What Are Closing Cost?
What is a Rate Lock?
Lock or Float?
What is PMI?
Pre-qualified or pre-approved for a loan?
How is PMI calculated?
What is a credit score?
How do I pull together a mortgage down payment?
What is a Balloon Mortgage?
What is a Good Faith Estimate?
What is a Reverse Mortgage?
What does APR mean?
What documents do I need to apply for a Mortgage?
Mortgage Broker vs Mortgage Banker
What is an Interest Only Mortgage?
How do you calculate LTV?
When Should I Pay Points?
FAQ: What documents do I need to apply for a Mortgage?
If you are Purchasing or Refinancing a home, you will need these documents for your mortgage application
provide 1 month of paystubs & last 2 years W-2's OR
: provide last 2 years Federal tax returns and a YTD profit and loss statement.
If you own
, please provide rental agreements and 2 years tax returns.
3 months bank statements
for each bank, include all pages.
Provide most recent Quarterly statement for all
(IRA, 401k, retirement, etc).
: please provide a letter explaining what you plan to do with the cash proceeds.
Provide a copy of divorce decree if applicable.
Copy of state issued identification (driver's license or state id) If you are NOT a US citizen, provide us with a copy of your green card (front & back) or, if you are NOT a permanent resident provide us with your H-1 or L-1 Visa.
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