You might consider refinancing your
mortgage for several reasons:
Completing an application is one of the things you'll have to do to
refinance your mortgage. You'll also need to provide a variety of
documentation to help your lender approve you for a home loan. 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 to 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 instruct you on the required documents you'll need for
approval. 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.
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