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Harris Funding understands
just how emotionally draining and overwhelming the mortgage
process can be, which is why it is our job to make it
as smooth and painless as possible.
To ease the process of securing a new home loan
or refinancing we have itemized a list
of documents we require (regardless of credit
score) in order to start processing your loan:
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EXPEDITE LOAN PROCESS |
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The documents listed
below are required for any loan regardless of credit
score
- Copies of current mortgage
statements
- Copies of current homeowners insurance
and real estate taxes
- Copies of W2 (last two years
)
- Copies of two most recent pay-stubs
- Copies of any stocks, 401K,
retirement/life savings, pensions,
annuities
- Copy of your drivers license,
Social Security Card or resident
alien card (if NOT a US citizen)
- If filed for bankruptcy, need copies of
all bankruptcy discharge papers
- Copy of any divorce decree (if
applicable)
- Copy of any social security,
child support payments or award
letters
- Copy of homeowners association dues
(if applicable)
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ADDITIONALLY WE ALSO REQUEST OUR
CLIENTS: |
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- Complete, sign and fax disclosure
forms
- Complete the short mortgage
quote
request form. Please include total number
of borrowers, their social
security numbers, telephone numbers
and any other pertinent information
- Fax or email us a signed purchase agreement
if this is for a new home loan.
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COMPLETE THE MORTGAGE LOAN
APPLICATION |
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Once the required disclosure form and mortgage
quote request form has been submitted to Harris
Funding, the loan process is easy and convenient.
The Harris Funding Loan Process
is as Follows
- Preliminary informational interview
to determine your loan objectives
and overall financial needs.
This will help us assess the best loan programs
for you and optimal interest rate
for your short and long-term goals
- Order an appraisal. It is our
job to find the quickest and most cost effective
appraiser in your area to inspect
your property. The appraiser
will need to receive funds COD. Typical appraisal
fees are $350 and typical turn-time is
3-5 days
- Interest rate lock (if applicable). This is only required
for those with credit scores above a 680 and by
lenders who require it. Most lock periods are
for 30 days. The lock process requires your verbal
consent and is performed in order to assure you
that there is no fluctuation in the interest rate
originally quoted to you.
Once we have the most appropriate home loan
for you, we will fax you a good faith
estimate to show you proof of financing.
This is essential if you are purchasing a new
home and to provide to either your real
estate agent or to the actual seller.
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CLOSING YOUR LOAN |
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- Once your loan
has been approved and all conditions have been
met, Harris Funding will schedule
loan signing. This works as follows:
- Availability for Closing
- The Harris Funding processor
will contact you to set up a time to sign your
loan documents
- A notary will be provided and
will be present during the signing
- Though Harris Funding is located
in Southern California, we provide
loan signing notaries in every
state in which we currently offer financing
- Three Day Right of Rescission
- By law Harris Funding and borrowers
are required to wait 72 hours before the loan
can fund
- Same Day Recording
- On the fourth day the loan
will fund and all monies will
be dispersed accordingly (either via wire or check,
whichever is requested by the borrower)
The Harris Funding Group offers
Mortgage products in Idaho, Massachusetts,
Michigan, Minnesota,
New Mexico, New York,
Ohio, Oregon,
Utah, Virginia,
California, Colorado,
Connecticut and Wyoming.
Harris Funding. For mortgage products
in other stats, please contact
us for a referral. |
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