Refinancing 

Refinancing Your Mortgage

Refinancing is the process of replacing your old mortgage with a new mortgage. Most people refinance to secure a lower interest rate, shorten the mortgage term, or switch from an adjustable-rate mortgage to a fixed-rate mortgage.

There are a few potential benefits of refinancing:

  1. Lower monthly mortgage payments.

  2. Consolidating debt into one convenient monthly payment.

  3. Get cash on hand by tapping your home equity.

  4. Get a shorten term and pay off your mortgage faster.

  5. Get stability by switching from an adjustable-rate loan to a fixed-rate loan. 

If you are thinking of refinancing, contact Ryan today to start the conversation and discuss your options. 

Refinance a mortgage

Home Refinance Process 

1.

Consult a Loan Officer

Connect with a loan officer over the phone to discuss your needs and to determine the best path forward. 

2. 

Get Octane® Access

Register your account and get access to Cardinal Financial's home loan platform that simplifies the process.

3.

Provide Your Information

Provide a little more information on the property, verify your income and assets, and run your credit. 

4.

Lock In Your Loan

Compare your loan options, choose what is best for you, and lock in your loan. 

5.

Complete Your To-Dos

Complete your personalized to-do list in Octane and provide the requested documents and signatures. 

6.

Processing

Your loan is processed and you check the status every step of the way in Octane. 

7.

Closing

Review your closing documents generated in Octane, schedule your closing, and attend the closing.