The Complete Mortgage Refinance Checklist (Documents & Steps)
·6 min read
Refinancing involves a lot of paperwork, but it doesn't have to be overwhelming. Use this checklist to gather everything before you apply so the process moves in 30–45 days instead of 60+.
Documents to gather
Income
- Last 2 pay stubs
- Last 2 years of W-2s
- Last 2 years of federal tax returns (all schedules)
- If self-employed: 2 years of business tax returns and YTD profit & loss
Assets
- Last 2 months of statements for every checking, savings, and investment account
- Most recent retirement account statement
Property & current loan
- Current mortgage statement
- Most recent property tax bill
- Homeowners insurance declarations page
- HOA statement (if applicable)
Identity
- Driver's license or government ID
- Social Security number
The 7 steps from application to closing
- Set your target rate. Decide what rate makes refinancing worth it for you.
- Shop 3+ lenders. Get Loan Estimates within a 14-day window.
- Lock your rate. Typically 30–60 days; longer locks cost more.
- Submit your application + documents. Respond to underwriter requests within 24 hours.
- Appraisal. Most refinances require one ($500–$800).
- Clear to close. Underwriter signs off; you receive a Closing Disclosure 3 days before closing.
- Sign and fund. 3-day rescission period applies on primary residences.
Common closing costs
- Origination fee: 0.5–1% of loan
- Appraisal: $500–$800
- Title insurance: $700–$1,500
- Recording & transfer: $100–$500
- Prepaid taxes & insurance escrow
Pro tips
- Don't open new credit cards or finance a car during underwriting — it can derail your approval.
- Ask each lender for the APR, not just the rate. APR includes fees.
- Negotiate the origination fee. It's often the most flexible line item.
Ready to start? Set your alert and we'll let you know the day rates hit your target.