Additional Information That You Should Know
 | You will need to bring the following items with you when completing your mortgage application: - A check to cover the application fee
- Pay stubs for the past 3 months
- Bank statements for the past 3 months
- Rent receipts for the past 3 months
- A list of all your credit bills, including monthly payments, loan numbers and balances due (car loans, credit cards…)
- IRS W-2 for the past 2 years
- Income tax return forms for the past 2 years
- Social Security Card
- If you are a veteran, you will need to bring your Certificate of Eligibility and your DD214 discharge papers
- Stock Certificates & other proofs of assets
| *To Receive A Free Check List for the Mortgage Application Process By Mail, Please Use The Contact Us Link and Leave Your Name And Contact Information.
Closing Costs At A Glance  Closings costs are the fees that will be incurred to purchase a property. Items normally charged at or prior to closing are:
- Credit Report Fee - approx. $50.00
- Appraisal Fee - $295.00 to $450.00
- Application Fee - $250.00 to $500.00
- Attorney’s Fees - $600.00 to $1600.00
- Title Insurance - approx $750.00
- Survey - $450.00 to $550.00
- Recording Fees - $70.00 to $100.00
- Discount Points - Each discount point charged is equal to 1% of the loan amount.
- Origination Fee - An origination fee is usually 1% of your loan.
In addition to closing costs pre-paid expenses are required by the mortgage company to set up an escrow account. They will usually collect 3 to 4 months of your property taxes, 3 months of your homeowner’s insurance, and interest from the day of closing to the end of the month. You will also need to pay and show proof of having paid for one year of homeowner’s insurance prior to closing. There are other charges that you may incur, but I have listed the most common. *To Receive A Complete List of Estimated Closing Costs And An Explanation Of Each Cost By Mail, Please Use The Contact Us Link and Leave Your Name And Contact Information. |
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