Refinance process timeline

How long does it take to refinance a house?

End-to-end, the entire refinancing process can take anywhere from a couple of days to just over a month, depending on the complexity of your loan.   In most cases, you’ll have your new loan within two months of beginning the process. Valuing your property when refinancing  

What is the first step in the refinance process?

The first step in the refinance process is to set a clear goal. Figure out what benefits you want from a mortgage refinance and what type of loan will help you get there.

How does a refinance work?

You’ll apply for a new mortgage, and if approved, you’ll pay off your existing mortgage with the new loan. Your refinance should benefit you in some way — perhaps you’ll pay less interest, lower your mortgage payment, or own your home sooner. Here are the six steps in the refinance process.