Have you been wondering whether you need to refinance your mortgage? Are you curious about just what mortgage refinance entails? We at GVC Mortgage in Indiana want to help our customers make solid home-financing decisions. As you pursue refinancing a mortgage, consider these few pieces of advice.
1. Gather all your financial records.
When you refinance your mortgage, you’re essentially paying off one loan and opening another (hopefully at a better rate or shorter term). Just like when you got your first home loan, you will need to have your financial records as well as employment records readily available for your loan application.
2. Schedule a loan consultation.
Don’t choose to refinance without first consulting with a home loan professional. We will be able to help walk you through your mortgage options, give you the most recent information on interest rates, and help you meet your home-loan goals.
3. Don’t make other large transactions.
In the months leading up to your refinance, try to avoid making other major financial transactions. As some experts put it, “Keep your hands off your finances” to avoid having to provide a paper trail or explanations.
For more refinancing advice, schedule an appointment today with a home loan professional at GVC Mortgage by calling (317) 564-4906. Our team can help you explore all your options and meet your mortgage goals. GVC Mortgage serves homeowners in Indianapolis, Carmel, Fishers, Westfield, and the surrounding areas.