refinance
Refinance to lower your current monthly payment or to
use the current equity in your home.
Why refi?
There are many reasons to consider refinancing your home. Maybe you want to lower your monthly mortgage payment, consolidate debt by refinancing for a better interest rate, or tap the equity in your home for a special purchase. Whatever the reason, a conversation with a licensed mortgage expert from Bennett Home Mortgage, LLC will help you set clear financial objectives 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, so finding ways to reduce it can be helpful for your overall financial health. Bennett Home Mortgage representatives will guide you through all the benefits of refinancing your home loan.
Required documents checklist
- W-2 for the previous 2 years
- Copy of driver’s license for all borrowers
- Paystubs covering a 30-day period
- Most recent 2 bank statements on all depository accounts being used for this transaction
- Mortgage statement, insurance, taxes, and HOA for each property retained if applicable
- For Self-Employed borrowers only: the above-listed items PLUS business and personal tax returns for the last 2 years
other items that may be required, where applicable
- Final divorce decree
- Proof of child support receipt and continuance
- Bankruptcy discharge
- Copy of a green card
- Disability award letter
- SSI award letters
- Pension award and continuance letters
ANN’S TIPS:
“If you are receiving funds as a GIFT, make sure to speak with your loan officer before you take possession of the funds.”
“If your earnest money is a gift, or someone else writes the check for you (i.e. family member), that is considered a gift.
“When you are applying individually but you are married, and receive funds from your spouses individual account, that is considered a gift.”
Call us for your next mortgage
PURCHASE LOANS • HOME EQUITY LOANS • REFINANCING • INVESTMENT PROPERTIES