A critical step in the mortgage loan application process is to verify the sources for your down payment, closing costs and assets, as well as documenting income and debts. The lender uses this step to determine your qualifications as a borrower.
Down Payment & Closing Costs
Documenting that the down payment comes from your savings and that you will have savings and/or assets over and above the down payment gives the lender confidence in your strength as a borrower and your ability to repay the loan.
Take extra care to document the sources for any monies to be used for the down payment or closing costs.
Acceptable Down Payment & Closing Costs Sources
Cash in a bank account
Mutual funds / stocks / IRA / 401K
Proceeds from the sale of another property
Gift from an immediate relative
Assets
Collect information about your personal assets that add to your net worth and help to prove your credit worthiness.
Common Assets Considered in a Mortgage Loan Application
Stocks, bonds, mutual funds, 401K and retirement accounts
Life insurance
Personal property estimate - cars, boats, antiques, jewelry, etc.
Other real estate or property
Income and Employment
The lender will want to confirm your current gross income and have evidence of stable employment. Documentation requirements vary depending upon a number of factors - including the source of income (hourly, salary, salary + bonuses, salary + commission, commission, self-employed, etc.).
Debts
Your lender will want to review a list of all your current debts. This along with your credit report will provide the lender with a snapshot of your obligations. The lender will want to confirm that you will not be overextended when the mortgage payment is added to your current debt load.
Estate Information
If you are looking for information on North Carolina real estate, you have come to the right place. We have compiled a list of some of the top real estate firms in Southeastern North Carolina. If you are an agent and would like to have your information added or removed from our web site, please give us a call at (910) 538-3688
Wilmington Real Estate Companies:
Patterson Homes - Fine Home Builder
Network Wilmington
Coldwell Banker Seacoast
Laney Real Estate
Remax Wilmington
Cape Fear Real Estate
South Coast Residential
Landfall Realty
CRR Homes
Prudential Carolina Real Estate
Additional Southeastern North Carolina Real Estate Information:
Wilmington North Carolina Real Estate Companies
More Wilmington NC Real Estate Agencies
Wrightsville Beach Real Estate Firms
Carolina Beach Real Estate Companies
Southport, Oak Island, Brunswick Country Real Estate
Surf City, Topsail Island, Hampstead, Burgaw Real Estate Firms
Leland Area Real Estate Agents
Duplin County Real Estate Firms
Shallotte, Ocean Isle Beach, Sunset Beach Real Estate Companies
Real Estate Agents: Alana Floyd Mearns, Aldo M. Cimino, Andrea Moriarty, Ann Maguire, Bonnie D. Spence, Christina L. McCoy, Chuck Carter, Daisy Cromwell, Desiree Whalen, Donna J. Halsey, Gloria J. Overton, Gloria M. Green, Janet Camarda, Janet P. Bryan, Jennifer G. Morris, Jewell M. Novak, Jim Bitto, Jim Hunter, John Q. Bryan, Karen Haynie, Kristi Harriett, Laura Heitz, Lee Hill, Linda J. Coite, Marc Perbeck, Marilyn W. McKoy, Mary Martin, Morgan McKoy, Patrice H. Willetts, Paul G. Nelson, Paul M. Sullins, Rhonda K. Smith, Ron Simcoe, Ruth Bradley, Sandy Ettinger, Sue Daughety, Tina Pike
Real Estate Agents: Alex Paen, Alice Farrell, Alisha Styron, Alpha Ward-Burns, Barbara Katlen, Beth Fortunato, Brian Rioux, C. B. Johnson, Candice Wells, Carol Corey, Cynthia Spencer, Dawn Glover, Debi Byrd, Delores Bunting, Dennis Barrow, Donna Brogan, Gail Mason, Glenda Newell, Greg Barber, Helen Strickland, Jackie and Preston Davis, Jean Costello, Jim Williamson, Jonathan Swanson, June Bell Wynne, Kathryn C. Kivett, Kay Baker, Kimberly Baggett, Lee Bryant, Lenora Norris, Lisa Wayne, Margie Brantley, Marian Wright, Marie Lightner, Marilyn Williams, Matthew Tarter, Melissa Moore, Mike Rokoski, Nancy Wolfe, Pam Gregory, Peter S. David, Pierce Barden, Quincy Kirby, Rebecca Lawson, Robin Jones, Rodney Williams, Russ May, Sue Wehner, Susan Harkins, Susan Lawrence, Terry Thompkins, Tom Craigg, Tracy Lewchuk, Trisha Browne, Wendy Shorter-Bridges, Adger Wilson, Albert Marset, Alexa Winstead, Allyson Pittman, Amy Boggs, Andy Hajek, Andy Richardson, Barb Ernest, Barbara Ashley, Barbara Hajek, BARBARA McKENZIE, Bob Huskerson, Brad Hunter, Brandon Adams, Brenda Richardson, Brett Adams, Buddy Blake, Carlton Albritton, Carol Blake, Catherine Wombolt, Charlene Efting, Charles Davis, Charles Echols, Chris Baynes, Chris Spivey, Chuck Rech, Cindy Popajohn, Cynthia Strickland, David Lawrence, Debbie Cowen, Emily Kuykendall, Erik Hoffacker, Ginger Sala, Glen Hedrick, Gordon Frieze, Henry McEachern, Janice Loney, Jay Stokley, Jean Berberian, Jerry Strickland, Jessica Riffle, John Feeser, Josie Godwin, Joyce Feeser, Judy Wax, Justin Ash, Kathie Jordan, Kay Huskerson, Kim Fanelli, Kim Hayes, Lisa Pridgen, Marsha Carroll, Mary Delmar, Melanie Bertrand, Melanie Cameron, Melissa Snowden, Michele Frieze, Mike Coble, Mike Laird, Mike Pittman, Pete Camak, Rob Drennan. Robin W. Knotts, Sarah Starling, Scott Shapiro, Shay Perryman, Sherwood Strickland, Stephanie McCall, Stephen Strickland, Susan Jarman, Tambra Jackson, Ted Hardeen, Terry Rowe, Thomas Alexander, Tim Perryman, Tom Inksetter, Tracy Nowak, Trudy McCarter, Virginia Wheat, Andy Anderson, Angela Henry, Ann Dunson Smith, Ashley Ernst, Bob Chance, Bruce Brown, Carole Castellano, Chris Lang, Chris Puryear, Cindi Nathans, David Jones, Gary Sappenfield, Jack Gale, Jill Sullivan, Jim Spicuzza, Joe Moseley, Kathy Werle, Kevin O'Brien, Kim "KC" Watts, Kurt Hess, Lauren Godwin, Laurie Sustar, Lisa Ashby, Lori Williams, Marc A. Maready, Mary Ann Euverard, Mary Wood, Michael Rose, Mike Moshofsky, Patti Walters-Armini, Peggy Holding, Richard Gapski, Rick Ricozzi, Rudy Smithwick, Sallie Dickinson, Sandy Herndon, Sherrie Bowen, Steve Renzulli, Tara Kobasiar, Wade Coble
Real Estate Agents: Dana Blanks, Jerry Brennan, Cindy Clayter, Courtney Clayter, Joseph Jetton, Gwen Johnsen, Sophie Johnson, Dan Kibler, Clay McCall, Kevin McRill, Marius Menzel, Rodney Pearson, Beth Princiotta, Elanor Rimassa, Cordelia Roberts, Mary Sederstrom, Sandra Smith, Tanya Wildman-Moseley, Barney Beermann, Lorna Bell-Kotwall, Karen Berry, Pamela Berry, Fred Brink, Ben Brown, Geoff Brown, Beverly Butler, Sid Camden, Rita Canty, Janet Carden, Christie Carter, Mike Clark, Dana Clayton, Teresa Cochran, Carmen Coombs, Mark Craven, Brenda Croom, Nathan Curl, Charlotte DeGrange, George Dunn, Tonya Eller, Gerald Evans, Peggy Filiberti, Nicholas Fokakis, Greg Garner, Ginni Goodwin, JJ Grannan, John Harts, Johanna Hilla, Stephen Hobbs, Katherine Hunsley, Clay Jackson, Danny Kiser, Kathy Knight, Dave Kuehner, George Laney, Naomi Lawson, Sean Layton, Gwen Lee, Melissa Lester, Cami Marley, Jennifer Heath Mass, Tyrone McGuire, Michael Mesaros, Kathy Moody, Brock Okine, Kenneth Onufrock, Julia Overby, Debbie Page, Nathan Page, Karen Parkin, Jim Parmenter, Phyllis Pearson, Dianne Perry, LeAnn Pierce, Mary Price, Doug Ray, Tammy Ritter, Tom Robinson, Michelle Rodgers, Lee Anne Rouse, Lucy Lane Rumbold, Lisa Russ, Frank Saieed, Eva Price Schronce, Chris Sholar, Rusty Sneeden, Lesley Sneeden, Caleb Strittmatter, Michael Sung, Mary Valendra, Maryanne Walsh, Debra Whiteted, Cynthia Wilkinson, Susan Williams
Real Estate Agents: Sue Adkin, Eric Allen, Mike Bain, Cecelia Benson, Wes Benson, Alan Blake, Lawrence Blanton, Brenda Bozeman, Gerry Brooks, Grant Burger, Christian Cardamone, Harold Chappell, Joy Conley, Connie Cox, Denise Dakoulis, Art Dayton, Linda Dennis, Michelle Dew, David English, Wanda Ennis, Alexandra Evans, Yolanda Evans, Josie Fitzgerald, Melanie Gardner, Carolyn Glaser, Scott Gregory, Richard Grindstaff, Gary Haddock, Bill Hickman, TJ Hickman, Sarah Wright Hicks, Brad Jones, Don Joseph, Kathy Kaiser, Dottie Kilpatrick, Teresa Krebs, Kevin Lavalle, Teresa Ledford, Jane Lewis, Natalia Lians, MaDonna McMahon, Brad McWaters, Brian Moxey, Rebecca Moxey, Wright Murray, Dennis Musser, Michael Nelson, Becky Owen, Joanne Parker, Terri Parrish, Renae Perret, Dianne Perry, Laurie Rees, Linda Root, Joe Rumsey, Patricia Running, Dave Seltzer, Sue Medlin Smith, Brenda Stewart, Lewis Strickland, Michael Stroud, Anne Supplee, Bonnie Sweet, Fred Toth, Pete Vinal, Louise Voelker, Ed Wagenseller, Terry Walters, Tarice Williams
Real Estate Agents: Mark Evans, Jeff White, Joseph McGuire, Matt Field, Joe Meyer, Jon Olshock, Dennis Patch, Sherry White, Brian McCorkle, Frank Bruno, Lisa Stewart
Real Estate Agents: Brian Thomas, Michelle Depland, Seth Laws, Russell Snyder, Davis Bryan, Carl Hixson, Marilyn Hadley, Arnie Cullipher, Natalie Darlington, Jonathan Staber, Jennifer Leinwood, Jeffery Keeter
Real Estate Agents: Ann Scott, Beth Lennon, Bettielou Weddle, Beverly Greenwood, Bob Wallen, Brenda Kelly-Meshaw, Carolyn Dunwell, David Jennings, Debi Causey, Delores Delia, Ethel Taylor, Faylene Voet, Frankie Coleman, Gail Kinlaw, Haven Hodges, Helen Hepbron, Jane Davis, Jinger Lyon, Joan Jones, Joe Capellini, John Wharton, Judy Heath, Judy Quinn Hall, Judy Odom, Kathy Spicer, Kimberly Free, Kristoff Feurer, Lois Parker, Margaret Williams Woodruff, Norman Watt, Pat Lawrence, Paul Dunwell, Richard Fox, Rick Odom, Sandy Monroe, Selena Williams, Sherry Howell, Stan Utley, Susan Linn, Teresa Bean, Tish Brissette, Trish Baker, Vann Fogleman, Vera Johnson, Anna Liese Horton, Jean Hernzndez, Melisa Gallison, Stacy Pascucci, Dianne Stransbury
