The exact documentation depends on the loan program, income type, property and transaction, but this checklist covers the items borrowers commonly need to provide.
Be prepared to discuss the requested cash-out amount and any debts or obligations being paid from closing proceeds.
Payoff statements may be needed for mortgages, HELOCs or other debts being satisfied through the refinance.
Leases, rental-income documentation and information on other financed properties may be required.
Use the refinance calculator to compare the proposed payment, costs and estimated break-even period with your current mortgage.