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Refinance Documents Checklist

Refinance Documents Checklist

Refinance Checklist

The following checklist will facilitate your mortgage loan interview. The checklist includes most of the information that you and any co-borrower will need to supply.

In preparation for your loan interview, review the information below. I suggest you print this worksheet, then check each box after you've gathered the required data.

Social Security Number, Date of Birth
Legible Copy of Drivers License
Paycheck
Most recent 2 pay stubs that shows year-to-date earnings
Tax Forms
W-2's for the last 2 years
Tax Returns for the past two years
Employer Information
Names, addresses, and telephone numbers of employers for the past two years
Asset Account Information
Account numbers and current balances of checking, savings, and any other assets for the most recent  2 months, all pages even blank ones
Current Assets
Individual Retirement Accounts (IRAs), CDs, Stocks, Bonds, etc.  If funds are coming from any of these assets, most recent last 2 months (or quarterly) statements, all pages even blank ones
Real Estate Owned other than Primary Residence
Address, Lender information to include Account Number and Balance, Property Taxes, Insurance,  HOA  
Liabilities
Auto loans, student loans, credit cards, any co-signed loans and other installment debt, provide name and address of each creditor and the monthly payment and total amount due.
Agreement to Purchase
A signed copy and any amendments, a copy of the listing form for the property, the legal description of the property, and receipt for down payment deposits.

There may be some special situations that require you to supply additional information. These include:

If you are self-employed or work on a commissioned basis, underwriting will need your federal tax forms for the past two years, and a current year-to-date profit and loss statement if income declined from previously reported tax year.

If you are separated or divorced, underwriting will need a copy of your divorce decree and separation agreement, all pages, and documentation on alimony or child support payments you are required to make or you receive as income. If you are receiving payments, proof of this income can be the clerk of court's history of payments or canceled checks for the past year.

If you include Pension, Disability, Social Security, or other public assistance as part of your income, underwriting will need a copy of an award letter/certificate from the provider of the incone.

If you have a bankruptcy, foreclosure, or any judgments against you over the past seven years, underwriting will need a copy of the filed bankruptcy paperwork and filed discharge paperwork. 

 

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