Frequently Asked Questions

What types of mortgage programs are offered?

Currently, there are over 50 different mortgage products available, including:

■ 15, 20, and 30-year Fixed Rate loans

■ Adjustable Rate loans

■ New Construction financing

■ VA and FHA loans

■ 5 and 7-year Balloon loans

■ And many more

Speak to your local mortgage professional to see what’s right for you.

How long does it take to process a mortgage application?

It usually takes 45 to 60 days to process an application, although it can take as few as seven days and as long as

90 days for some transactions. The actual time depends on how quickly the lender can get an appraisal of the

property, a credit report and verification of employment and bank accounts.

What documents will I have to provide?

Be prepared to provide verification of income (including a pay stub and recent tax returns), bank account

numbers and details on your long-term debt (credit cards, auto loans, child support, etc.). If you’re

self-employed, you may also be required to provide financial statements for your business.

In recent years, lenders have been required to obtain more specific information from borrowers in

order to package and sell loans to investors. If you were lending someone such a large amount

of money, you’d want detailed financial information.

This brochure is provided for informational purposes only and is not intended, nor shall it be deemed, to
provide or offer legal or financial advice or guidance. You should always consult with your own advisor
when dealing with any of the information visited herein.
If your property is listed with a real estate broker, please disregard. It is not our intention to solicit
the offerings of other real estate brokers. We are happy to work with them and cooperate fully.
© 2008 Coldwell Banker Real Estate LLC. All rights reserved. Coldwell Banker is a registered
trademark licensed to Coldwell Banker Real Estate LLC. An Equal Opportunity Company.
Equal Housing Opportunity . Each office is independently owned and operated.