Simplify Your Refi

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It seems like all we talk about these days is how easy everything is at Call Federal. But that’s really how we approach our mission of improving your financial health. When it comes to money, there are some things that are just plain complicated. But if we can minimize any possible confusion and streamline a process like refinancing a vehicle, we owe it to you to try. It’s what we’re here for.

What To Compare When Shopping For A New Loan

There are a number of times when refinancing makes sense. Rates change, credit improves, you decide you can pay a little more to own your car more quickly, etc. Whatever the reason for your refinance, it’s important to know what to look for when comparing rates and terms.

Knowing your current interest rate and term is essential for understanding where to find savings in a new loan. Want to lower your monthly payment? Extending the length of time to pay off your loan can achieve that for you. Is saving money on interest your primary goal? A shorter financing term or lower interest rate may increase your monthly payment, but will ultimately save you money in the long run. Your loan consultant will help you find the best option for your financial goals during your application process.

Refinancing A Loan with A Co-Signer or Co-Applicant

If you are looking to refinance and your current loan has a co-signer or co-applicant, here are a few things to remember. If you intend to maintain shared responsibility for the loan, you will both need to complete the refinance application with your updated information.

If you are looking to remove a co-signer in the process of refinancing your vehicle, we will help you get all the right paperwork taken care of and submitted properly.

Getting All of Your Information Together

Once you are ready to apply, your loan consultant will need to verify a number of things for your application, so be ready with all of following information for the smoothest possible refinance process!

  • Year / Make / Model
  • Vehicle Identification Number (VIN)
  • Color – as listed your DMV registration, red, blue, green, etc., not Aqueous Cerulean or Shimmering Silver
  • Exact Current Mileage
  • Any Features or Options – From heated seats to alloy wheels and power sunroofs, we need this info to accurately value your vehicle
  • 10-Day Pay Off On Current Loan
  • The names of anyone else listed on the current title

Having all of this information from the start will allow for a more efficient application process.


It’s that simple! Once your refinance is processed, Call Federal will send your previous lender a loan payoff check and you’ll be free to get back to your day, with savings in your pocket. Ready to get started on your refi? Give us a call at 804-274-1200 or visit your nearest branch to begin the process.

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