what is needed to refinance a home

HARP Loans – Home refinancing offered through the Home Affordable Refinance Program (HARP) requires no minimum credit score to qualify. Interest Rate Reduction Refinance Loans from the VA – If you have a VA loan already, an IRRRL may help you refinance to a lower rate with "no appraisal and no credit underwriting package." The bottom line

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 · The 7 Types of Documents You Need for a Refinance. Title insurance, to help your lender to check the taxes, the names on the title, and the legal description of the property. 3) Credit information: You’ll need a recent credit score and credit reports. 4) Monthly debt load: While your lender will be able to see your debts during a credit check,

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What is needed to refinance – answers.com – There is a lot of documentation needed in order to refinance a home loan with riverside mortgage. You will need the details of your first mortgage, as well as proof of current income and liabilities.

Your eligibility for a home refinance depends on a ton of factors. Things such as your credit score, your debt-to-income (DTI) ratio and the ratio of your mortgage divided by your home’s value (loan-to-value ratio, or LTV ) after refinancing affect your eligibility and your interest rate.

"In the past, if you had a cash-out mortgage or any kind of home equity loan you wanted to refinance, you needed to refi using the same type of Texas cash-out refi loan.

When does refinancing a home not make sense? – You don’t need to refinance with those numbers. My wife and I are completely debt-free, and we have a full emergency fund in place. We bring home around $110,000 a year combined, and we are both.

What Credit Score Do You Need to Refinance a Mortgage? – What Credit Score do You Need to Refinance a Mortgage? Whether you are refinancing a VA Loan or a traditional mortgage, one of the most common questions homeowners face when looking to refinance their mortgage is what credit score they need to qualify for a refinance loan. Unfortunately, the answer isn’t as easy as the question.

How to Refinance a Mortgage – You now owe $70,000 for a home worth $250,000. Suppose you needed $40,000 for remodeling projects. So you decide to refinance a mortgage for $110,000 (the balance you owe plus the amount you need for.