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Nicolas Romo |
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(714)
231-3772 |
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Lic.
# 01787685 |
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Hablo Español |
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| The home loan process can be as complicated or
as simple as you make it. First off, make sure you
find a professional and knowledgeable home loan
consultant to help you choose the best home loan
solution for your specific situation. Interview
several home loan consultants to make sure there is
a match and to make sure you choose someone you will
very comfortable working with. Secondly, ask as many
questions as possible, especially if you don't
understand any step of the home loan process; don't
ignore or leave anything to chance. The only
ridiculous question is the one that is not asked.
Finally, follow these seven home loan steps and, of
course, the professional advice of your home loan
consultant. Good luck with your home loan search. |
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Your Personal & Home Loan Documents |
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Buying or
Refinancing |
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If you
are salaried, provide two years(2) W-2 and
one(1) month of check stubs. If you are
self-employed, provide two years tax returns
and a YTD profit and loss statement. |
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If you
own rental property, please provide all
rental agreements and two years tax returns. |
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If you
want to expedite the approval process,
please also provide three (3) months bank
statements for each bank, stock and mutual
fund account. |
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Provide
recent copies of any stock brokerage or
IRA/401K accounts that you may have. |
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If you
are requesting a cash-out refinance, please
submit a letter of explanation detailing
what you plan to do with the capital
obtained from the refinance. |
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If
applicable, please provide a copy of your
divorce decree. |
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If you
are not a United States citizen, please
submit a copy of your green card –both
sides. If you are not a permanent resident,
provide us with your H-1 or L-1 visa. |
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Applying for a
home equity loan (HELOC) |
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If you
are salaried, provide two years W-2 and one
month of pay stubs. If you are
self-employed, provide two years tax returns
and a Year-to-Date (YTD) profit and loss
statement. |
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If you
own rental property, please provide all
rental agreements and two years tax returns. |
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Please
provide a copy of the note on your first
mortgage; you can typically find it in your
closing loan documents. |
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Please
provide a signed letter explaining how you
plan utilize the proceeds. |
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If
applicable, please provide a copy of the
divorce decree. |
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If you
are not a United States citizen, provide us
with a copy of your green card (both sides).
If you are not a permanent resident, provide
us with your H-1 or L-1 visa. |
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Note:
Most borrowers go directly to their bank to
obtain a HELOC, as opposed to using a
mortgage broker |
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