What Paperwork is Needed to Start Your Home Loan Application?

Monday, July 2, 2018 | 10:07 pm

Buying a house is one of the most exciting times in life. For young people, it can signal the beginning of real adulthood. For others, a house can be the marker of significant change: a change of employment, location or even relationships.

But, for most people, purchasing a property requires a home loan. The financial jargon that goes hand-in-hand with mortgages can be confusing – to say the least – and that’s where a good mortgage broker comes in. A mortgage broker can help you understand the entire home loan process, including informing you of the detailed paperwork needed when applying for a home loan.

Delaware Pacific, a boutique mortgage brokerage located in Southern California, was founded by Waleed Delawari to do just that. However, unlike large banks where you may be passed from one person to another in the home loan process, Waleed envisioned a firm that would work with you directly through every step of the process – answering each question you have along the way – to make it as easy as possible for you, the client. Whether you’re a first time home buyer, someone looking to purchase their forever home, or if you are looking to refinance your current home, he can guide you each step of the way.

To help familiarize potential buyers about the loan process, Waleed has recorded a series of informative videos about mortgages – think of it as your “Mortgage 101” class! Below is a video which details the vital paperwork needed to start the loan application process:

Loans are an extremely time-sensitive process, particularly for purchases. Not having everything in order can add delays to your timeline. To help prepare you, Waleed can give you an action plan and personalized timeline to set you on the right path so that you know exactly what will be needed to ensure that your home loan application won’t be delayed.

Here are just some of the basic paperwork that is normally need for a home loan application:

• Copies of paystubs
• W2’s
• Tax returns
• Bank statements
• Copy of Driver Licenses

The list above is not all-inclusive as additional items may be needed depending on your situation, however Waleed and his staff are available to help you in whatever ways they can. It is vital to visit a mortgage specialist like Waleed so that together you can figure out exactly what is needed for the purchase of your new home.

If you are in the market for a new home, or to refinance your current home, please call Delaware Pacific and let Waleed and his team help you with any paperwork you may need to create your application for a smooth and easy transaction!

Delaware Pacific is located at 959 E Walnut St. Suite 206, in Pasadena. For more information, call (626) 486-1775 or visit http://delgrp.com/.

Delaware Pacific is a DBA if ACC Group, Inc., CA Bureau of Real Estate – Real Estate Broker License #0195006; NMLS Unique Identifier #1162393.

 

 

 

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