE STEPS
Once you submit your application and necessary documents, the lender will review your information and process your refinance request.
Office: 1106 Coolidge Blvd. Suite 108
Lafayette, LA 70503
Call 337-267-8511
team@completemortgagela.com
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