Here's what you can expect when applying for a Refinance
Rates and Dropping. Time to Refinance!
Most recent pay check stubs covering a 30 day period
Your latest pay stubs will not only show a gross monthly income but will also show a year to date total verifying your income
Your last two years W2 forms from the previous two years.
Copies of your past few months bank statements.
Most lenders will ask for two month’s of bank statements but your lender may want to see three so throwing in a few extra months cannot hurt.
*If you are self-employed, provide your past two years of income tax returns. Both business and personal tax returns in addition to year to date P&L (Profit and loss) statements.
**All borrowers that will be on the loan application will be required to provide this information. This information pertains to your standard conventional loans.
Statement only, Asset only, P&L only and other loan types will have different document requirements.