Need to Refinance your Mortgage?

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.

Conventional Refinance


If current interest rates are lower than when you initially got your mortgage, refinancing can allow you to secure a new loan at a lower interest rate. This can potentially reduce your monthly payments and overall interest costs.


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

Complete our application, pay to pull for your credit report and submit the required documentation for income verification, employment history, assets, and debts.

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

Streamline Refinance

Streamline Refinance program is designed to allow borrowers with existing Government loans to refinance their current mortgage into a new loan with less documentation and requirements compared to a standard refinance.

This program aims to help borrowers obtain a lower interest rate or reduce their monthly payments.

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

Complete our application, pay for your credit report and submit the required documentation- which is limited!

Current Mortgage Statement, Current Home Owners Insurance and your Closing Disclosure from the current mortgage


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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