Reasons to Refinance

Lower your mortgage rate and payment

Reduce your term

Convert your adjustable rate into a fixed rate

Remove mortgage insurance

Convert your 30-year loan to a shorter-term loan

Take cash out for home improvements or debt consolidation

The Refinance Process

  1. Determine what you want to accomplish by refinancing your mortgage. One of the most important steps before deciding whether or not refinancing can benefit you is to determine what your objectives are.

  2. Inquire online or call one of our experienced mortgage lenders. Your Loan Officer will answer any questions you have about the loan program you're considering and can make a recommendation for you given your individual goals. 

  3. Select your loan program. If you decide you'd like to move forward with the refinance, your Loan Officer will confirm your loan program, rate, and payment and will answer any questions you may have.

  4. Submit your documents. Upon receipt of your intent to proceed, the bank will request standard documentation. You may wish to start gathering the following items if you do intend to proceed with your loan request.”

  5. Process your loan. Once we have everything we need, your loan file will be submitted to the underwriter for review. After the review process we will contact you. 

 

 

American Bank, N.A. NMLS #469472. 800 N. Shoreline Blvd, Suite 200., Corpus Christi, TX 78401

Routing Number | 114903284