Visit our library of loan literature.
One of your greatest advantages in the home-buying process is knowledge. Your Allen Tate Realtor and Mortgage Consultant will provide you with a wealth of excellent information to help your understanding of what to expect and increase your comfort level. We’ll be happy to answer all of your questions and explain each step of the process. Additionally, the following resources (downloadable and printable) provide information you may find helpful as you move forward on your journey toward homeownership.
What information do you need to apply for a mortgage? Today's lending requires extensive documentation. Here is a list of items you will need to bring to complete your mortgage loan application so you'll be ready.
Published by the Federal Reserve Board, this 41-page handbook gives you an overview of Adjustable-Rate Mortgages (ARMs), explains how they work, details the various types of ARMs and discusses some of the issues that you might face as a borrower.
Your credit history and activity are important, especially when purchasing a home. This new publication, published by the Federal Reserve, helps you understand your credit report, credit scores and credit bureaus, and provides answers to some of the most common questions about establishing, maintaining and improving your credit.
The Loan Estimate Form provides information on your settlement charges and loan terms.
The Closing Disclosure form is the comprehensive list of all charges and credits that you will incur as a borrower at loan closing. This form mirrors the information provided on the Loan Estimate.
The Home Loan Tool Kit is a step by step guide to walk potential buyers through the homebuying process.
You will need copies of Federal income tax returns for the past two years to complete a mortgage application. Use Form 4506-T to request tax return information. You may also designate a third party, i.e. your mortgage lender, to receive this information.
This document will allow you to determine your monthly income vs. fixed expenses, creditor payments and variable expenses, to estimate your target mortgage payment and determine if you are financially ready to become a homeowner.
This document provides an overview of the new Federal regulations called TRID (TILA/RESPA Integrated Disclosures) effective October 2015. The most significant changes impact forms and deadlines involved in getting a mortgage loan.
This document provides answers to frequently asked questions about the new TRID requirements that became effective in October 2015.
This document, prepared by the Consumer Financial Protection Bureau, details how new TRID requirements (October 2015) have changed the mortgage loan process.