Important Documents For A San Diego Refinance
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When homeowners apply for San Diego refinancing, they must complete an application. California home loan companies require various documents in order to approve a San Diego refinance loan. The documents that San Diego refinancing companies require may vary depending on several factors, but there are some documents that homeowners should expect to provide. In order to have the quickest and most convenient experience, homeowners should have as many required documents as possible before applying for a San Diego refinance loan. Proof of income is the most important document to include with the application.
California home loan companies typically require original copies of pay stubs for the last 30 days. Copies of W-2 forms are also usually required to qualify for San Diego refinancing. Homeowner's insurance is mandatory for a San Diego refinance loan, so homeowners must be able to verify they have current and sufficient coverage on their home.
They must have copies of asset information, as well. Proof of accounts with money for closing costs, savings, checking and 401K statements, and mutual funds or stock statements are necessary for a San Diego refinance loan. Finally, San Diego refinancing companies will probably want to see a copy of the title insurance. This helps them verify taxes, names on the title and legal descriptions of the property before making a final decision on the application. California home loan companies want to have as much information as possible, especially with the rise of foreclosures in today's real estate market.
