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I offer a wide variety of types of loans and rates that are most competitive. As these change daily, it is best to call or email to get info on a current program or rate. I will respond to you very quickly.
THE LOAN PROCESS
Below is an outline to do list which can be used facilitate securing your mortgage
- Get pre-qualified or get pre-approved.
- Determin the type of mortgage that best suits you.
- Complete Loan Application.
- Discuss with your loan officer the needed paperwork and documentation (loan materials) via an interview session either over the phone or in person.
- Review the Loan Interview Materials checklist below.
- Within 3 days of the loan application, receive good faith estimate, truth in Lending disclosure, and other applicable loan disclosures.
- Loan submitted for review.
- Loan approved
- Remaining underwriting conditions satisfied.
- Close.
MATERIALS CHECKLIST
To prepare for your information gathering meeting/discussion with your loan officer, please review this a Materials Checklist. Doing so will facilitate your working with your loan office on your mortgage. This checklist includes most of the information that you and any co-borrower will need to supply.
- Social Security Number/Date of Birth
- Paycheck: Most recent pay stubs(s) that show year-to-date earnings
- W-2 Tax Forms
- Original copies sent to you by the Internal Revenue Service for the past two years
- Employer Information
- Names, addresses and telephone numbers of employers for the past two years
- Account Information
- Account numbers and current balances of checking, savings and any other accounts
- Current Assets
- Individual Retirement Accounts (IRAs), CDs, stocks, bonds, etc.
- Personal Property
- Value of property that can include life insurance, retirement accounts, cars, etc.
- Liabilities
- Auto loans, student loans, credit cards and other debt. Provide name and address of each creditor and the monthy payment and total amount due.
- Current and Previous Addresses
- If you own a home: Bring the property address, current market value, mortgage lender name, account number, currently monthly mortgage payment and outstanding mortgage balance.
- If you are renting: Bring the property address, name and address of the landlord, current monthly rent and previous address/landlords if you've lived in your current address for less than two years.
- Agreement to Purchase
- A signed copy and any amendments, a copy of the listing form for the property, the legal description of the property, and the recipients of for down payment deposits.
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