Mortgage Information
To help serve you best during the initial process, the Velez-Cardamone Real Estate Team have provided these short "Mortgage Minute" videos helping to explain issues you will face when looking for a mortgage. Feel free to contact us if you have any questions.
There are basic documents needed in order to process your loan. Please keep in mind that additional documentation may be requested by the underwriter at their discretion. It’s extremely important that you provide all information in a timely manner in order to ensure on-time closings. We look forward to being of service to you!
To download a PDF outlining the required documents for loan approval Click Here!
To download a mortgage loan application Click Here!.
General guidelines by RESPA
Within 3 business days of receipt of application and consumer financial information, the consumer will receive a NEW GOOD FAITH ESTIMATE from the lending institution as per RESPA REFORM 2009. Please ensure to be in constant communication with your lender and lock your interest rate. Obtain a copy of your “Lock-In Agreement ”. Please obtain an adjusted GFE (Good Faith Estimate), once you have your lock-in rate. Any changes on your Good Faith Estimate which will result in an increase of over .125% in fees requires the lender to re-disclose a new Good Faith Estimate reflecting the additional fees. At closing the GFE (Good Faith Estimate) and HUD-1 should be in alignment.
The VELEZ CARDAMONE REAL ESTATE TEAM hopes to serve YOU with the highest level of Real Estate Excellence.
We are honored to have you as OUR CUSTOMER & appreciate your VOTE OF CONFIDENCE & future referrals of family, friends and business associates!