Refinancing is done to take advantage of lower interest rates, to reduce monthly payments, remove a person off of a loan, consolidate debt, get cash-out of equity and many other reasons.
Generally, if refinancing will save you money, help you build equity, improve your property's value or allow you to pay off your mortgage faster, it’s a good decision.
Why Choose to Refinance a Mortgage?
- Take advantage of lower interest rates.
- Lower your mortgage payment.
- Shorten your loan terms to pay it off quicker.
- Remove a person off of the loan.
- Consolidate debt into a single low-interest loan.
- Reduce your mortgage payment as low as possible.
- Change loan program to remove mortgage insurance.
- Remodel or improve your home.
- You've improved your credit scores for a better rate.
- You need cash-out of your home's equity..
Steps to a Mortgage Refinance
Step 1: Fill out my mortgage refinance questionnaire
This refinance questionnaire will give me the basics about your refinance needs. This step is not an official loan application but simply gives my team and I a better understanding of your refinance needs.
Step 2: Send your most recent mortgage statement
Your most recent mortgage statement will allow Scott Buehler to give you a more accurate new mortgage payment estimate. Your mortgage statement also provides other important information such as escrow payment, escrow balance and principal balance which are all used to provide you with complete transparency about what to expect.
Step 3: Talk to Scott Buehler about your mortgage refinance goals
With your questionnaire and mortgage statement sent, we will have a short conversation about your goals, what you'd like to achieve and begin a plan of action. This is an excellent time to request multiple loan scenarios, such as comparing payments and interest rates on a 15-year, 20-year, 25-year or 30-year. Feel free to request as little or as much information to help you make an informed, educated decision.
Step 4: Submit the official loan application
Once you submit your loan application and provide all of the required documentation, it usually takes 2-4 weeks to complete the process with 3 weeks being the average. After submission, we can discuss locking your interest rate in, go over the required documentation and begin the process of underwriting submission for approval.
6 Reasons to Refinance Guide
Looking for the top reasons to refinance your mortgage in an easy-to-print format?
Tap "Refinance Guide" below for a PDF that includes my contact information at the bottom. Feel free to share it with friends, family, neighbors and co-workers!
No email or opt-in is required to view this guide.
Learn More About Refinancing a Home Loan
I have created the ultimate guide to home refinancing. This guide is an in-depth training on various refinance solutions, reasons to refinance, provides access to loan scenarios to visually show the differences an interest rate can make, explains documents needed, reasons you should, or should not consider a refinance and so much more!
Questions or ready to begin? Text me (435) 590-1019 or submit a refinance question.
Disclaimer: Loan terms and limits subject to change. This page is meant for educational purposes and is not a commitment to lend. To qualify for a home loan, please speak to Scott Buehler or apply online.