Refinance Documents Needed

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Documents Needed to Submit a Refinance Mortgage Application


 

When a loan application is submitted, supporting documents must be submitted at the same time to verify the information listed on the application.  The paperwork needed varies by application type.  Below is a list of the supporting documentation that must be submitted for each loan type:

 

Documents Needed

  • Copies of the pay-stubs documenting most recent 30 days and showing Year-to-Date income (if you are currently employed)
  • Copies of the last 2 years W-2’s (if you are currently employed)
  • Copies of the last 2 years’ tax returns (Please sign page 2 at the bottom using ink.)
  • Copies of the most recent bank statement covering two full monthly banking cycles (Internet transaction histories cannot be substituted in lieu of bank statement copies.) (Please do not redact any information on the statement as Underwriters will not accept redacted bank statements)
  • A copy of the most recent IRA, 401(k), pension or retirement statement(s)
  • A copy of your California Driver License or photo ID for non-driving Borrowers (for all Borrowers applying)
  • A copy of your Social Security card (for all Borrowers applying)
  • A copy of your current mortgage statement
  • A copy of the declarations page for your existing homeowner's insurance policy (the page showing your coverage limits and premium)
  • Borrower's Authorization Form (This document can be downloaded in the Documents section on our website)
  • Divorce Decree or court order to document child support and or alimony received or paid (if applicable)
  • Complete Bankruptcy Papers Including all Schedules and a Copy of the Discharge of Debtors (if applicable)
  • Additional income documentation if received (e.g. mileage, auto allowance, etc.)
  • If your income increased by more than 30% from last year to this current year please write a letter of explanation.
  • If your income decreased by more than 10% from last year to this current year please write a letter of explanation.

 

Additional Documents Needed for Self-Employed Borrowers

  • A copy of your business license
  • A letter from your CPA or accountant stating you are self-employed and have been for at least two years
  • A current profit and loss statement generated by your CPA or Accountant

 

Additional Documents Needed if You Own Additional Real Estate

  • A copy of the most recent mortgage statement (for each property owned)
  • A copy of the property tax bill (for each property owned)
  • A copy of the homeowners insurance declaration page (for each property owned)
  • A copy of the Homeowners Association bill (for each property owned if applicable)
  • A copy of the of rental agreement you have with any tenants (for each property owned if applicable)

 

Additional Documents Needed if You Receive Social Security or Disability Income

  • A copy of the most recent mortgage statement (for each property owned)

 

Additional Documents Needed if You Have A California HERO or Pace Loan

  • A copy of your loan paperwork

 

 

 

Cornerstone Mortgage

MAIN OFFICE:
5940 S. Rainbow Blvd., Suite 201
Las Vegas, NV 89118
(702) 840-1500
NMLS ID 340311
NV: DML License: 4814
CA: DOC License: 60DBO86761
CA: DRE License: 01848420

NEVADA:
5940 S. Rainbow Blvd., Suite 201
Las Vegas, NV 89118
(702) 840-1500
NMLS ID 340311
NV: DML License: 4814
CA: DOC License: 60DBO86761
CA: DRE License 01848420

CALIFORNIA:
1500 Standiford Ave., Suite A1
Modesto, CA 95350
(209) 578-9000
NMLS ID: 1741490
CalDRE License: 01848420

200 Tampa St.
Turlock, CA 95382
(209) 633-3222
NMLS ID: 1739798
CalDRE License: 01848420

HAWAII:
91-110 Hanua St., Suite 201
Kapolei, HI 96707
(808) 784-1239
NMLS ID: 1669660
HI: MLOC Liense HI-340311

Legal

Cornerstone Equity Group, Inc., dba Cornerstone Mortgage is an equal opportunity lender.

Nationwide Multistate Licensing System (NMLS) ID: 340311. Additional NMLS branch licenses: 1739798, 1741490, 1669660.

Cornerstone Equity Group, Inc., dba Cornerstone Mortgage is licensed by the Nevada Division of Mortgage Lending, license number 4814.

Cornerstone Equity Group, Inc., dba Cornerstone Mortgage is licensed by the California Department of Corporations under the Residential Mortgage Lending Act and Finance Lenders Law. CA Finance Lender #60DBO86761.

Cornerstone Equity Group, Inc., dba Cornerstone Mortgage is licensed by the California Department of Real Estate, License number 01848420.

Cornerstone Equity Group, Inc., dba Cornerstone Mortgage is licensed as a Mortgage Loan Originator Company by the Hawaii Department of Commerce and Consumer Affairs, license number HI-340311.

Any concerns, complaints or suspicions regarding the misuse of any personal data should be directed to our Operations Manager by telephone at (702) 780-1500 or by email at admin@cornerstone.us.com.