Refinance Checklist

Think it is time to Refinance? Work with the best mortgage company servicing Dartmouth, MA and surrounding areas with over 25 years experience writing loans. There are many reasons to refinance your mortgage, but most fall into one or all of three categories: One, save money by obtaining a lower interest rate; Two, use your equity to borrow money for home improvements or to payoff high interest credit cards and loans or Three restructure your existing mortgage to lower its term reducing the number of years your paying and saving considerable interest. Refinancing to save money is like making an investment in yourself, where the interest you save over the life of the loan becomes the return on your investment.

Person working on laptop
Standard Documents                  

o   Two year work history phone/via email. Please provide company name, address, phone, your position, and dates of employment (All employers covering the past 2 years)

o  Two years w2’s (for all jobs held)

o   One full month of pay-stubs (covering 30-day period)

o   Two months complete bank statements
-All numbered pages (even if blank)
-If printing from online make sure to print actual statements as if mailed to your home
-Must state full name, full account number, bank’s name and running balance
-Large deposits may require additional documentation or proof of where funds came from

o   Must be current on all student loan payments.

o   Collections and Charge Offs May be required to be paid in full depending on loan product.

o   Clear copy of your Drivers License

Additional Loan Documents                  

(“May” be needed, based on investor approval)

o  Two years complete tax returns (Personal 1040’s and Business 1120’s)-All schedule, all pages (do not need state section with “bar code” on top )

o  Social Security award letter/Pension award letter (If applicable)

Divorce Decree (If Applicable)
-Child Support order, any alimony agreements and proof of payment
-Cancelled checks and additional documentation may be needed

VA Form DD-214 (Veterans Only)

Retirement Statements (All pages and must cover the last quarter or the past 2 months.  You also must provide the “Terms and Conditions” of how the funds can be withdrawn)

Resident Alien/Green Card (If Applicable)

Work Visa(If Applicable)

Subject Property Documents                  

o   Recent Mortgage Statement, bill or coupon. (Can be printed from online)

o  Recent Real Estate Tax Bill

o  Recent Homeowners Insurance Policy

Copy of any Homeowners Association monthly dues

Additional Properties Owned               

o  Recent Mortgage Statement (all mortgages, all properties)

Recent Insurance Policy (all mortgages, all properties)

Recent Real Estate Tax Bill (all mortgages, all properties)

Copy of any Homeowners Association monthly dues