Refinance Planning Worksheet

My commitment is to help you make informed choices about your financing options when refinancing a home. You can help me do that by completing this brief questionnaire prior to our application appointment. There are many different ways to finance a home, but to find the best option for you we must take into consideration your long and short term financial and investment goals as well as your payment and equity objectives. During our consultation, I will work with you to outline your goals, analyze your mortgage options and then recommend several different strategies that will enable you to achieve your goals.

Complete the form below and press the submit button. Fields marked with an * are required.

First Name		*
Last Name		*
Address
Phone		*
eMail		*
Current Mortgage Information
Starting Balance:
Closing Date:
Current Balance:
Current rate:
Loan type:		--Select--FixedARMFixed Interest OnlyARM Interest Only
How many years do you plan to live in this house?		--Select--(1-3)(3-5)(5-7)(7-10)(10+)
If ARM:		--Select--2-Year3-Year5-Year6-Year7-Year10-Year
ARM Index:		--Select--6 Month Libor1-Yr. LiborT-BillMTACOFI
Type:		--Select--Single Family1-2 Unit2-4 UnitCondoManufactured
Estimated Value:
Second Mortgage Balance:
Second Mortgage Rate:
Second Mortgage Start Date:
Loan Type:		HELOC Fixed Rate
Investment Property 1
Investment Property Address:
Starting Balance
Closing Date
Current Balance
Current Rate
Loan Type		--Select--FixedARMFixed Interest OnlyARM Interest Only
If ARM		--Select--2-Year3-Year5-Year6-Year7-Year10-Year
ARM Index		--Select--6 Month Libor1-Yr. LiborT-BillMTACOFI
Type		--Select--Single Family1-2 Unit2-4 UnitCondoManufactured
Estimated Value
Second Mortgage Balance
Second Mortgage Rate
Second Mortgage Start Date
Loan Type		HELOC Fixed Rate
Investment Property 2
Investment Property Address
Starting Balance
Closing Date
Current Balance
Current Rate
Loan Type		--Select--FixedARMFixed Interest OnlyARM Interest Only
If ARM		--Select--2-Year3-Year5-Year6-Year7-Year10-Yea
ARM Index		--Select--6 Month Libor1-Yr. LiborT-BillMTA
Type		--Select--Single Family1-2 Unit2-4 UnitCondo
Estimated Value
Second Mortgage Balance
Second Mortgage Rate
Second Mortgage Start Date
Loan Type		HELOC Fixed Rate
Further Information
Purpose of Refinance		--Select--Lower RateCash-outConsolidate LoansCash Flow
If cash out, what is the estimated amount?
Purpose for cash-out
Do you want your taxes & insurance included in payment?		Yes No
What is the maximum mortgage payment you feel comfortable making?		$
How many years do you plan to live in this house?		--Select--(1-3)(3-5)(5-7)(7-10)(10+)
Realistically, how much do you expect your household income to increase or decrease in the next...? 2-Years    5-Years
Do you foresee incurring other financial obligations with the next 5 years, such as...		A new car A new baby Change in job College expense
Other future financial obligations?
Which of the following personal goals are most important to you? Please rank in order of importance to you with 1 being the most important and 5 being the least. Building your net worth 1 2 3 4 5 Having your mortgage paid off when you retire 1 2 3 4 5 If so, how many years until retirement    Moving to a larger home 1 2 3 4 5 Within   Years? Achieving financial freedom 1 2 3 4 5 Saving money to send kids to college 1 2 3 4 5 Investing in the stock market 1 2 3 4 5 Other 1 2 3 4 5 Describe other
What is most important about this mortgage to you? Please rank in order of importance to you with 1 being the most important and 8 being the least. Lowest payment 1 2 3 4 5 6 7 8 Lowest down payment 1 2 3 4 5 6 7 8 Maximize tax benefits 1 2 3 4 5 6 7 8 Paying the loan ASAP 1 2 3 4 5 6 7 8 Eliminating other debt 1 2 3 4 5 6 7 8 Lowest closing costs 1 2 3 4 5 6 7 8 Improve credit history 1 2 3 4 5 6 7 8 Other 1 2 3 4 5 6 7 8 Describe other
How would you best describe your financial philosophy?		Conservative Moderate risk taker Risk taker
Do you work with a financial advisor?		Yes No
How do you rate him/her?		Excellent Good Average Poor
Do you have life insurance?		Yes No
Do you have a life insurance agent?		Yes No
How do you rate him/her?		Excellent Good Average Poor
Do you have a preferred Insurance Agent?		Yes No
What is your preferred Insurance Agents' name?
What is your preferred Insurance Agents' phone number?
Do you prepare your own income tax returns?		Yes No
If not, Are you familiar with how the tax advantages of a mortgage work?		Yes No
Do you have a tax preparer or CPA?		Yes No
If yes, what is his/her name?
If yes, what is his/her phone number?
Is anybody helping you with your mortgage and real estate decisions?		Yes No
Do you have a tax deferred retirement plan at work?		Yes and I participate Yes, but I don't participate No
If yes and you participate, do you maximize your contribution?		Yes No
Have you put a will in place or established a living trust to protect your family's assets in the event of something happening to you?		Yes No
If yes, is it a:		Trust Will
If you have a trust, how would you rate your will/estate planning attorney?		Excellent Good Average Poor
Do you have Disability Insurance		Yes No
What is most important to you about working with a lender?		Service...Quick turn around...
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