From home loans to refinancing, we've got you covered.

Yes, as long as you meet the criteria for the new loan amount or new program you've selected.

The following are some of the more commonly requested documents. This list is not all-inclusive.

• When applicable, a fully executed agreement of sale for the property being purchased
• Financial statements for bank and brokerage accounts
• Closing disclosures on the property you're selling, if applicable
• Your most recent pay stubs, if applicable
• Previous W2s
• A copy of a rental lease, if applicable
• Homeowner's insurance policy declarations page
• Flood insurance policy, if applicable

Typically, the borrower pays for closing costs such as appraisal, inspection, and title company fees. Once the application is submitted, the borrower receives a loan estimate that includes all fees associated with the transaction.

Rocket Mortgage is the home loan provider for Schwab Bank. We work with Rocket Mortgage to offer mortgage products for our clients. Rocket Mortgage is an industry leader in client service and technology. Rocket Mortgage has a dedicated team of experts specifically serving Schwab clients to ensure an outstanding level of service.

Yes. You can apply for preapproval and obtain a Verified Approval Letter (VAL) from Rocket Mortgage, which allows you to become a more competitive buyer before you start shopping for your new home.

It depends on your situation, including your current interest rate and how long you intend to stay in your house. Based upon proprietary studies at Schwab Center for Financial Research, refinancing may make sense if you can lower your interest rate by at least half a percent. Reducing your rate in this fashion could increase your monthly cash flow, as you may pay less in interest. If your goal is to shorten the length of your mortgage, your monthly payments could increase. However, you could generally save a considerable amount of interest over the life of the loan.

Yes. Many people borrow against the equity in their home. This could be a way to increase your cash reserves. However, we strongly recommend that you consult first with your financial planner, accountant, or other financial professional before you decide to move forward with this option.

Just like when you got your original loan to purchase the home, you'll have closing costs associated with refinancing, such as origination or appraisal, processing, and title company fees. You may have the option of rolling these costs into the loan amount to reduce the amount you pay out of pocket.

As a Schwab client, you may be eligible for the Investor Advantage Pricing (IAP) program as well as a variety of mortgage products aimed at meeting your specific needs. IAP provides Schwab clients with a mortgage rate discount based on your eligible assets held at Schwab.

If you qualify, generally, you can use up to 80% of the appraised value of your home. Equity is based on the current value of your home and how much you currently owe on your home. The amount of equity you can use may be subject to applicable state laws.

A HELOC is a revolving line of credit based on the equity in your home.

A HELOC provides flexibility to leverage the equity in your home to remodel or make upgrades, consolidate debt, make large purchases, or cover tax-season expenses.

• 1st lien Standalone HELOCs are available.
• 2nd lien Standalone or Piggyback HELOCs are available with an eligible Schwab Bank 1st lien loan.

A Piggyback HELOC is a HELOC that is opened at the same time the home is purchased or refinanced. To complete the underwriting for the Piggyback HELOC, Rocket Mortgage will leverage the same documents that were used for completing the mortgage loan (such as loan application, appraisal evaluation, credit review, etc.).

A Standalone HELOC is independent of the first mortgage if any exist. For Standalone HELOCs, Rocket Mortgage will go through the complete underwriting process: loan application, appraisal evaluation, credit review, etc.