Completing a mortgage refinance application is one of the steps necessary to refinancing your home loan. You will also need to provide a variety of documentation to help your lender approve you for a mortgage. The documentation will vary depending on your loan program, and your personal financial situation.
The following is a list of documents generally required when applying for a mortgage refinance. For a fast and easy loan process - have these items available when you're ready to complete your application.
Proof of income - Typically, you'll need to show original pay stubs for the last 30 days.
Copy of homeowners insurance - verifies that you have current and sufficient coverage on your property.
Copies of your W2 forms - Required for each applicant and helps your lender verify past employment and income history.
Copies of asset information - Including accounts holding money for closing, statements for savings, checking and 401K accounts and investment records for mutual funds or stocks.
Copy of title insurance - Helps your lender verify the legal description of the property, taxes and names on the title.
Once you've begun the loan process, your Loan Originator will tell which documents you'll need to get approved. They'll vary depending on where you live and which loan program you've selected. But keep in mind - the more information you have ready before you apply, the faster you'll get approved and close.
