The Net Tangible Benefit Worksheet is a somewhat new form that is filled out and signed with every refinance application before it can be sent to underwriting. This document helps lenders and borrowers determine if there is a net tangible benefit for the consumer who is refinancing.

What the Net Tangible Benefit Worksheet does is lay out the terms of your new mortgage on the left side and compares it to the terms of your existing mortgage on the right side. As you can see below, the right side is left blank for you to fill in using information received from your last closing.