MORTGAGE REFINANCE WORKSHEET - First Bank and Trust

MORTGAGE REFINANCE WORKSHEET

Information and Documentation You Will Need

Where you can get this information

CREDIT HISTORY

Credit Score and history Bankruptcy Discharge and schedule of creditors

You can get your credit report and history from

Letter(s) of explanation for credit issues for: Late payments, collections, liens Gaps in employment

Borrower prepared or if error, statement from creditor or credit bureau verifying correction.

Gaps in employment should be explained in a separate letter.

CURRENT MORTGAGE

Current mortgage information Interest rate Principal Balance (how much do you currently owe? Maturity Date

Mortgage Statement Original Mortgage Loan paperwork Coupon book

Estimated home value Homeowner insurance declaration page/

Local tax assessor

Insurance company, original mortgage documents, insurance company online

INCOME and ASSETS - DEBTS

Two recent pay-stubs

Employer provided (paystubs)

Tax Documents W2 for wage / salary earners (two years) If self-employed, proof of self-employment (2 years) Two most recent personal tax returns with all schedules Two most recent business tax returns / financial statements (if applicable)

Employer can provide Tax Returns / Tax Preparer Business license, proof of insurance,

accountant letter

Award Letter or proof of receipt for: Social Security Pension

Assets ? list of assets with accompanying statements Bank Accounts Retirement plans Investment account statements

Online at or call the local Social Security office

Bank statements showing regular deposits

From Financial Institution or from online banking program. Include all pages

From retirement or investment plan administrator or online program

Homeowner Association documentation

HOA - Name and phone number

Other Income / Expense Items Divorce Decree?if you pay/ receive child support/ alimony (if using to qualify for loan) Debts that do not appear on credit bureau

Original document Copy from county clerk's office Note or agreement to repay debt owed Billing statements for debts owed

Your FBT Mortgage Loan Officer can review your checklist and documentation, provide guidance, and answer your questions.

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