Step by Step Auto Refinancing at Unify Lenders
Generally, a loan borrower will decide to refinance an auto loan in order to receive a lower interest rate and or lower monthly payments. Refinancing through a new lender, may be beneficial in many ways.
Helping you refinance your current auto loan, Unify Lenders provides you with an easy step by step process.
Step 1 – The first thing that you need to do is organize all of your important documents and relevant information. Some of the specific documents that you will need include a copy of your current auto loan, insurance information and your vehicle registration. In terms of the information that is needed, you will have to know the name of your current lender, your car’s VIN number and vehicle specific information like the year, make, model, mileage and any repairs that have been made to the car.
Step 2 – Know your current credit score. If your current ranking is poor, the chances of receiving a beneficial refinanced interest rate decreases.
Step 3 – Fill out our easy online refinancing application. You will need to provide us with your:
- Legal first and last name
- Social security number
- Legal residence
- Date of birth
- Proof of income
- Proof of employment
- Current loan provider and loan details
*If you require a loan cosigner, we will need their personal information as well. Having a cosigner will give you greater chance of being approved for a refinanced loan.
Step 4 – Select the amount that you would like to refinance. Unfortunately, we cannot provide more than the total value of the car.
Step 5 – Submit your application. Once we have received your loan application, we will run all of the numbers and find the best refinancing option to fit your specific needs.