No two customers or loans are the same. Consult with a qualified mortgage professional to discuss the refinance advantages for your specific situation. Want to do some research first? Check out the Guild Mortgage refinance calculator to see how much it could change your monthly payment.
You’ll need to gather some of the same documents that you provided during your first mortgage loan, for example, proof of income and documentation of all debts. Upon submitting your application, your lender will review your credit history. An appraisal will also be ordered by your lender to verify the value and equity of the property. Don’t be surprised if your new mortgage carries most of the same fees as your initial purchase mortgage, like the appraisal fee and other loan closing costs.
At Guild Mortgage, we’re committed to offering our customers personalized digital mortgage options. Guild’s eClose option enables customers to sign most loan documents digitally, limiting personal contact and keeping people safe. Are you ready to refinance your mortgage?