What Documents Do I Need To Refinance My Mortgage? Depending on the lender and your unique situation, different documents may be required to refinance your mortgage. Nonetheless, the following are some typical documents that you might be required to submit:
- Proof of income: Pay stubs, tax returns, W-2 forms, and other records attesting to one’s income are examples of this.
- Verification of employment: Your lender might request documentation of your employment, such as a recent pay stub or a letter from your employer.
- Property records: These could comprise the property tax statements, the homeowner’s insurance policy details, and the deed to the property.
- Loan records: These can be your payment history, your most recent mortgage statement, or any other records pertaining to your loan.
- Credit report: To assess your creditworthiness, your lender will normally request a copy of your credit report.
- Bank statements: To confirm your financial status, your lender might ask to see recent bank statements.
- Appraisal report: To ascertain the current market value of your property, an appraisal report is usually necessary.
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These are only a few of the typical paperwork that you might be required to submit when refinancing your mortgage. Make sure you ask your lender what the exact requirements are for your circumstances.