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.
