Utah Mortgage Refinance

Is it time to take care of your Utah Mortgage Refinance?

Applying for your mortgage refinance should be a straight forward and simple process. Whether you are applying for your Utah refinance with a Salt Lake City mortgage broker or Ogden based bank, they will likely ask you for the same information. They will need to collect items such as your name, date of birth, social security number, property information, employment history, assets, and income information to name a few. The typical application takes no longer than 15-20 minutes depending on the number of borrowers applying for the mortgage loan.

The loan officer helping you with your application will also need to check your credit report to determine your qualifying credit score, obtain liability information, and also address other concerns such as collections, judgments, and bankruptcy or forclosure should they apply. If there is anything you might think would cause your Utah mortgage refinance application to be denied, you should bring that to your loan officer’s attention before you start the application process. If you are applying for a conventional or FHA loan in Utah that requires full documentation of income, assets, and employment history, you will want to have the following documents available for your loan officer.

- Two years W2’s
- Most recent paystubs covering 1 months earnings
- Two most recent bank statements
- 2 years personal and/or business tax returns (if you are self employed)
- Business license (if you are self employed)

There are several loan types that require different levels of income, asset, and employment documentation. Some borrowers, depending on credit score and loan characteristics, may not need to provide much if any of the above items. There are many loans you may be unaware of that can be explained to you by your mortgage broker during the application process. If you are ready to apply for your mortgage, please click below. A UtahMortgageNetwork.com approved mortgage broker will contact you shortly to assist you with your mortgage refinance.