The entire application process is completed online - click here to get started! It takes less than 30 minutes to submit your application. You can read more about each step of the process below:
- Apply Now: You will press the “Apply Now” button, which is located on your MPOWER Dashboard.
- Check Your Eligibility: Once you log in to the dashboard, you will see a “refinance your home country loan” button.
- Fill Out Details: You will fill out the rest of your application, including your personal, original loan, and financial details, and submit your application with a valid photo ID.
Prequalification: We will review your application and send an email with information on the next steps within 2 to 3 business days.
- Submit Documents & Check Credit History: If you are prequalified, we will review your credit history in your home country, if applicable, and in the U.S. or Canada, depending on your current residence status. To complete the process, you must submit appropriate documentation, watch an introductory video, and complete a short assessment.
- Final Review: Once you submit all documentation, our credit team will evaluate your application for the final decision within 5 to 7 business days.
- Certification and Disbursement: If your loan is approved and accepted, we will work with you to contact your lender to pay off your loan.
- Servicing: Once the loan is made, your loan will be updated with your servicer. You can find your servicer’s information on your dashboard after your loan is finalized.