What are the steps involved in the refinance process?

The steps involved in the refinance process typically include: 1. Researching and comparing lenders, 2. Applying for a new loan, 3. Providing financial documents for verification, 4. Appraisal of the property, 5. Underwriting process for loan approval, 6. Closing the new loan with signing of documents, and 7. Paying off the existing mortgage with the new loan.