Refinancing Checklist
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A Refinancing Checklist

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If you are refinancing:
  • And if you are bringing funds to closing, you will need a certified or bank check for closing funds of $1,000 or more made payable to you or Chicago Title. The exact amount of the funds needed may not be available until several hours before closing.  However, Chicago Title of NW Ohio and SE Michigan’s closing staff will contact you as soon as that figure is available. A good estimate can be determined by using this formula:
Calculate the Estimated Funds Needed At Closing For Refinance
 
Principal Payoff of Existing Loans   $    
Interest Due on the Existing Loan + $    
Closing Costs Estimated by Lender on Good Faith Estimate + $    
New Loan Amount -  $     
Funds Needed (Estimate)
  • A declaration page from your homeowner's insurance - showing your new lender as the lone payee.
     
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*Veterans Bridge photograph courtesy of Wikipedia.