{"id":1177,"date":"2016-04-19T18:18:46","date_gmt":"2016-04-19T18:18:46","guid":{"rendered":"http:\/\/maximumlending.com\/new\/?page_id=1177"},"modified":"2022-02-13T02:02:15","modified_gmt":"2022-02-13T02:02:15","slug":"how-to-refinance-a-mortgage","status":"publish","type":"page","link":"https:\/\/maximumlending.com\/es\/how-to-refinance-a-mortgage\/","title":{"rendered":"How to Refinance a Mortgage"},"content":{"rendered":"
When you decide to refinance your home loan, our experts are here to help you through the loan process.<\/p>
Refinancing your home is, in many ways, a similar process to qualifying for a mortgage. Depending on which\u00a0refinancing loan option\u00a0you choose, the list of required documents may change, but generally, you\u2019ll need to submit:<\/p>
Underwriting<\/strong> Home appraisal\u00a0<\/strong> Closing Your New Mortgage<\/strong> Contact Maximum Lending today to see how easy refinancing your home mortgage can be.<\/p> \t
After you\u2019ve turned in all the necessary materials to refinance your mortgage, we will work with you to decide which loans will help you achieve your financial goals. Then, we\u2019ll review the required paperwork, coordinate a home appraisal and evaluate your credit in order to determine if you\u2019re eligible for the loan.<\/p>
An important part of refinancing a mortgage is getting a home appraisal. This is simply a written estimate of the value of your home, which lenders use to determine what type of loan you qualify for. While other companies may ask you to provide this information, at New American Funding, we work with a network of licensed home appraisers to deliver the most accurate estimation at no extra charge. This service expedites the home financing process and ensures you\u2019ll get the most precise home value. It also means you\u2019ll have one less thing to worry about when refinancing your mortgage.<\/p>
Once you\u2019re approved for your new mortgage, the closing process can begin. At that point, the new mortgage becomes your official mortgage of record and the refinance is complete. Your old loan will be paid in full, and you can begin payments toward your new loan.<\/p>