1. Know what you want to do. You should understand your objectives, and the reasons why you are applying for a refinance. Understand what you are refinancing your home for, whether it is debt consolidation, home improvements, or shortening your loan term.



2. Fill out your application. Next in the home refinancing steps is filling out your application. This will let you know whether or not you qualify for refinancing your home.

3. Determine what type of loan you want. You need to decide your preferred loan terms — whether you get an ARM or a fixed rate — and how long you want your terms.

4. Have your home appraised. Your home has to be appraised as part of the steps to refinancing so that the lender knows how much your home is worth.

5. Work on getting full approval for your home refinancing. You need to have your home fully approved. A copy of your appraisal will be sent to the lender, and at that time an interest rate will be finalized, and then you'll end up with your formal loan documents.

6. Additional documentation. Before everything is completed in drawing up your documents, you may be required to submit further documents regarding your loan funding.

7. Notary signing. You will have to sign with a notary to fund your home mortgage refinance loan. This is an official who is authorized to witness your signing.

8. Actual loan funding. Once everything is notarized, the documents receive their final finish and the funding for your home refinance loan is sent.

Needed documentation

For most loans here are the documents you will likely need for refinancing loans:

· Copy of your home's deed

· Information on your current mortgage

· Copy of your homeowner's insurance policy

· Copies of your pay stubs from the past 30 days

· W-2 form copies from the last two years

· A complete asset list

· List of your credit and loan accounts that are open