Refinancing is on the agenda for many homeowners these days. I recently refinanced our home, and unfortunately, I learned a lot. I say unfortunately because it would have been far less stressful if I’d already known these things. You see, although we refinanced, the mortgage was procured before I was in the picture, which means that this refinance process was the first mortgage-related thing I’d ever gone through. Although I should have expected that it’s quite a process, I was incredibly naive about just how much information the bank uses to determine if you’ll be able to refinance.
Our bank was great, but my lack of knowledge made everything highly stressful for me. So today, I’m going to give you some home refinancing tips to help make the process far less stressful and ensure that you get through it with little to none of the headaches that I had when I did it.