Check your credit score and financial profile
Compare current mortgage rates
Decide your refinancing goal
Calculate your home equity
Gather income, asset, and debt documents
Shop multiple lenders
Get loan estimates from each lender
Compare interest rates, fees, and terms
Choose the best refinance option
Submit your refinance application
Lock your interest rate
Complete the home appraisal if required
Respond to lender requests quickly
Review the closing disclosure
Sign the refinance documents
Pay closing costs
Wait for the new loan to fund
Confirm your old mortgage is paid off