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Mississippi Refinance Loans Refinancing Checklist
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By Jane A. Hale

Thinking about getting a Mississippi refinance loan? If the answer is yes, then you better get ready for a mountain of paperwork. Lenders will be asking you to fill out numerous applications and forms. They will also expect you to supply them with certain documentation. The following refinance checklist will go over some of the documentation and other requirements needed to apply for a Mississippi refinance loan.

Refinance Applications

Lenders in Mississippi are not allowed to give out money to everyone that verbally asks for it. This is why you can expect to fill out some sort of loan application. Though applications can vary depending on the lender, you will typically have to supply them with basic personal information, such as your name, social security number, address, and telephone number. You will also be required to indicate how much money you make, how much money you have saved, and how much you currently owe on your home.

Refinance Documentation

When it comes to Mississippi refinance loan documentation, different lenders ask for different things. However, most will require you to supply them with documentation that verifies your proof of income, such as W-2s, pay stubs, income tax returns, title reports, and a break down of your assets. If your situation calls for it, you may also be asked to submit divorce decrees, profit and loss statements, and other documentation that pertains to your finances.

No Document Refinancing

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If you are having trouble coming up with refinance documentation or if you are in a hurry, no document refinancing is permitted in Mississippi. The only problem is that lenders will consider you to be a bigger risk. This means that you will be required to pay a higher interest rate. Currently, refinance rates in Mississippi average 5.85 percent for 30 year loans. You can expect to pay at least one to two percentage points more for no documentation refinance loans.


Visit Mississippi Lending Center
to see our Top 3 Refinance Lenders Servicing Mississippi, whether you are looking for home purchase, refinance or a home equity loan.

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For additional Mortgage Refinancing information
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This entry was posted on Saturday, November 18th, 2006 at 6:13 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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