Get Pre approved Now For Home Loan Lending
Call Today For Same Day Pre-Approval 913-485-1751
Get Pre approved Now For Home Loan Lending
Call Today For Same Day Pre-Approval 913-485-1751
Here are the most frequently asked questions I get from borrowers. Can't find what you're looking for?
If all the documentation is in order and no unexpected issues are encountered, the process from the initial contact to the refinance approval can take as little as 10 days.
1. Tax returns - You will need to fill in a Form 4506-T, and provide your tax forms (the last 2 years should suffice).
2. Pay stubs, W-2s, or other proof of income -These include your recent salary stubs. If you are self-employed you must provide two recent tax return forms as well as profit or loss forms.
3. Bank statements and other assets - This includes proof of your possessions, assets, as well as other investment assets such as life insurance.
4. Credit history - Details of your credit history, including any episodes of bankruptcies or foreclosures.
5. Gift letters - If any friend or family member wants to help you with the down payment by offering you some cash you must provide a “gift letter” which states that the money is a gift and not a loan.
6. Photo ID - Recently taken personal photo passport style.
7. Renting history - Your history as a tenant on rent to guarantee you can pay your rent bills on time.
A down payment is a type of payment, often in cash, made in the early stages of a purchase of a home. Our down payments can be as low as 3% depending on the type of loan except for the VA Loans (Veterans only), with a 0% down payment required.
A loan term is the period of time a borrower takes to completely pay off a loan when payments are made out regularly and as previously agreed by both parties.
The principal is the money that you originally agreed to pay back on a home loan or mortgage refinance.
The HOA Fees aka Home Owners Association Fees are monthly payments for the maintenance of the common areas and amenities if you live in a joint association such as a block of flats or condominium association.
Walker Capital
E Mortgage Capital, Inc. is a full-service mortgage company that offers extensive options for residential mortgages, with quick service and leading rates
Copyright © 2024 Walker Capital - All Rights Reserved. NMLS# 1042479
For information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. E Mortgage Capital, Inc. d/b/a E Mortgage Capital, NMLS# 1416824. Licensed to work in: Arizona (LO-2004024), California (CA-DFPI1042479), Florida (LO130899), Iowa (51795), Kansas (LO.0032009), Louisiana, Michigan (1042479), Minnesota (MN-MLO-1042479), Missouri (1042479), Tennessee (1042479), Virginia (MLO-26122VA)
Equal Housing Lender (NMLS consumer access: https://www.nmlsconsumeraccess.org/_)
For state requirements go to: www.emortgagecapital.com/licensing
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