Refinancing Documents and Paperwork

Refinancing your home loan is a big decision and should be approached carefully after you have done research.

There are many reasons why someone might consider refinancing their property. One of the most popular is lowering the interest rate to reduce monthly repayments, however, people may also wish to access equity in order to buy an investment property, renovate or perhaps put in a pool.

Before you commit to another loan or lender, be sure that refinancing will achieve your desired outcomes and that the benefits outweigh the costs.

As your LMI Group broker, I can help make the process of refinancing your mortgage a lot less confusing. I’ll be able to answer any questions you have about refinancing and crunch the numbers on various options for you. I can file any paperwork necessary to transfer your loan to a new lender or refinance it.

You can get a better deal on your home loan by refinancing. Talk to your local My LMI Group broker for more information.

What documents are required to refinance?

After meeting with your My LMI Group broker, you’ll have a better idea of what’s possible in terms of refinancing. Your broker will provide options from a choice of loans or lenders and then help with the application process and notify you of any paperwork and documentation required for the loan you prefer.

When you refinance, you will be expected to provide much of the same information you provided when you originally applied for your home loan.

A lender generally want to see the following documents:

• Driver’s license, passport or birth certificate
• Proof of your income
• Your current home loan statement
• Records of living expenses
• Records for other assets