Getting Started On Your Refinance

When you refinance your existing mortgage, you are essentially paying off the existing mortgage debt and replacing it with a new loan. Many of the same costs are involved in refinancing a loan as are in first-time financing.

Items to gather

To expedite the paperwork process, start gathering the following items

  • W2’s from the last two years (For borrower and co-borrower, if you filed separately)
  • If you are self-employed, bring signed copies of your last two year’s tax returns, including all schedules that were filed, and a profit/loss statement or balance sheet for the current year
  • Homeowner’s insurance company name and number
  • The original lender’s contact information
  • Most recent bank statements
  • Most recent statements from 401ks, IRAs, mutual funds and securities accounts
  • A copy of your current payment coupon for your existing loan, along with the outstanding mortgage balance