I’d love to help you refinance your home loan. Refinancing your mortgage can be used as a strategic tool in managing your personal finances. Maybe you want to lower your rate and consequently, your monthly mortgage payment or you want to consolidate your credit card and other debt to lower your monthly obligation. Or maybe you’d like to tap into the equity in your home and get some cashout. Regardless of the reason, I can help.
In order to refinance your home loan, your lender will require you to answer questions, complete a mortgage application, and provide documentation to support those answers. You will need the following documents that we will forward to your Loan Officer:
☐ __ 1 months worth of Pay Stubs (consecutive pay stubs; 2 if you get paid every other week and 4 if you get paid monthly). See below if you receive a pension, social security, disability, etc.
☐ __ 2 years W2s (2021 & 2020)
☐ __ 2 years Federal Tax Returns (2021 & 2020)
☐ __ 2 Bank Statements for each account including your 401k, (for bank statements include all pages for the last 2 consecutive months. For 401Ks there is typically only 1 statement because they are usually published quarterly)
☐ __ Driver’s License or other Government Photo ID
☐ __ Social Security Card(It’s best to take a picture of your license & SS Card)
☐ __ A recent copy of your Mortgage Statement(s)
☐ __A copy of your Home Insurance Declaration Page(s) for current property(s)
☐ __ If you are retired and receiving a pension or social security, send a copy of your award letter and check stubs or bank statements showing the deposits (provide at least 60 days’ worth).
☐ __ If you are a recent graduate (high school, college, graduate school, law school, medical school) with no 2-year work history, please send a copy of your school transcript with a letter explaining that you are a recent graduate and you graduated from X school on Y date. The transcript can be unofficial.
☐ __ If you are receiving child support and would like it considered for the loan, please provide a copy of the court order and 3 months of bank statements showing the deposits.
☐ __ If you are a Veteran and would like to do a VA loan, please include a copy of your Form DD214
☐ __ A Letter of Explanation for any derogatory items showing up on your credit report.
You can email the documents to Documents@HomesByNiecieDraper.com for help in facilitating the transaction.
Please plan to save & keep your pay stubs and bank statements handy as you go through the home buying process. You may be asked for updated documents throughout the process until you close on your new home.
Once you have emailed your documents, please visit www.AdditionalQuestions.NiecieDraper.com to answer a few questions needed to finance your new home!
I look forward to working with you and helping you to refinance your home loan mortgage! 😊🏡
ps: I know that the list of Documents Needed might look long, but think of it like this … I call it “The 2s” All you need is “2 pay stubs, 2 bank statements, 2 W2s, 2 years tax returns, 2 forms of ID and 2 mortgage documents – statement & insurance“! If there are any other documents needed for your home loan, they are an offshoot of that!
pss: Are you living in your Dream Home? If not, let’s get you in your Dream Home! You can Search For Your New Home Here! Feel free to edit this search or contact me to create a unique search just for you!