HAVING THE RIGHT TOOLS:
As a home owner, you never know when you might find yourself needing to make some minor repair, whether it’s fixing a leaky faucet, unclogging a toilet or changing out a broken light. Having the right tools at your disposal is crucial to successfully completing these tasks and analyzing the Right Program for you and your Home.
Since everyone’s financial situation is different, how do you know you’re getting the right mortgage strategy? Most people that have some form of investment or retirement account understand the need to manage their account differently throughout their lives. You need to look at your mortgage the same way. Your mortgage is the financial tool that is tied to one, if not your largest asset. Having the same mortgage strategy your entire life is not always the best financial decision.
CALCULATE YOUR PAYMENTS:
A mortgage calculator is, by principle, software which can help people, who are deciding on availing a mortgage, figure out exactly what kinds of payments they would have to make in order to fulfill the financial requirements stipulated by the mortgage they are considering. The core purpose of this software is to help all those people thinking of considering a mortgage deal with all the various calculations they would have to do.
The right mortgage has to have the right monthly payment for your particular financial situation. The mortgage payment calculator is a simple way to make sure that you’ve got a match. It calculates your potential monthly payment by computing parameters related to loan and property information. It also takes into consideration tax and insurance information. Input these numbers and you’ve got quick estimate of whether or not the loan is in your budgetary ballpark.
Purchase documents. Refinance documents.
Each application is different and you may be required to provide additional documentation. Your cooperation and patience will help speed up the application process.
Your Federal Income Taxes for the past 2 years • Copies of your pay-stubs for the most recent 30-day period and year-to-date • Copies of your W-2 forms for the past two years • Names and addresses of Employers
If self-employed or receive commission or bonus, interest/dividend, or rental income: • Provide full tax returns for the last two years PLUS year-to-date Profit and Loss statement (please provide complete tax return including attached schedules and statements. If you have filed an extension, please supply a copy of the extension.)e • K-1’s for all partnerships and S-Corporations for the last two years (please double-check your return. Most K-1’s are not attached to the 1040.) • Completed and signed Federal Partnership (1065) and/or Corporate Income Tax Returns (1120) including all schedules, statements and addenda for the last two years. (Required only if your ownership position is 25% or greater.) If you receive Social Security income, Disability or VA benefits: • Provide award letter from agency or organization
Complete Debt or Obligations • Prepare a list of all names, addresses, account numbers, balances, and monthly payments for all current debts with copies of the last three monthly statements • Include all names, addresses, account numbers, balances, and monthly payments for mortgage holders and/or landlords for the last two years • If you are paying alimony or child support, include marital settlement/court order stating the terms of the obligation.