Mortgage Process
 Step
1
Apply for your Loan
In
just a few minutes, we can complete a loan application over the
phone or in person. I can help you find the right mortgage for your
specific situation, as well as determine how large a loan you can
afford based on your current income, monthly obligations, and assets.
At this time, a credit report will also be ordered for each of the
applicants to review payment history.
I highly recommend that you contact me for a pre-approval before
beginning the search for your new home. With a loan commitment in
hand, you will know how much you can afford to pay and, as a pre-approved
borrower, you will have greater negotiating power.
To make applying for your loan a smooth process, I suggest that
you have the following information available for each applicant
when we talk:
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Personal information, such as social
security number(s), full name, employment information, etc. |
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Previous two year’s W2 forms and most recent
pay stub. |
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Previous two-year’s tax returns or business
returns if self-employed. |
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Monthly account statements for bank and brokerage
accounts. |
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Monthly obligation information, including any monthly
contractual obligations that may not appear on your credit report,
such as a car payment, outstanding credit card debts, alimony or child
support. |
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Current monthly mortgage statement if you already
own a home. |
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Plus, if you have already selected
a property, the following information will be helpful: |
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Property information, including property address,
county, property type and the estimated market value or purchase price. |
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A signed sales contract. |
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Homeowner’s insurance statement or an estimate.
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Condominium or homeowner’s association dues
or an estimate. |
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Real-estate tax bill if you already own a home. |
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