Ready To Refinance?

The loan refinance process is very straightforward. We will get you there.

Refinancing your mortgage means paying off your existing mortgage with a new loan. The refinance process is similar to when you first got financing for your home, and many of the costs will be the same.

Consult and apply for a refinance loan

Our American Pacific Mortgage advisors will help you determine what you want to accomplish with your refinance, and let you compare loan programs side by side. Once you have selected the program that best suits your needs, you will apply for a new mortgage loan.

Documents to provide for a refinance loan

When you apply for a refinance, you will provide personal information to the lender verifying your personal assets and debt. To expedite the process, you will want to start gathering the following items for all borrowers on the loan:

  • Income Statements: W2’s from the last two years, or signed copies of the last two year’s tax returns if self-employed. Self-employed borrowers should also bring profit/ loss statements or balance sheets for the current year
  • Asset Information: Most recent bank statements, most recent 401ks, IRAs, mutual funds and securities account statements
  • Current Mortgage Information: Contact information for the original lender, a copy of your current payment coupon, and the outstanding mortgage balance on the existing loan
  • Homeowner’s Insurance: The name of your Homeowner’s insurance company and their contact information


Many of the costs to refinance your mortgage will be the same as when you first obtained financing. Many loan programs will offer low-cost or no-cost refinancing, and some of the fees or closing costs may be waived. Our advisors will outline the specific fees associated with your refinance by providing you with a Loan Estimate, which may include:

    • Application Fee - The fee the lender charges to process the loan application.
    • Appraisal Fee - The fee charged to determine the value of your home by an appraisal service.
    • Credit Report - The fee charged by the lender to obtain your most recent credit report.
    • Title Search and Title Insurance - Often times, having your current title company reissue a new policy can save you money on your title search and insurance.
    • Survey - The lender may order a property survey. However, in some cases if no improvements have been made on the property, your lender may use your recent existing survey.
    • Loan Origination Fee - Typically expressed as the “points”, a loan origination fee is paid by the borrower to the lender to underwrite the loan.
    • Discount Points - A discount point may be paid by the borrower to the lender to secure a lower interest rate. One point is equal to one percent of the loan amount.
    • Miscellaneous Fees - Fees paid for document preparation, notary fees, tax service fees, private mortgage insurance, and any VA or FHA loan fees.
    • Prepayment Penalty - If your existing mortgage includes a prepayment penalty clause, paying the loan off early will require a percentage of the loan amount to be paid as a penalty.

Still have questions about the refinance loan process, documents required to refinance, or cost to refinance? Find an advisor near you who will gladly sit down with you and compare mortgage rates and programs, map out the refinance loan process, and tell you what to expect from beginning to end.

Our goal is to guide our customers confidently and clearly through the refinance process, making sure you accomplish your goals on time and on budget.

Ready to get started? Apply online today.