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PREPARING FOR REFINANCING
Below are some tips that will help you fulfill your refinancing
request in a timely, efficient manner.
Determine If Refinancing Makes Sense for You!
If you are considering refinancing your existing mortgage, the
first thing you need to do is
decide if refinancing is your best option. If you conclude
that refinancing is a good idea, you will then need to fill out the
free refinance evaluation
application. Upon completion, one of our loan officers will
evaluate your information and contact you to discuss the different
refinance offers that are available through Star Loan Services.
Note that your credit is not checked during the evaluation process.
Get Your Personal Information In Order!
In order to complete your refinancing request, we are going to need
some personal documentation. The required documents will vary
depending on the type of refinance loan program you decide to
Below is a list of the credentials that are generally needed when you
apply for refinancing. This information may not be
required from you, but it is a good idea to have them ready to ensure
a quick, hassle free loan process.
-- Proof of income - Normally, a minimum of one months,
or 30 days worth of paychecks will be needed.
-- A printout of your homeowners insurance - Confirms
homeowners insurance coverage is current and that you have adequate coverage for your home.
-- Duplicates of your W-2 forms - These
forms help confirm all of your past employment and your income
-- A list of all of your of assets - This
includes all moneys in your saving and
checking accounts, any 401K
accounts as well as any type of investments that you may have.
-- Copy of title insurance - Title insurance help prove
Star Loan Services the taxes that you pay, the names on the title of
the home and legal description of the property.
Get Your Finances in Order!
If you can payoff any
credit card debt, do it. If you have any
credit card accounts, pay them! Prepare your finances as best you can
prior to submitting an application so that you can assure yourself
that the interest rate you receive is the lowest possible!
Once you have started your refinance request, a Star Loan Services
refinance expert will inform you of which of the above information
you will need to obtain in order to achieve approval. The required
paperwork will vary depending on what state you live in and what type
of refinance product you are interested in. Again, if you are looking
to expedite your loan process, it is better to have all of the above
information in line.
Apply for refinancing!