Refinance
Refinance to lower your interest rate. If rates have dropped since you last financed your home, you may want to consider refinancing. Other common reasons to refinance include paying off a balloon payment, converting an adjustable rate loan to a fixed rate loan or to extract cash equity in your home (cash out). A few reasons for cashing out include: home improvement, an education fund, and consolidating debt.
Benefits:
- Reduce Your Interest Rate
- Cash Out Equity for Home Improvements
- Consolidate Debt
- Lower Monthly Payments
Documents Needed:
To expedite your Pre-Approval process we will ask that you have the following documents ready when applying, depending on your borrowing situation:
W2 Borrowers:
* 2 Most recent year W2
* 2 Most recent months of paystub
* 2 most recent month bank statement
* Copy of ID
Self-Employed Borrowers:
* 2 Most recent year tax returns (personal and business)
* 2 most recent month bank statement
* Copy of ID
Self-Employed Borrowers using Bank Statement for income verification:
* 12 Most recent most of business or personal bank statements
* 2 Most recent year business license or any types of business verification.
* CPA letter verifying business existence and business expense factor.
* Copy of ID
*** For Borrowers that own multiple properties than subject, these additional documents are needed:
* Most recent month mortgage statement
* Most recent year property tax statement
* Most recent year property insurance statement
* Most recent year property HOA statement