It was a couple of years since I had bought my house. The interest rates had dipped since I had taken the Mortgage. This was a perfect time to utilize refinancing options. Luckily, one my close friends is a lender. I discussed my options with her and agreed upon a refinance plan. She said she will send a list of documents that are required for the process in an email. She warned me that the list would be quite an extensive one. A day later, she sent me a professional email including her colleagues with the following list.
Hello XYZ,
As per our discussion, the following are required for Home Loan Refinance
- Last 2 Pay Stubs
- Tax Returns for current year
- W2s for last 2 years
- Homeowners Insurance
- Title Insurance
- Current mortgage statements
- Home equity loans
- Credit card Statements
- Auto loans
- Student loans
- Checking Account Statements
- Savings accounts Statements
- Stocks and Bonds
- Mutual funds and CDs
- 401K statement for past 2 years
- A Pound Flesh
- Your First Born
- Our real estate logo as a tattoo of allegiance *
Regards
ABC
Not to be outdone, I replied:
Hello ABC
I am working through the list of documents and should have everything consolidated and sent to you shortly. I do not wish to add any delays to the process and am currently on my way to get the tattoo. Are you sure that you don’t want me to sport a Mohawk? I believe the last person I spoke to had mentioned that it is needed for processing refinance loans. Awaiting your response
Regards
XYZ
* Anyone who has had to refinance their homes will know that the list of documents required is slightly more extensive than this. If you are in USA on a Visa of some sort, more documents will be required.
** This did not happen to me. It is a slightly modified version of what happened to my friend. Thanks to JG for letting me write his story.
*** If you did not get it, look at the list of documents numbered 16-18.
😀 😀 every dream has a price 😉