A little knowledge. A lot more confidence.

Starting early helps you understand your budget and identify documentation needs. A lender may issue a conditional preapproval after reviewing your information. Final approval still depends on underwriting, the property, and other conditions.

Prequalification generally uses information you provide to give an initial picture. Preapproval typically includes a more detailed review of credit and documentation. Requirements vary by lender, and neither is an unconditional commitment to lend.

A broker helps you compare eligible loans from multiple lenders and guides the process. Compare the interest rate, APR, fees, term, and total payment. Ask how the broker is compensated and which lenders are being considered.

Depending on your circumstances, a lender may request income records, pay statements, bank statements, tax returns, identification, and information about other properties. Send sensitive documents only through the verified secure application portal.

This website inquiry does not request your Social Security number or pull credit. A later application may require a credit review with the appropriate authorization. Ask what type of credit inquiry is required before proceeding.

Compare closing costs, payment changes, break-even time, remaining term, and total interest. A lower payment alone does not establish savings. Our refinance calculator is a starting point for a full loan comparison.