The list below is a general list that will help you prepare to refinance your home.
Timeframe:
In most cases we can close in 30 days or less.
Costs:
Typically range from 1% to 4% of the loan amount and include various charges such as appraisal fees, title insurance fees, and lender fees. These costs can be rolled into your new loan amount.
Information that you will need:
1. Past 2 years of employment history
2. Past 2 years of residence history
3. Any current balances and payments for installment and/or revolving debts
4. Date of birth and social security numbers
Documents that you will need:
1. W-2 for the previous 2 years
2. Paystubs covering 30 days period
3. Homeowners' insurance agent information
4. Photo ID
5. Most recent mortgage statement
Self Employed Borrowers Only:
1. Personal tax returns for the previous 2 years
2. Business tax returns for the previous 2 years
3. Business licenses covering a 2 year period
4. Year-to-date profit and loss statement (P&L)
If Applicable:
1. Final divoce decree or seperation agreement
2. Proof of child support or alimony receipt and continuance
3. Proof of child or alimony payment requirements
4. Full bankruptcy filing or proof of discharge
5. Copy of a pemanent resident card or visa
6. Copy of SSN card
7. Disability award letter
8. SSI award letters
9. Pension award letter