Today's mortgage refinance rates are great for homeowners and homebuyers alike. With current conforming loan limits higher and incentives for good credit, good income and assets, as well as 20% equity or down payment, borrowers are finding low refinance rates from their lender. What do you need to provide to your loan officer to take advantage of these low refinance rates?

Taking Advantage of Low Refinance Rates: The ABC's of a Mortgage Refinance

Preparation is the key when looking for a new mortgage. Here is what you can expect to provide when consulting with your lender on your home refinance.

• Two years of your most recent income tax returns and W-2's.

• Two current and consecutive pay stubs showing your year to date income.

• Two months current and consecutive bank and asset statements--all pages.

• A copy of your current mortgage(s) payment coupons.

• A copy of your homeowner's declaration page.

• A copy of your driver's license.

• A copy of any divorce decree that supports any child support that you are obligated to pay or that you receive as income.

• A letter of explanation for any credit report negatives that your lender will see when he runs your credit report.

By having the above information ready when you meet with your loan officer, you can expedite the loan process and move quickly toward refinancing your home mortgage and taking advantage of today's low refinance rates.