Documents Needed to Refinance a Mortgage

••• Stockbyte/Stockbyte/Getty Images

Related Articles

Refinancing a mortgage can help lower monthly payments and interest rates. An initial mortgage usually requires more documentation and paperwork than refinancing a mortgage, but you'll still need to provide several documents to the lender to complete the refinancing process.


Most lenders require proof of income to refinance a mortgage. Some lenders only ask for pay stubs from the last 30 days, while others may require other documentation, such as the contact information of employers from the last two years or pay stubs for the previous two months or more. If you are self-employed, be prepared to show year-to-date profit-and-loss statements and balance sheets. Other forms of income you can show for refinancing qualification typically include pensions, dividends, child support, alimony, bonuses, rental property income, and Social Security or disability payments. For these income sources, provide legal documents and statements dating back at least two months.


Lenders will generally want to see a copy of your current homeowner's insurance policy. This proves there is current and sufficient coverage on the home. Also have a copy of your title insurance ready to show the lender. This helps the lender verify the legality of the title, including the names and the legal description of the home and land.


Provide W-2 forms from the previous year to verify past income history and employment status. Self-employed individuals should show signed tax returns from the previous two tax years.

Asset Information

Mortgage refinancing lenders usually want to see verification and documentation regarding other assets. You may need to provide bank statements for checking and savings accounts, individual retirement accounts and 401Ks. Some lenders also ask for documentation for mutual funds, stocks, bonds and other securities, such as life insurance policies.

Other Documents

Provide a copy of your government-issued ID and proof of your Social Security number when applying to refinance a mortgage. Lenders will also keep a copy of the recorded deed to the property on file. If you were a full-time student during the past two years, you may need to show college transcripts or a copy of an earned degree to complete the refinancing process as well.