Refinancing is a great way to drop your interest rate and monthly payments or to drop the term of your loan and pay your loan off years faster

How do I refinance my loan?

Refinancing your conventional home loan may require the following information / process:

  • Home appraisal
  • Asset verification
  • Income verification
  • Credit check

The more information that you have available about your credit and gross monthly income when you talk to your loan advisor, the more accurate estimates they can give to you. Your credit score is very important in refinancing and will directly affect what loan and interest rate you can be approved for. If you have questions about your credit, please refer to our credit reports section.

How do I refinance my VA loan?

Refinancing your VA loan can be a very simple process. With over eight years experience completing VA refinances, CFG Home Loans is able to close your simple VA streamline loan in 2 – 3 weeks. A VA refinance loan is also called a “streamline” loan. This means that the process is much simplier than when you originally purchased your home. The only items that are required to provide you with a quote are the following:

  • Current loan amount
  • Monthly payment
  • On-time mortgage payments in the past 12 months (or only 1 late payment on your credit).

No Income, no asset, and no credit check are needed.

7 Factors That Affect Your Rate

  • Credit scores
  • Home location
  • Home price and Loan amount
  • Down payment
  • Loan term
  • Interest rate type
  • Loan type