Refinance a Loan

The Refinancing Process

Every Step We Take is Straightforward

Refinancing is a significant financial decision, but that doesn’t mean it has to be stressful. We’ll lay out the pros and cons and walk you through our simple, hands-on process.

1. Decide

Talk to your mortgage advisor to determine whether refinancing makes sense for you. Consider whether the payoff justifies the costs, long-term financial impacts, and payback period.

2. Apply

Gather documents and submit your application. Then we’ll order an appraisal and analyze your credit, income, and assets.

3. Await Underwriting

You may be asked for more information while your file is being underwritten. Continue to communicate with your Commerce Home Mortgage advisor for updates.

4. Close

It’s official! Soon after signing the loan documents, you’ll receive your funds.

Easy Online Access

Upload information, e-sign documents, and track your loan status conveniently and securely through our digital loan center.