How can I save money and time on a mortgage refinance?

One way you can save money and time when applying for a mortgage refinance is by taking advantage of the EnTitled program. 

EnTitled is a mortgage refinance program that allows eligible borrowers to skip lender’s title insurance and the fees associated with it. This could save borrowers money and time on the closing of their mortgage refinance. 

Save money and time on your mortgage refinance with the EnTitled program when you start your mortgage refinance application. 

The cost of refinancing a mortgage is similar to getting your original home loan. Refinancing a mortgage typically costs from 2% to 6% of the amount you borrow. 

This percentage covers many costs associated with a mortgage refinance, such as application, origination/underwriting, recording, appraisal, credit check, title services and attorneys fees. 

The time it takes to refinance a mortgage depends on your lender and how prepared you are for the refinance progress. 

A mortgage refinance typically takes 30 to 45 days from beginning your application to closing on your loan. Depending on your loan type, this timing could slightly vary. If you have all your documents and information prepared, your refinance could be complete in as little as 15 days. 

The EnTitled mortgage refinance program allows eligible borrowers to avoid lender title insurance during their refinance. This will save borrowers the money and time it takes to complete their title insurance when closing on their mortgage refinance. 

The amount you can save on a mortgage refinance with EnTitled could range from $500 to $2,500. You can save this amount per refinance. The exact amount you save will depend on the state you live in and the loan amount your borrow. 

A mortgage refinance with EnTitled can speed up the closing on your mortgage when removing the need for lender’s policy and skipping this step. 

Those looking to qualify for a mortgage refinance with EnTitled will have to meet certain requirements. These requirements will automatically be reviewed when you apply. 

To be eligible for a mortgage refinance with EnTitled, you will have to: 

• Be refinancing only, not purchasing.
• Have the home as your primary residence. 
• Make sure your property meets approved guidelines.
• Show your loan-to-value is under 80%. 
• Live in a state approved by the program. 

When you start a mortgage refinance, your loan will automatically be reviewed for the EnTitled program. 

There are no extra steps you will need to take to apply for the EnTitled program. Just begin your mortgage refinance to potentially avoid lender title insurance. When you begin an online mortgage refinance application, your loan will be reviewed for EnTitled eligibility. 

Ready to see if you qualify for the EnTitled program? Begin an online mortgage refinance application. 

_{Rate may choose to waive borrower's lender title insurance requirement on their refinance upon an automated review of title risk when borrower has applied and qualified for a same day loan approval. Total waived amount varies by factors including subject property location and type, state, and loan amount.  Maximum loan to value and loan limits apply. Available for 1-4 unit properties used as owner occupied primary residences, including condominiums and planned unit developments. Not available in all states. Applicants are subject to credit and underwriting approval. Not all transactions will qualify for waived lender title insurance and not all borrowers will be approved. Refinancing can increase your total costs over the term of your loan. Additional restrictions apply.}