Items You Need for When Applying For a Loan
The following online calculators serve as helpful tools during the mortgage process:
Calculate your monthly payment and see how the principal is paid over time.
Use this free loan calculator to calculate monthly payments.
Rent vs. Own
Calculate the difference between renting and buying a home.
Annual Percentage Rate (APR)
Calculate the APR for fixed-rate or adjustable-rate loans.
Determine if you can consolidate your debt by combining it with your home mortgage.
Find out how soon you can pay off your mortgage by making a prepayment.
Determine the additional monthly payment amount needed to pay off the loan sooner.
Refinance Break-Even Point
Find out how long it will take to "break-even" on a refinanced loan.
Determine the estimated tax savings with a new loan.
Average Mortgage Rates in San Diego
See up to the minute San Diego mortgage rates and find San Diego California's best, lowest possible quote.
What is my FICO score?
FICO® Scores are calculated from several different pieces of credit data in your credit report. This data is grouped into five categories. The percentages in each category show how important each of the categories is in determining how your FICO Scores are calculated.
Other useful Links:
Have These Items Ready When You Apply For a Loan
Nowadays, the underwriting answers can be obtained with information supplied directly from the borrower instead of waiting around for verification to come back direct form each source.
The following is required for most standardized loans.. Items may differ according to whether your loan is a conforming (Fannie Mae or Freddie Mac), non-conforming (jumbo) loan, government loan, or a portfolio loan.
Verifications are still mailed out, but usually as part of quality control procedures.
These are the things you need to supply to your lender to get a quick approval using alternate documentation