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You start by going to a lender. SOmetimes you will get a better response from someone other than your current lender. After you apply much of it will be the same as when you purchased the house. They will base your approval on your credit rating, how much you owe on other stuff, the loan to value (do you owe more or less than the house is worth) current appraisel on your house and how much you have in equity on the home. Then it goes to their loan board and they decide if they can refinance for you or not. It's not a difficult process but it can be a little frustrating because they are going to redo things they have already done to try and make a little money on the deal. Having said that, if you can shave all or part of a percentage point off your loan it may very well be worth it. Good luck

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14y ago

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