Mortgages Blog

Finance Blogs » Mortgages » Refinancing? Get your paperwork ready

Refinancing? Get your paperwork ready

By Holden Lewis · Bankrate.com
Wednesday, May 26, 2010
Posted: 4 pm ET

You want to refinance, eh? In tomorrow's mortgage analysis, I'll have some tips for refinancing mortgages. I'll lay one on you now: Get your paperwork in order.

If you haven't got a mortgage loan in the last three more years, you're in for a surprise. The level of documentation required has gone up considerably. Before applying for the loan, assemble your last two to four pay stubs, your last two W-2s, and possibly bank statements and your last tax return or two. And prepare to sign IRS Form 4506-T, which allows the lender to get a transcript of your tax return, just to make sure you didn't submit phony documentation.

Related posts:

  1. Loan mods with no paperwork
  2. Does the Fed’s latest move matter?
  3. Double benefit of refinancing
  4. Less refinancing, more profit
  5. Advice for refinancing at these low rates
«
»
Bankrate wants to hear from you and encourages comments. We ask that you stay on topic, respect other people's opinions, and avoid profanity, offensive statements, and illegal content. Please keep in mind that we reserve the right to (but are not obligated to) edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.

By submitting a post, you agree to be bound by Bankrate's terms of use. Please refer to Bankrate's privacy policy for more information regarding Bankrate's privacy practices.
3 Comments
Holden Lewis
May 26, 2010 at 7:42 pm

Your broker called. He wants those things back.

Actually, he says you can keep the Rangers tickets.

Mark
May 26, 2010 at 7:09 pm

Should I refinance now or wait? I have a 30 year 7-1 arm now. My 7 year fix rate of 4.25% expires next year, June 2011. The arm is with Libor and margin 2.25 with the Cap of 2 and 5. My loan to value is 54% with credit 787. Loan amount 260k. I can get 20 year loan with no closing cost and 4.5%. Please reply. I need to make a decision soon although I have 12 months time left. thanks

Shnaps
May 26, 2010 at 4:47 pm

Are you saying this time around my mortgage broker isn't going to provide me with an absurdly inflated appraisal, some fake W-2's, and Rangers tickets?

Mortgage Rates
High Yield CD and MMA Rates
Other Rates