{"id":567,"date":"2012-10-23T19:41:53","date_gmt":"2012-10-23T19:41:53","guid":{"rendered":"http:\/\/riverbankfinance.com\/blog\/?p=567"},"modified":"2012-12-10T17:41:15","modified_gmt":"2012-12-10T17:41:15","slug":"tis-the-season-to-refinance-your-home","status":"publish","type":"post","link":"https:\/\/riverbankfinance.com\/blog\/tis-the-season-to-refinance-your-home\/","title":{"rendered":"Tis the Season to Refinance your Home"},"content":{"rendered":"<p><a href=\"https:\/\/riverbankfinance.com\/blog\/wp-content\/uploads\/2012\/10\/tis-the-season-to-refinance.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-568\" title=\"tis-the-season-to-refinance\" src=\"https:\/\/riverbankfinance.com\/blog\/wp-content\/uploads\/2012\/10\/tis-the-season-to-refinance-300x300.png\" alt=\"Refinance Season\" width=\"300\" height=\"300\" srcset=\"https:\/\/riverbankfinance.com\/blog\/wp-content\/uploads\/2012\/10\/tis-the-season-to-refinance-300x300.png 300w, https:\/\/riverbankfinance.com\/blog\/wp-content\/uploads\/2012\/10\/tis-the-season-to-refinance-150x150.png 150w, https:\/\/riverbankfinance.com\/blog\/wp-content\/uploads\/2012\/10\/tis-the-season-to-refinance.png 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>It\u2019s that time of year again with the holiday\u2019s right around the corner. Many homeowners take pride in being able to decorate their homes to celebrate the seasons. It\u2019s one of the best parts of homeownership. Often times making it well worth the headaches and financial burdens that also come along with homeownership. Our homes are a reflection of who we are and so it can be unfathomable when we are unable to keep up with the responsibilities of taking care of a home due to hardships beyond our control. The economy over the last several years has forced many homeowners to make tough decisions that have jeopardized what we once felt very secure in and cut back on things like holiday spending. Refinancing to a lower payment can help to ease the financial strain caused by this tough economy and make the season more enjoyable.<\/p>\n<p>Interest rates have dropped to possibly the lowest we will ever see in our lifetime, which is a huge benefit for homeowners needing to reduce their mortgage payments due to hardships from job losses or lower incomes. \u00a0A refinance to today&#8217;s current mortgage rates could shave hundreds off from a home owner&#8217;s mortgage payment. For a lot of homeowners the reduction of their mortgage payment could potentially be the difference of not facing the possibility of foreclosure.<\/p>\n<p>If you have not refinanced within the past year, now is the time to do so. The first step is finding a mortgage broker if you don\u2019t already have one. \u00a0The next step is getting preapproved. You will need to provide some documentation and if your spouse will be on the mortgage, you\u2019ll need their documentation as well. Having this available when talking to a loan officer will help them get you preapproved quicker and easier. Remember that the more accurate the information you provide to them, the more accurate your quote will be. Here is a list of the basic information you will need to get started:<\/p>\n<ul>\n<ul>\n<li>Monthly income (gross\u00a0income before taxes)<\/li>\n<li>Account balance (in case you need to bring money to the closing)<\/li>\n<li>Employment information<\/li>\n<li>Your current interest\u00a0rate and mortgage payment (easily found on your current mortgage statement)<\/li>\n<li>Annual taxes and homeowners insurance premiums (this may be included in your mortgage payment)<\/li>\n<\/ul>\n<\/ul>\n<p>Once you have established a preapproval by the loan officer, they will send you an application to be signed and sent back along with some other documentation. Those documents, depending on the loan program, could include:<\/p>\n<ul>\n<ul>\n<li>Most current paystubs<\/li>\n<li>Previous 2 years W2\u2019s\u00a0statements<\/li>\n<li>Copy of your homeowner\u00a0policy<\/li>\n<li>Copy of your mortgage\u00a0statement<\/li>\n<li>Most current 2 months bank statements<\/li>\n<li>Copy of tax returns (only\u00a0if self-employed)<\/li>\n<\/ul>\n<\/ul>\n<p>You\u2019ll want to send everything back as quickly as you can so the loan officer can get your file submitted to the underwriting. The process from submission to closing can take anywhere from two to six weeks depending on the lenders turn times and the borrowers timeliness on getting necessary documents back to them.\u00a0 If you get started now, you may be able to skip one or two mortgage payments for the holidays and free up extra cash so you can relax and focus on spending time with your family.<\/p>\n<p>Whether you are facing a hardship or just looking to free up some cash for the holiday season, taking advantage of the interest rates and programs available to homeowners during these tough economic times is a very good idea.\u00a0 Submit a request below for more information on how to lower your payments and interest rate.<\/p>\n\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f185-o1\" lang=\"en-US\" dir=\"ltr\" data-wpcf7-id=\"185\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/blog\/wp-json\/wp\/v2\/posts\/567#wpcf7-f185-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset class=\"hidden-fields-container\"><input type=\"hidden\" name=\"_wpcf7\" value=\"185\" \/><input type=\"hidden\" name=\"_wpcf7_version\" value=\"6.1.5\" \/><input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_US\" \/><input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f185-o1\" \/><input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/><input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/><input type=\"hidden\" name=\"_wpcf7_recaptcha_response\" value=\"\" \/>\n<\/fieldset>\n<div class=\"ApplyFullHeader\" id=\"apply_form\">\n\t<p class=\"replaceheader\">Request Information Now!\n\t<\/p>\n<\/div>\n<div class=\"blueBox\">\n\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-name\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Your Name (required)\" value=\"\" type=\"text\" name=\"your-name\" \/><\/span>\n\t<\/p>\n\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-email\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Your Email (required)\" value=\"\" type=\"email\" name=\"your-email\" \/><\/span>\n\t<\/p>\n\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-phone\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Phone:\" value=\"\" type=\"text\" name=\"your-phone\" \/><\/span>\n\t<\/p>\n\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-goal\"><select class=\"wpcf7-form-control wpcf7-select\" aria-invalid=\"false\" name=\"your-goal\"><option value=\"Purchase\">Purchase<\/option><option value=\"Refinance\">Refinance<\/option><option value=\"Cash Out\">Cash Out<\/option><option value=\"More Information\">More Information<\/option><\/select><\/span>\n\t<\/p>\n\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-message\"><textarea cols=\"40\" rows=\"10\" maxlength=\"2000\" class=\"wpcf7-form-control wpcf7-textarea\" aria-invalid=\"false\" placeholder=\"Your Message:\" name=\"your-message\"><\/textarea><\/span>\n\t<\/p>\n\t<p><span class=\"wpcf7-form-control-wrap\" data-name=\"referer-page\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text referer-page\" aria-invalid=\"false\" value=\"\" type=\"text\" name=\"referer-page\" \/><\/span><br \/>\n\t\n\t<\/p>\n\t<p><input class=\"wpcf7-form-control wpcf7-submit has-spinner submit\" type=\"submit\" value=\"Submit Now!\" \/>\n\t<\/p>\n<\/div>\n<div style=\"text-align: justify; color:#666666;font-size: small;\">\n\t<p>By clicking \"Submit Now!\", you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from Riverbank Finance LLC about your inquiry and other home-related matters, but not as a condition of any purchase; this applies regardless of whether you check, or leave un-checked, any box above. You also agree to our Privacy Policy and Terms of Use regarding the information relating to you. Msg\/data rates may apply. This consent applies even if you are on a corporate, state or national Do Not Call list. This no obligation inquiry does not constitute a mortgage application. To apply now or get immediate assistance, call us at 1-800-555-2098.\n\t<\/p>\n<\/div><p style=\"display: none !important;\" class=\"akismet-fields-container\" data-prefix=\"_wpcf7_ak_\"><label>&#916;<textarea name=\"_wpcf7_ak_hp_textarea\" cols=\"45\" rows=\"8\" maxlength=\"100\"><\/textarea><\/label><input type=\"hidden\" id=\"ak_js_1\" name=\"_wpcf7_ak_js\" value=\"187\"\/><script>document.getElementById( \"ak_js_1\" ).setAttribute( \"value\", ( new Date() ).getTime() );<\/script><\/p><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s that time of year again with the holiday\u2019s right around the corner. Many homeowners take pride in being able to decorate their homes to celebrate the seasons. It\u2019s one of the best parts of homeownership. Often times making it well worth the headaches and financial burdens that also come along with homeownership. Our homes<a class=\"excerpt-read-more\" href=\"https:\/\/riverbankfinance.com\/blog\/tis-the-season-to-refinance-your-home\/\" title=\"ReadTis the Season to Refinance your Home\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,308,305],"tags":[125,291,290],"class_list":["post-567","post","type-post","status-publish","format-standard","hentry","category-local-michigan","category-mortgage-tips","category-refinance-2","tag-mortgage-refinance","tag-save-for-the-holidays","tag-skip-a-payment"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/posts\/567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/comments?post=567"}],"version-history":[{"count":6,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/posts\/567\/revisions"}],"predecessor-version":[{"id":613,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/posts\/567\/revisions\/613"}],"wp:attachment":[{"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/media?parent=567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/categories?post=567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/tags?post=567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}