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.