If your in need of a loan officer, I'm always available to meet in one of our Queens branches. Good luck!
Senior Loan Officer
Sterling National Bank
Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.
Get a referral to a good, local, real estate attorney. Call the attorney, retain the attorney so you have her information handy when you make an offer. Having that information at time of offer helps you demonstrate to the Seller how serious you are, and they will consider your offer with more interest.
Line up a Home Inspector. A good home inspector will scare the heck out of you: that's what you pay him for! But you'll concentrate on the fundamentals of the property: roof free of leaks, plumbing, heating and electrical up to code and in good working order. Again, when you make an offer and you have your Home Inspector ready to go, your offer will be considered with much more interest by a Seller because you truly have your "ducks in a row" and your preparation demonstrates your serious attitude about conducting the purchase transaction in a timely manner.
Find an experienced Local Realtor who works in your desired shopping area. A serious pro Realtor will refuse to show you homes until you are Prequalified for mortgage financing. Don't take offense! That Realtor doesn't want you to be disappointed and wants you to have a smooth experience as you shop for your new home.
Put together your Team of real estate professionals and shop 'til you drop!
PowerHouse Solutions, Inc.
1010 Northern Blvd. Suite 234
Great Neck NY 11021
Licensed Mortgage Banker â€“ NYS Dept. of Financial Services
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Give me a call I will walk you through this very important step in your life!
Residential Home Funding
The mortgage rep will run your credit scores, ask about your income and debt......discuss your down payment and what types of loans are available........after compiling that information, you will then have a good idea of how the bank will view you, and how much of a loan you would qualify for.
Using that information and factoring in what property taxes are, you can come up with a reasonable price range to begin your home search.
For the names of reputable loan officers in your area, you can always ask a local Realtor...or you can even stop by an area bank that offers that service.
â– W-2 forms â€” or business tax return forms if you're self-employed â€” for the last two or three years for every person signing the loan.
â– Copies of at least one pay stub for each person signing the loan.
â– Account numbers of all your credit cards and the amounts for any outstanding balances.
â– Copies of two to four months of bank or credit union statements for both checking and savings accounts.
â– Lender, loan number, and amount owed on other installment loans, such as student loans and car loans.
â– Addresses where youâ€™ve lived for the last five to seven years, with names of landlords if appropriate.
â– Copies of brokerage account statements for two to four months, as well as a list of any other major assets of value, such as a boat, RV, or stocks or bonds not held in a brokerage account.
â– Copies of your most recent 401(k) or other retirement account statement.
â– Documentation to verify additional income, such as child support or a pension.
â– Copies of personal tax forms for the last two to three years.
Fred Yancy, Broker