What Documents Are Required When Refinancing Your Mortgage in Phoenix? When you apply for a refinancing loan, your lender will ask you to provide several different documents. These documents will enable them to verify your assets, your income, and your financial history. To ensure a smoother refinancing process, have the following documents ready in advance, namely your 2 most recent: ● bank statements Furthermore, if anyone else such as your spouse or partner is applying for a refinance loan with you, the lender will need to see their documentation. If you’re self-employed, the lender may require additional documentation to prove that the amount of income you’ve listed is factual. You can prepare for this by having the most current copy of your business income tax return available for the lender. In most cases, you will need to provide bank and investment account statements and current profit and loss statements as well as your two most recent income tax returns. You should be in reasonably decent shape if you’ve been self-employed long enough so that your earnings are relatively consistent. Remember, the lender will want your business tax returns as well as your personal income tax returns. https://www.google.com/maps?cid=6744959272592205627 Learn morefrom https://local.google.com/place?id=6744959272592205627&use=posts&lpsid=1998307209329077685
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About UsDesert Springs Mortgage, LLC is a mortgage lending company in Phoenix that is dedicated to making the mortgage borrowing process easier for anyone looking for ways to finance the purchase of a new home. We have a team of experienced loan originators and processors that will guide you through the whole application process from start to finish. They will also give you advice on what loan products best suits your situation and ambitions. Aside from that, we also help with loan refinancing where we can adjust the terms of your loan to suit current market conditions. For more information, give us a call today on (623) 432-1309. ArchivesNo Archives Categories |