A mortgage refinance is the process of obtaining a new mortgage to replace an existing one. Homeowners typically refinance their mortgages for several reasons, including Lowering Interest Rates, Change of Loan Terms, Switching Loan Types, Cash-Out Equity for things like debt-consolidation, etc.
Documentation for a mortgage refinance is similar to when you purchased your home. See the handy checklist below so you can be prepared ahead of time.
