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Mortgage Refinancing for Doctors

1

Paying too much for your mortgage? We may have a remedy.

Element/Bulb Line

You could refi to a lower APR. Apply today and get rewarded with up to $650 off closing costs.2

Smart

The information you need to find the right mortgage, with real rates upfront.

Simple

Clear terms and fees online, with human support when you need it.

Secure

Protected data, and the financial relationship you deserve from a bank.

a female doctor wearing a white coat and holding a silver iPad

Cash-out Refinance

Cash-out on your mortgage so you have the money to focus on the things that matter. Laurel Road offers fast and personalized refinancing options to help you get the most out of your home.

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Explore Our Mortgage Resources

Quick tips for refinancing your home.

Frequently Asked Questions

QUESTIONS? WE'VE GOT ANSWERS.

  • Will applying for a mortgage impact my credit score?

    Yes, it may effect your credit score. We recommend checking out https://www.myfico.com/credit-education to learn more.

  • How does the appraiser determine the value of my home?

    By gathering the most recent comparable sales that are most similar to the subject property both in square footage, style and location. The comparable sales are then used to adjust the price.

  • Who can I contact for help with my mortgage?

    For questions regarding your mortgage application in progress, you can contact your Loan Account Manager at any time via chat or email, or you can call us at (877) 801-4686, anytime between 9:00 AM-5:30 PM EST, Monday -Friday. Members using a TDD/TTY device, please use (800) 539-8336. For questions regarding your existing funded mortgage, please contact our Member Services team at 1-833-HCP-BANK (427-2265) (TDD/TTY: 1-800-539-8336), or email us at help@laurelroad.com.

  • What is the difference between a home inspection and appraisal?

    The home inspection is an evaluation of the condition of the property, while the appraisal is an evaluation of the value of the property.

  • Who will be the lender on my mortgage?

    Laurel Road is a brand of KeyBank. KeyBank will be the lender of your loan. KeyBank is a direct lender, which means we support borrowers throughout the entire loan process and provide funds at closing.

  • How do I make my payments?

    You will be provided with payment instructions in the closing package, including a coupon to make your first payment. You will receive a welcome letter from KeyBank within 45 days after closing with instructions on setting up your regular payments.

Disclaimers

NOTICE: This is not a commitment to lend or extend credit. Conditions and restrictions may apply. All mortgage products are subject to credit and collateral approval. Mortgage products are available in all 50 U.S. states and Washington, D.C. Hazard insurance and, if applicable, flood insurance are required on collateral property. Actual rates, fees, and terms are based on those offered as of the date of application and are subject to change without notice.

  1. Only available to interns, residents, fellows, doctors, dentists, clinical professors, researchers, or managing physicians with a current license and a degree of Doctor of Medicine (MD), Doctor of Osteopathic Medicine (DO), Doctor of Podiatric Medicine (DPM), Doctor of Dental Surgery (DDS), or Doctor of Dental Medicine (DMD). Retired doctors are not eligible. Additional conditions and restrictions apply.

  2. Laurel Road offers up to $650 in lender's credit towards your mortgage closing costs. Credits cannot exceed borrowers’ actual costs to close. For more information refer to the Rewards Program below.

Rewards Program Disclosure

As used throughout this Rewards Program Disclosure (“Disclosure”), the terms “Lender”, “we”, “us”, and “our” mean KeyBank National Association. By using the Site, you are accepting the terms of the Rewards Program and this Disclosure as described herein, and as amended from time to time.

REWARDS PROGRAM

Lender offers applicants the opportunity to participate in a reward-based program (the “Rewards Program”) throughout the Lender’s mortgage loan application process using the Lender’s online mortgage platform or Site. Through the Rewards Program, applicants may have the opportunity to accrue points that will be redeemable and applied towards costs at closing.

The accrued points are earned by choosing certain specified options to complete the mortgage loan application process. The most cost effective and efficient tasks lead to the greatest amount of points. When you close your mortgage, the total amount of points earned are awarded and then converted into a lender credit. The dollar amount of the lender credit is then applied toward eligible non-recurring closing costs or disclosed fees.

Your participation in the Rewards Program is voluntary, and is expressly conditioned on compliance with the Rewards Program Rules and with all present and future Program Rules, terms, regulations, policies, and procedures that Lender may, in its discretion, adopt from time to time.

ACCRUING POINTS AND/OR CHOOSING CERTAIN SPECIFIED OPTIONS TO COMPLETE THE MORTGAGE APPLICATION PROCESS DOES NOT AFFECT THE REVIEW OF THE BORROWER’S MORTGAGE APPLICATION, LENDER’S ULTIMATE DECISION REGARDING THE BORROWER’S MORTGAGE APPLICATION, OR ANY TERM OF A LOAN OFFERED BY LENDER OTHER THAN A REDUCTION OF NON-RECURRING CLOSING COSTS OR DISCLOSED FEES.

REWARDS PROGRAM RULES

  • Only available to individuals legally eligible to obtain a mortgage loan. Proof of age is required at closing.

  • Points are accrued based on tasks performed within a given application. Earnings are accrued per task. Points are earned once per task.

  • Borrowers can accrue up to 450 points per loan transaction. Total points accrued and/or available are located in the “My Rewards” widget.

  • Points are converted on a one-to-one basis to lender credits that will be reflected on the Closing Disclosure and applied to eligible non-recurring closing costs at Lender’s discretion. The maximum available lender credit that may be obtained for the Reward Program is $450.

  • Borrowers can accrue an additional 200 points per loan transaction if an appraisal is ordered on the Site. Ordering an appraisal on the Site not available for all Borrowers. Points are converted on a one-to-one basis to lender credits that will be reflected on the Closing Disclosure and applied to eligible non-recurring closing costs at Lender’s discretion. To learn more about availability see contact information below.

  • Points accrued during the process may be converted into rewards at the closing of an approved Lender loan, provided the applicants’ application remains active until the time of closing.

  • Points are non-assignable and non-transferable.

  • Accrued points have no cash value, are non-negotiable, and are not redeemable either in whole or in part for cash. Applicants cannot receive cash back from rewards applied at closing. Accrued points have no value in the event that the applicant withdrawals the loan application, the application is withdrawn by Lender as incomplete, or the application is denied.

  • Applied lender credits may not exceed limits that may be imposed on lender credits by investor or program guidelines. Applied lender credits may be modified if the total amount of credit exceeds the maximum allowed under the applicable guidelines.

  • DETERMINATION OF TAX LIABILITY OF REWARDS IS THE RESPONSIBILITY OF THE APPLICANT. APPLICANTS SHOULD CONTACT THEIR TAX ADVISORS WITH ANY TAX RELATED QUESTIONS.

  • Lender has the right, in its sole discretion and without notice, to change, update, revise, limit, supplement and otherwise modify the rule or terms of the Rewards Program and impose new or additional rules, terms and conditions on the applicant’s use of the Rewards Program, at any time, at its discretion, with or without notice, even though such changes may affect the accumulation of points or the ability to obtain the reward.

  • Lender reserves the right to change the Rewards Program Rules or terms at any time in its sole discretion without prior notice to borrower, including but not limited to: (i) the qualifications for eligibility; (ii) the value of points earned by the applicant; (iii) the number of points needed to earn a reward; and (iv) the rewards available to be earned. Each such modification will be effective upon posting on the Site.

  • Lender reserves the right, in its sole discretion and without notice, to terminate or cancel the Rewards Program, in whole or in part, or an individual applicant’s participation in the Program for any reason and at its sole discretion, with or without cause. “Termination” means ending the Rewards Program, with no further ability to earn points and/or convert points at closing by any applicant; “Cancellation” means the expiration or revocation of an individual applicant’s eligibility, for any reason, with or without cause. Neither Termination nor Cancellation of the Rewards Program affects the applicant’s pending loan application(s).

Questions or Concerns Regarding Rewards Program
If you have questions or concerns regarding the Rewards Program, please call at (877) 801-4686 or email mortgage@laurelroad.com.

KEYBANK NATIONAL ASSOCIATION RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
This information is current as of March 30, 2021. Information and rates are subject to change without notice.