Home owners across the country refinance everyday to either get a
lower rate or pull cash out for various reasons. Many use local banks,
credit unions and mortgage brokers. However many people often choose to
use large national banks for their loans because of great low rates.
Wachovia refinance home loans are among the more popular choices.

Negatives Of The Big Banks

But
because large corporate banks are generally located in another city you
will have to fax or mail your documents to them. This can add unwanted
time to the process and can sometimes get frustrating. But by gathering
the required documents ahead of time you can have the same fast and
pleasant home loan experience you would get from a local bank.

When
you are applying for your Wachovia home refinance loan your mortgage
officer will in most cases give you a checklist of required documents
to send them. If for some reason you are not provided with this list
the following list should help you.

Documents Needed For a Fast Home loan

Most Recent Pay Stub-
This will allow the bank to verify income and employment. Supply this
information for both borrowers that intend to be on the mortgage.

Home Owners Insurance Information-
This will make it easier for the bank to change the mortgagee clause on
your loan. The clause basically states who gets paid by the insurance
company in the event of property loss.

Last two years W-2- Again supply this for both borrowers as it will help determine income levels and debt to income ratios.

Financial Account Statements-Supply
copies of any recent bank statements, 401K or retirement accounts. This
will show the lender your amount of reserves and help determine your
eligibility for the loan you want.

Landlord Contact Info-
If you rent supply the name and number of your landlord. The lender may
want to contact them to check n your rent payment history. This only
required for purchase transactions.

The above list covers the
basic information needed to pre-approve most Wachovia refinance home
loans. Keep in mind that your loan officer may however ask you to send
additional documents that have been requested by the loan underwriters.

For more Tips For a Better Mortgage Refi Experience and useful Money Saving Mortgage Tips log onto http://www.mkemortgage.net