Refinance Guide

How to Refinance Your Home in 5 Simple Steps

Step 3: Apply for a Mortgage

Once you have found the lender that meets your needs, it’s time to apply for a mortgage. What most people don’t know is that you have to qualify for the loan.

This means that your credit score needs to be strong, your debt-to-income ratio needs to be in check, and your overall finances need to be in order or you won’t be able to qualify.