Mortgage Process

We aim to prepare you for the entire mortgage process. If these resources don’t answer your question please feel free to call with any questions about the mortgage process.

  • Refinance Check List

    Refinance Information: Property address: Purchase date: (month & year) Purchase price: Estimated value: 1st mortgage balance: Rate: Payment: 1st mortgage type & term: (ex: 30 year fixed, 15 year fixed, 5 year ARM, etc.) Do you have a 2nd mortgage or equity line of credit? If yes, what is the balance? Homeowner’s insurance annual premium: […]

    Read More

  • Efficient Mortgage Process

    Be sure to respond promptly to requests for information while processing is taking place. Be prepared to provide the following typical items: The final purchase contract for the house (if applicable). Pay stubs for each applicant, showing earnings for the last 30 days and year-to-date earnings. (These must be computer-generated or typed originals that identify […]

    Read More

  • Initial Meeting with a Mortgage Professional

    The loan approval process generally begins with an initial interview where the prospective home buyer and the mortgage professional meet to discuss the potential loan. You will need to bring information to verify your income and long-term debts. Often people prefer to meet with the mortgage company before house hunting to determine in advance what […]

    Read More

  • Mortgage Checklist

    Getting pre-approved is simple and only takes a few minutes. Here is the information that you need to have ready to make the process quick, easy and painless. Name, Social Security Number, Date of Birth, Phone Number & Email Address Addresses for the places you have lived for the past 2 years Current Employer: Name […]

    Read More

  • Key Factors in Qualifying for a Mortgage

    Collateral, Credit, Capacity  The 3 C’s of underwriting. In attempting to approve home buyers for the type and amount of mortgage they want, mortgage companies look at two key factors: the borrower’s ability and willingness to repay the loan. Ability to repay the mortgage is verified by your current employment and total income. Generally speaking, […]

    Read More