When interest rates are low, you may benefit from refinancing to a fixed-rate mortgage. In order to do so, you will need a few things, including:
Proof of income to process your application. Documentation proving you have proper coverage like homeowner’s insurance. Transparency regarding any assets you pay possess, such as 401K, your bank statements, or other investments.
There are many reasons why one would want to refinance, aside from lower monthly payments and lower interest rates. For more information, visit our mortgage refinance page.