Mortgage Refinance Timeline
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Mortgage Refinance Timeline

Michael Jensen, Mortgage and Finance Guru
, Mortgage and Finance Guru

Week 1

Get Organized

Determine Refinance Amount

Check Your Credit Report

Credit Score Required for a Mortgage

Determine How Much Equity You Have in Your Property


Weeks 5-8

Finalize Mortgage Application

Lock Your Refinancing

Settlement Agent Opens Escrow

Settlement Agent Orders Title Report

Lender Orders Appraisal

Receive Lender Underwriting Approval

Review Closing Disclosure (CD)

Settlement Agent Orders Loan Documents

Review & Sign Documents

3 Day Right of Rescission Period

Fund Mortgage

Record Mortgage Documents

Close Refinance!

Finish Line
  • %
    Current Mortgage Rates as of February 22, 2020
    • Lender
    • APR
    • Loan Type
    • Rate
    • Payment
    • Fees
    • Contact
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    Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
  • Sources

    Mortgage Timeline: http://myhome.freddiemac.com/buy/timeline.html

    About the author

    Michael Jensen, Mortgage and Finance Guru

    Michael is the co-founder of FREEandCLEAR. Michael possesses extensive knowledge about mortgages and finance and has been writing about mortgages for nearly a decade. His work has been featured in leading national and industry publications. More about Michael

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