I got preapproved to refi my auto loan from Chase to my local CU. They asked for a couple of things...paystub, licencse photo, and payoff letter. They also asked for a declaration page from Progressive listing them as the leinholder...I thought that was odd to ask for before the loan closes. I called Progressive and they also questioned it. They said they could change it but that a copy would also go to Chase and could default my loan.
Is something like this common? I know you need proof of insurance and all, but I didn't think you needed the new loan company listed before the loan closes. Am I missing something?
