1 Getting Organized 2 Pre- Qualify 3 Best Rates on Loan Programs 4 Apply for a Loan 5 Loan Approval 6 Close the Loan Getting Organized To buy or refinance You will need to provide two years W-2, one month of paystubs or two years of tax returns if self-employed. You will alsoneed 2 months of bank statements. Rental agreements and two years of tax returns will be needed if you own rental property. If divorced, provide us with a copy of the decree. Recent copies of any stock brokerage or IRA/401K accounts. For home equity loans You will need to provide two years W-2, one month of paystubs or two years of tax returns if self-employed. You will alsoneed 2 months of bank statements. Rental agreements and two years of tax returns will be needed if you own rental property. A copy of the note on your first mortgage. If divorced, provide us with a copy of the decree. Explanation of proceeds. [TOP] Pre-Qualify It is possible for you to get pre-qualified or pre-approved when purchasing a home. Pre-qualification can be as easy as a phone call away where as the pre-approval process can require more time. This process includes gathering information that verifies: Income Assets Liabilities Credit [TOP]   Best Rates on Loan Programs 1. Life of the loan If you have plans to own your home for only a few years you may want to consider a balloon or adjustable loan. If you plan to reside in your home for a longer period, you may want to look at a fixed loan. 2. Relationship between rates and points Each point is equal to one percent of the loan. Points are prepaid interest and tax deductable. The greater the amount of the points you pay the lower your rates will be. 3. Making comparisons With the many programs we have to offer you, all of which have different rates, points, and fees, choosing the right program can be difficult. Let our experienced loan officers guide you to the best rates and proper loan programs. [TOP] Apply for a Loan Click here to apply for a loan. [TOP] Loan Approval The loan approval process will begin after receiving and verifying your: 1. Application 2. Credit History 3. Employment 4. Property Value 5. Assets    • Bank accounts    • Stocks    • Mutual Funds    • Retirement accounts   Under special circumstances, additional information must be attained to improve you chances of loan approval. If this applies to you we recommend that you respond quickly to the requests of further documents. We also advise that you avoid the following situations: 1. Making any major purchases Cars Furniture (Having an increase in debt may have negative affects on your current application.) 2. Moving money into your bank account 3. Leaving town around the closing date [TOP] Close the Loan After your loan is approved be prepared to: Provide a cashier or personal check for the required closing cost. Review final loan documents. Make sure that rates and terms match what was previously agreed to. Sign the documents. Your loan will close shortly after signing. Federal Law requires three days to review documents of refinance and home equity loan transactions. [TOP]