Steps: confirm equity for your refi type, document income, keep DTI reasonable, present credit ~620+, and let the appraisal support value. Gather your mortgage statement and income docs to start.
What to prepare
Have your current mortgage statement, income documentation, and homeowners insurance handy. We’ll estimate your new rate, payment, and break-even before formally applying.
Strengthening your file
Paying down revolving debt lowers DTI; strong credit improves your rate. For self-employed borrowers, a bank-statement refinance can qualify income that agency rules would undercount.
Frequently asked questions
How long does a refinance take?
Commonly 30–45 days, depending on the appraisal and documentation. Streamlines can be faster.
Do I need reserves?
Not always for a primary residence; investment properties and higher LTV may require them.
Can I refinance while self-employed?
Yes — bank-statement and P&L programs let self-employed owners refinance on real income.
Save Financial is a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766). Figures are illustrative for 2026 and not an offer of credit.