What documents are needed to refinance?

The documents needed to refinance are similar to those needed to initially obtain your loan. You will need:

Proof of income:

• W-2’s
• Recent pay stubs
• Tax Returns

Proof of coverage:

• Homeowner’s Insurance
• Title Insurance

Documentation of Assets:

• Cash & cash equivalents: savings accounts, checking accounts, money markets and certificates of deposit
• Tangible assets: physical property such as cars, properties, boats, jewelry, etc.
• Intangible assets: nonphysical assets such as stocks, bonds, IRAs, 401(k)s
• Liquid assets: cash or things that can be sold or traded for cash quickly
• Fixed assets: items that may take longer to convert to cash and may lose value in the process
• Fixed-income assets: investment money that is lent for interest such as certificates of deposit, securities, and government bonds

Your Loan Officer will run a credit check and may also ask for a current appraisal of your home.