The timeline
Application and disclosures take a day or two. Appraisal scheduling is the most common variable. Underwriting, conditions, and closing follow, and a primary residence refinance includes a three day right of rescission after signing before funds disburse.
What to have ready
Gathering these at the start removes most of the waiting.
- Recent pay stubs and two years of W2s or returns.
- Two months of asset statements if funds are needed.
- Current mortgage statement and homeowners insurance declaration page.
- Association information, if applicable.