When you refinance, you pay off your existing mortgage with funds from a new mortgage on terms that work for you.
What you can do with a mortgage refinance:
Select a rate or APR to view important loan information.
*All refinances are assuming autopay, CA-South Region, FICO 740, 60% LTV
We'll do our best to meet or beat your current mortgage offer from another lender.footnote1 Even if you've already applied elsewhere, we may be able to reimburse you up to $750 for closing costs when your new Bank of the West mortgage closes.
Our relationship pricing discounts for current Bank of the West and BWIS customers start at 0.125% if you have $100,000 or more in eligible deposits and rising to 0.75% with $3 million or more in deposits.footnote2
Simply have your monthly mortgage payment automatically deducted from a Bank of the West savings or checking account.
No, we encourage customers and non-customers to apply.
It depends. Generally, it can take approximately 45 days for your loan to fund. However, please note that factors such as the type of loan product, property condition, appraisal turn time, market demand, and ability to obtain required documentation may impact these timeframes. Contact a home finance specialist for current turn times.
Many factors are considered when a mortgage interest rate is established. Rates vary based on FICO® score, loan term, loan amount, down payment, property type, and location. Speak with one of our home finance specialists to find out the best rate we can offer you.
Once you have completed your application for a refinance, the lender will order an appraisal to ensure that the property’s value is sufficient for the loan amount requested. A licensed appraiser will visit the property to conduct the appraisal inspection. Generally, the appraisal report is completed and received between two days to two weeks, depending on the type of appraisal, the location of the property, and market demand.
Appraisers complete a visual inspection of the interior and exterior of the property and note any conditions that might adversely affect the property’s value, such as needed repairs. Further, they compare the home to other similar homes in the area and their recent sales prices.
Our customer service team can provide a loan payoff amount. Simply call 888-915-2327 (TTY: 800-659-5495) and select “mortgage payoff” to speak with one of our team members.
Fixed-Rate Mortgage
Adjustable-Rate Mortgage (ARM)
Please refer to your loan denial notice for the specific reason your application was denied. If you were denied due to credit score, this article has helpful tips on how to improve your score: Good Credit Planning. Your Home Loan Specialist will assist with information that may be helpful when you’re ready to reapply.
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