To expedite the mortgage loan process, have the following items available: Information on all assets—401(k), cash deposits, Term Certificates, etc. W2s from the last two years Signed federal tax returns for the last two years (with schedules if you are self-employed or received rental income) List of current debts to include: credit cards, child support, auto loans, installment debt, etc. Two most recent pay stubs Most recent property tax bill (if available) Most recent mortgage loan statement Copy of your current homeowner’s insurance policy
Your first mortgage payment is usually 30 days after closing. The actual date of your first payment will be included in your closing documents.
Is my loan-to-value (LTV) ratio less than 80%? Your LTV is the relationship between the current outstanding balance of your loan and the collateral’s value. This relationship helps us decide how much you can borrow. This can be applied to any loan type that is tied to a piece of collateral. If we are talking about home loans, for example; A HELOC is a Line Of Credit drawn on the Equity built as a home appreciates in value and is being paid down with monthly payments. You may be eligible for a line of... Read More
We offer many options to make your equity work for you with great rates. For a full list of our mortgage products click here.
Even though C·U·D does not offer First Mortgage to purchase a home, we are proud to team with Centennial Lending.