2 months, bank statements, credit report, 2 yr tax returns, copy of credit report, mortgage statement. and what else? also, the realtor that referred me will make any money off my refi? if i do decide to use that lender? if so, how much?
thanks
2007-09-27 11:24:42 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Forget the credit report. They won't accept one you bring and will run that themselves. The rest of you list sounds normal. The ONLY place to get an accurate answer is from the lender. They each decide for themselves what they want.
2007-09-27 13:40:50 · answer #1 · answered by STEVEN F 7 · 0⤊ 0⤋
For a typical Refi in Texas, you will need 3 tax returns as you said, proof of who you are, current insurance information, SSN Card and it would be helpful if you took your paperwork from the last financing like your old loan papers, the appraisel and a survey if you've got one. They will insist on pulling a fresh credit report and they will not give it to you. So, like you said, get your own.
I would also take a set or two of the completed loan applications and any networth data. At least write down your debts, account numbers and any other assets that you own like land, rent homes, savings, 401k, IRA, etc.
You may not need all of this but I took it to our last refi and it made the process go smoother.
We did not use a realtor for our refi as I called the bank directly. I would be very interested in hearing the final verdict. Please post your comments after you know.
We paid a set fee for the refi. The realtor thing is difficult to answer. Sorry that I couldn't help with this part.
2007-09-27 18:45:52 · answer #2 · answered by sfuller94 3 · 0⤊ 0⤋
I thought they could pull it ALL up on-line with your SSN .
Maybe not the bank statements , though , if the lender is Not your bank .
We have no way of knowing if your Realtor & the lender have a side deal , how would we ?
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2007-09-27 18:29:10 · answer #3 · answered by kate 7 · 0⤊ 0⤋
Usually in California, the Realtor refers as he/she will gain future business from that company you go to.
Most refinance companies want 12 month's bank statements. Make sure your mortgage statement is current.
That sounds like it. At least to get it started.
2007-09-27 18:33:48 · answer #4 · answered by MaryBerry 3 · 0⤊ 0⤋