There are many reasons to consider refinancing your home.
Maybe you want to lower your monthly mortgage payment, consolidate debt by refinancing.
Or tap the equity in your home for a special purchase.
A talk with a licensed mortgage advisor from Home Right Lending will help you set clear financial objectives in order to choose the most appropriate refinance package for your home loan.
The interest paid on a mortgage will typically be your biggest expense as a homeowner.
Home Right Lending representatives will guide you through all the benefits of refinancing your home loan.
Here’s what you’ll need to apply for a refinance loan:
Typical Timeline:
- Usually completed within 4 weeks
Closing Costs:
- Typically range from 0% to 3% of the loan amount
- “No cost” refinance options may be available
- W-2 forms from the past 2 years
- Pay stubs covering the most recent 30 days
- Two most recent bank statements for all accounts
- Homeowners insurance details (agent’s contact or declarations page)
- Personal tax returns for the last 2 years
- Business tax returns for the past 2 years
- Business licenses covering a 2-year period
- Year-to-date profit and loss (P&L) statement
- Final divorce decree
- Proof of child support received and ongoing
- Complete bankruptcy filing
- Bankruptcy discharge papers
- Copy of Green Card
- Copy of EAD
- Copy of Social Security card
- Disability award letter
- SSI award letters
- Pension award and continuance letters
Refinancing your mortgage is straightforward with Pacific National Lending. We guide you step-by-step, ensuring you understand each stage from application to closing.
📞 Connect with your Mortgage Loan Originator to discuss your refinance goals and options.
📋 Begin gathering the financial documents needed for your refinance application.
🔍 Review your current mortgage details and clarify what you want to achieve—lower payment, cash out, or shorter term.
✅ Helps you complete your refinance application.
💰 Explains your new loan options, estimated payments, and potential savings.
📊 Reviews available programs such as Conventional, FHA, or VA refinance.
📑 Provides a checklist of required documents upfront.
🙋♂️ Answers your questions and keeps you informed throughout the process.
🔎 Reviews and organizes your documents for underwriting.
🤝 Coordinates with third parties such as appraisers and title companies.
📬 Communicates with you about any additional documents needed to keep your refinance on track.
🧾 Carefully reviews your loan file to ensure it meets all lending guidelines.
🔁 May request clarification or additional documentation if needed.
🖊️ Issues the official approval and any final conditions for your refinance to close.
📦 Prepares your closing package and sends it to the title or escrow office.
🔐 Ensures all documents are accurate and ready for a smooth closing.
📞 Contacts you to confirm details, including proof of Homeowners Insurance.
🧾 Prepares your final Settlement Statement (Closing Disclosure).
💬 The Processor reviews final figures and the total funds needed for closing, if applicable.
📝 Meet at the title office (or sign remotely, if available) to complete your refinance paperwork—bring your ID!
💵 Bring a cashier’s check or arrange a wire transfer if funds are required at closing.
🧾 Provide proof of Homeowners Insurance, if requested.
🎉 Congratulations! Your refinance is complete. Enjoy your new mortgage terms and savings!
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