Let Smart Mortgage help you refinance your home. Smart Mortgage offers a straight forward mortgage refinance process which will help determine your home’s value, check rates, payments, costs and more. Why refinance your home?
Lock in a fixed rate
Lower your monthly payment
Consolidate high-interest debt
Access home equity for your special needs such as home improvements
No matter what your home financing goals are, let Smart Mortgage help refinance your mortgage today.
In general, the documentation you will need includes:
Check for application fee
Property Information (if you already have a contract on a house)
Purchase Agreement.
Copy
of legal description and MLS sheet.
If you are selling your current home,
copy of listing contract.
If
you have sold your current home, copy of settlement statement (HUD-1).
Income & Assets
Pay stubs for the last 30 days.
For the past two years:
Names
and addresses of each employer.
W-2s
Statements for each bank, mutual fund, and/or investment account for the
last three months.
Estimated value of personal property and furniture.
If you have made any large deposits to
your accounts:
Explanation and source for deposit.
If
large deposit was a gift:
Signed gift letter (lender can supply).
Copy of gift check.
Copy of deposit receipt.
If you own more than 25% of a business:
Corporate or partnership tax returns.
If
self-employed:
Tax returns for the last three years
(with schedules).
Year-to-Date
Profit and Loss Statement prepared by an accountant.
If you own rental property:
Tax returns for the last two years and
current rental agreements.
If you are retired:
Pension Award Letter.
If you receive Social Security:
Social Security Award Letter.
If you are counting child support as
income:
Copy of divorce settlement.
Copy of twelve months of cancelled child
support checks.
Debts
Names,
addresses, account numbers, balances and monthly payments on all current
loans.
Explanation of credit report anomalies,
including:
Late payments, credit inquiries in the
last 90 days, charge-offs, collections, judgments and/or liens.
Bankruptcy filed within last seven
years (bring a copy of your bankruptcy papers).
VA Loans
Copy of DD Form 214, Report of
Separation.
Miscellaneous
Photo ID
and proof of Social Security number.
Residence addresses for the past two years.
If applicable, a copy of your divorce decree.
If you
are not a citizen, a copy of the front and back of your
green card.
