There are great reasons to refinance your home, such as consolidating debt, reducing payments or accessing equity for other investment purposes. It's often worth breaking your existing mortgage and paying the penalty to get the mortgage terms you really want.
Steps for Refinancing Your Home.
Get Pre-Qualified. Start collecting necessary income and mortgage docs.
Mortgage Approval. Complete all paperwork.
Meet with a lawyer/notary of your choice prior to funding date.
Keep in touch with your mortgage broker. Life changes, people move, or you might want to refinance down the road.