Checklist: When Does Refinancing Make Sense? The Break-Even Test

Print this page or keep it open while you talk with lenders. These questions relate to the guides on this site.

  • Who needs to be on the new loan?
  • Which documents prove my current income?
  • Is a refinance required, or can I keep the existing loan?
  • How do support payments affect qualifying?
  • Should I talk with an attorney or tax professional first?

Before any application

  • Verify the lender and loan officer on NMLS Consumer Access.
  • Ask for a Loan Estimate and compare it with at least one other.
  • Never send documents or wire funds based only on an email request.

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