You can take several different paths to refinance your mortgage. First, you need to determine your goal: Do you want to lower your interest payments, shorten the loan term, drop mortgage insurance or free up cash?
Next, you should shop for the best mortgage refinance rate for your goals. A loan officer can help you determine the best options for refinancing your mortgage. Next, you’ll need to select your lender. Once you lock in your interest rate, it’s
time to close on the loan, which is a similar process to closing on your original mortgage.
Whatever your financial needs, an experienced mortgage loan officer can guide you through the process of how to refinance a mortgage.