Questions Before Refinancing
Why should I refinance my home?
Whether you are looking to lower your monthly mortgage payments or shorten the term, there are several reasons why it’s a good idea.
It’s a great way to save money, but you need to make sure all the pieces of the puzzle fit into place. To put yourself in the best possible situation, you’ll need to get organized first and foremost.
What do I need?
Gather your paycheck stubs from last couple months and be prepared to save all paycheck stubs during the process. Also, make sure your last two years of tax return information is handy. You’ll also need all W-2’s from the two-year timeframe.
From a financial asset standpoint, you’ll need to get details on any 401k, stocks, or other investments. Plus, bank statements from any checking or savings accounts will be required.

Is now a good time for me?
The answer will vary based on individual situation, but we can help you decide if now is a good time for you.
The amount of available equity you have in your home plays a very important role in the refinance decision-making process. Determining your home equity is a simple calculation using the appraised or estimated value of your home and your current mortgage balance. The more equity you have, the more refinancing options available to you.
Your equity will help eClick Lending determine your loan-to-value ratio (LTV) or combined loan-to-value (CLTV if you have a 2nd mortgage).
How can I lower my LTV?
There are several ways to do this. Just to name a few:
- Increasing your payment each month to pay down your principal loan balance
- Making substantial home improvements to increase your home value
- Monitoring other homes in your area that sell for a higher sales price
Take a look at some success stories from our customers about their refinance experience. Then when you are ready, eClick Lending is happy to offer a free consultation.