2. Get Qualified- Your loan is run through a complex online loan approval system to tell us--within seconds--whether you are qualified for a particular loan or not. You won’t have to wait weeks to know an answer. Of course, the final decision always rests with a human Underwriter, who will review your loan file including credit history, financial standing, property value, etc. amongst other factors.
3. Shop Loan Rates & Programs- If there’s a loan program you qualify for; we will find it, no matter what current financial situation you could be facing.
4. Apply for a Loan- If there’s a loan program you qualify for, we will find it, no matter what current financial situation you could be facing.
5. Processing- If there’s a loan program you qualify for, we will find it, no matter what current financial situation you could be facing.
Required Documents Checklist
-Asset statements covering the most recent 90 day period (last two months or most recent quarterly statements). *All pages of each, regardless of content, for the following:
o Retirement Accounts (IRA/Pension statement)
o Brokerage Accounts
o Other Asset Accounts
-2 recent pay stubs showing 30 days, year-to-date income
-The past 2 years of W-2s/Tax Returns (both personal and business), including all supporting schedules (2010 and 2011)
-Legible copies of your driver’s licenses and social security cards
-Current homeowners insurance deck page, including contact information for insurance agent for both homes
-Current mortgage statement for any financed properties
-Current HOA statement for any properties
*Refinance transaction should also include the following:
-Copy of original mortgage note (should be in your closing loan package from when you purchased the home)
-Current copy of your owner’s title policy (should also be in your closing package from when you purchased the home)
-Current copy of your survey (not applicable for condos)
Bay to Bay Lending is based in Tampa, Florida. The company has a team of mortgage brokers ready and willing to assist you with any of your loan needs. To reach Mortgage Loan Originator Marc Hutchison, contact him directly at (813) 489-5566 or reach out to him via email: firstname.lastname@example.org. With today’s interest rates at an all-time low, it is important to lock in today. Visit us on the web at http://www.baytobaylending.com and use our free mortgage loan calculators to see if it is a good time for you to refinance your home.