What do I need to refinance my mortgage?

What do I need to refinance my mortgage?

To refinance your mortgage, you'll typically need a good credit score, proof of income, and details about your current mortgage.

Is there a minimum credit score required?

Yes, most lenders prefer a credit score of at least 620, but some may accept lower scores with higher interest rates.

What documents do I need to provide?

You'll need to provide your W-2s, pay stubs, bank statements, and information about your current mortgage.

How long does the refinancing process take?

The refinancing process usually takes 30 to 45 days, depending on the lender and your specific situation.

Are there any fees associated with refinancing?

Yes, there can be closing costs, appraisal fees, and other charges, so it's important to review these with your lender.