Refinancing is a tricky process. It seems simple on the surface, but many people are surprised that it takes almost as much time as getting your initial mortgage. The reason it takes so long is because what you are doing in a refinance is replacing your current mortgage with a new mortgage. So, you have to get qualified all over again, the home has to be appraised again, and the bank has to approve you all over again.
I’ve developed some tools to make it easier. If you are considering a refinance, I’d recommend you start with organizing your materials. It will save you so much time later on!
I’d also recommend watching my Refinancing Myths: Breakeven video which explains that the calculations banks use to show you that a refinancing makes sense is often flawed. It might make you ask questions, in which case, feel free to reach out to me at email@example.com.
What else would you like to see here? Let me know.