Your processor usually needs the following documents to process your loan.

* Income documentation (taxes, W2's and pay stubs)
* Purchase agreement (for purchases)
* Existing mortgage statements (for refinances)
* Asset verification (bank statements, investment accounts etc.)
* Copy of drivers license and social security card
* Copy of your existing mortgage notes (for streamline refinances)

Ultimately, your processor will request the specific documents needed in order to fund your loan.




What is "Rate"?

Rates are determined by the term and type of the loan. 

No cost loans typically mean the rate will be slightly higher than a loan that has costs. This is because the lender is paying your closing costs for you.  Naturally, the less the lender is  required to pay the lower your rate will be.

Some lenders choose a cookie cutter approach towards rates.  Not at Home Mortgage Experts! We pass our savings along to our clients. Your individual rate will be calculated after we review your file and discuss closing cost options with you. Our goal is to save our clients money!

We believe this is the fairest option for our clients.